Government needs ‘helping hand’ to control prices, says departing Lowe Economy & Industry RBA governor Philip Lowe said the government could explore handing limited powers to an independent body to adjust spending and taxing policy.
Fair Work investigators prowl food courts, sushi bars for ‘cheap eats’ offenders August 2, 2023 By Julian Bajkowski Economy & Industry The Fair Work Ombudsman has launched an underpayment crackdown on franchisors and serial offenders.
APS annual wage bill balloons $9bn to $33.4bn a year, official stats reveal August 2, 2023 By Julian Bajkowski Economy & Industry Public sector salary data is now plugged directly into electronic payrolls.
Marles aims at Defence Housing mortgage subsidies, revolving door of Defence personnel May 3, 2023 By Julian Bajkowski Defence Record low unemployment is affecting Defence recruitment; record high rents mean military home loans are more appealing than ever.
ACT expansion into NSW mired by collapse of key Ginninderry builder March 9, 2023 By Julian Bajkowski Economy & Industry A key developer in Canberra has gone under, leaving thousands of buyers and creditors in limbo after staff were let go and sites shut down.
Public sentiment survey finds fewer of us want government to have a ‘substantial role’ March 2, 2023 By Melissa Coade Culture The COVID-19 Impact Monitoring Survey shows the Australian government should care for the sick, control migration, and protect the elderly.
Three ways Buy Now, Pay Later helps Australians build stronger finances February 23, 2023 By Afterpay Australians have done an incredible job managing their finances over the last few years. Despite a series of historic economic hardships, the Reserve Bank of Australia estimates total additional household savings hit A$200 billion in 2021 pushing household wealth to record heights. A revaluation and diversification of financial tools to help manage spending supported this […]
Interest rates lifted for the fifth time this year September 7, 2022 By Tom Ravlic Economy & Industry The Reserve Bank of Australia has increased the cash rate target a fifth time, to 2.35%, in an attempt to contain inflation.
Premium Insights and analysis Election 2022: Red Book, Blue Book considerations for Treasury and Finance May 9, 2022 By Tom Ravlic Editors' Picks Australians have already got some idea of what key factors need to be common to both the Red and Blue books.
US Federal Reserve Bank increases interest rates by half a percent May 5, 2022 By Anna Macdonald Economy & Industry US Federal Reserve chair Jerome Powell pointed to the US low unemployment rate as a positive sign for the economy.
Union calls for end to NSW public sector wage cap in wake of interest rates hike May 4, 2022 By Tom Ravlic New South Wales Union secretary Mark Morey says the wage cap is discredited and a way of keeping wages down in a climate where costs are rising.
Interest rates jump, Labor blames Morrison May 3, 2022 By Tom Ravlic Federal Reserve Bank governor Philip Lowe said the board believed it was the right time to start pulling back the support it has given to the economy during the pandemic.
Five ways the Reserve Bank is going to bat for Australia like never before November 4, 2020 By Peter Martin Economy & Industry The most important of the five measures the Reserve Bank announced on Tuesday is the one that won’t whirr into place for a very long time. Others start immediately.
Quantitative easing does not increase inequality June 19, 2019 By Stephen Kirchner Economy & Industry Many of the myths about quantitative easing in the US have migrated to Australia and are now being heard from Australian politicians. The comments reflect several misconceptions about QE.
Monetary policy settings: hawks, doves and the seat of the pants September 20, 2018 By Nicholas Gruen Economy & Industry If higher interest rates now will lower the risk of financial instability later, how much will they lower it, what are the benefits of so doing, and what are the costs?