Interest rate rise prompts questions of recession Federal Treasurer Jim Chalmers has refused to speculate on whether Australia is bound for a recession following the RBA’s interest rate rise of 50 basis points.
Premium Insights and analysis Election 2022: Interest rate hike does not bode well for public service pay rises May 9, 2022 By Stephen Bartos Economy & Industry The RBA has long held the view that public sector wages need to increase. Government wage caps are one of the many reasons why wage growth has stagnated.
Major banks quickly pass on interest rate increase May 4, 2022 By Tom Ravlic Economy & Industry The CBA, ANZ, NAB, and Westpac have moved to pass onto customers the full rate increase announced yesterday by the Reserve Bank of Australia.