Slash spending and reform taxes, IMF urges Australia
Reviving the Gillard-era mining tax and slashing income taxes should be on the Albanese government’s agenda to boost…
US Federal Reserve pumps cash into Wall Street as banking system shows signs of stress
Early warning signs are emerging of the rising danger of another global credit crunch. Analysts say recent moves…
Australia Housing Dysfunction Mirrored in Central Bank’s Blowout Rebuild
(Bloomberg) — When Australia’s central bank resolved to refurbish its 1960s-era Sydney headquarters in 2018, it hardly expected…
Fed’s Hammack Says She Wouldn’t Cut Interest Rates If Meeting Were Tomorrow
Federal Reserve Bank of Cleveland President Beth Hammack said she wouldn’t support lowering interest rates if central bankers…
Australia Set to Cut Rates, Stay Cautious on Policy Outlook
(Bloomberg) — Australia’s central bank is poised to deliver its third interest-rate cut this year as inflationary pressures…
Australia’s Monthly CPI Cools, Cementing July Rate-Cut Case
(Bloomberg) — A gauge of Australia’s monthly inflation cooled faster than anticipated in May, moving close to the…
New Zealand Immigration Decline May Impede Economic Recovery
New Zealand immigration fell to a two-and-a-half year low in April, adding to risks of a slower-than-expected economic…
Longer hours but less productive: Australians need to work ‘smarter’, not harder, report warns
Australia is facing an urgent productivity problem, with a new report showing the country is at a standstill…
More interest rate cuts likely as RBA confident it’s beaten inflation, faces Trump tariff risks
The Reserve Bank has cut interest rates amid greater confidence that the inflation battle is won, and will…
Erratic Donald Trump is dark cloud on horizon for Michele Bullock as RBA considers interest rates
A ray of sunshine? Green shoots? You’d like to think that after weathering years of economic storms, surely…
Reserve Bank launches new survey tracking business expectations
Although the BES represents a significant expansion in the Reserve Bank’s expectations data, officials say that further observations…
Crude oil drops to four-year low, promising lower petrol prices and inflation
Australians are starting to feel some cost of living relief as fuel prices begin to fall from long-term…