The recent dip in unemployment and pick-up in inflation has given the RBA some breathing space, with rates now expected to remain on hold until at least early next year.
PostedNovember 04, 2019 11:46:23UpdatedNovember 04, 2019 22:49:54
Despite the recent tax and interest rate cuts, consumers are still holding back on retail spending, with some economists calling it the weakest result since the early-1990s recession.
PostedNovember 04, 2019 06:56:10UpdatedNovember 05, 2019 08:13:40
The RBA may cut rates further tomorrow, but is monetary policy enough to fix the economy or is it time for the Government to act? Peter Martin found answers.
PostedNovember 02, 2019 06:00:00UpdatedNovember 02, 2019 11:59:44
A recent Harvard study found Australias economy is less complex than Kazakhstan or Uganda, but is the assessment fair? And, if it is, what can be done to diversify the economy away from its mining dependence?
PostedNovember 02, 2019 05:00:17UpdatedNovember 02, 2019 23:33:55
A sizeable portion of Australias economic policy is influenced several times a year by the stroke of a pen roughly 15,000 kilometres away. It happened again this week, writes David Taylor.
PostedOctober 30, 2019 15:33:08UpdatedOctober 30, 2019 17:57:00
China has passed new cryptography laws set to come into effect next year despite cryptocurrency currently being banned in the country with the aim of digitising its currency.
PostedOctober 30, 2019 11:52:47UpdatedOctober 30, 2019 14:28:45
Inflation may still be weak, but edged up ahead of expectations over the September quarter and along with unemployment ticking down, the RBA will be breathing a small sigh of relief.
PostedOctober 30, 2019 07:07:07UpdatedOctober 30, 2019 09:05:53
Imagine you could generate 30,000 additional workdays per week for the economy by getting mums at home back into work. This is what KPMG is proposing, as part a plan to revamp Australias Child Care Subsidy system.
The Labor leader has unveiled a faint glimpse of the vision he has for his prime ministership, but history could stand against him, writes national affairs correspondent Greg Jennett.
Hong Kongs financial secretary has confirmed the Asian financial capital has fallen into recession, following five months of anti-Government protests.
PostedOctober 28, 2019 19:59:03UpdatedOctober 29, 2019 05:58:43
At the peak of the property boom, interest-only mortgages accounted for almost half of all new home loans. Last year, the RBA warned that about half a trillion dollars worth of interest-only mortgages are due to expire. Mortgage holders face a big jump in repayments when they start to repay the principal as well as the interest. Now thousands of borrowers are facing that reality.
PostedOctober 28, 2019 06:22:10UpdatedOctober 28, 2019 12:45:36
With the property market beginning to rebound from a downturn, borrowers with interest-only loans are being caught out as their mortgages reset costing them thousands in extra payments.
PostedOctober 28, 2019 06:18:43UpdatedOctober 28, 2019 06:30:45
As Australian households halt their spending so too are businesses, with leaders concerned the economy will deteriorate in 2020, which paints a grim picture that mirrors the one going on in the United States.
The cooling towers at Yorkshires Ferrybridge Power Station C are knocked down in a controlled explosion.
PostedOctober 27, 2019 05:57:31UpdatedOctober 27, 2019 12:47:27
The banks mini reporting season starts this week, with profits and dividends under the pump as years of misconduct and a slowing economy take their toll.
PostedOctober 22, 2019 05:00:10UpdatedOctober 22, 2019 07:37:31
Australias official interest rate is quickly approaching zero, but if you are in the market for a new home and have not yet taken out a mortgage, you may already be too late, writes Harry Scheule.
PostedOctober 21, 2019 05:44:45UpdatedOctober 21, 2019 09:29:28
The Aussie dollar jumped nearly 1 per cent on the strength of Philip Lowes upbeat remarks in Washington and a slight drop in unemployment figures, but niggling doubts about the strength of the Australian economy remain, writes Ian Verrender.
PostedOctober 18, 2019 14:26:41UpdatedOctober 18, 2019 14:37:09
The wine industry emerges from a decade-long grape glut, with exports playing a big role in the sectors turnaround.
PostedOctober 18, 2019 08:54:17UpdatedOctober 18, 2019 12:04:47
RBA governor Philip Lowe says it is extraordinarily unlikely that Australias economy will need to be stimulated with negative interest rates.
Australias household debt is the second highest in the world and its changing how we live
By business reporterMichael JandaforThe Money
PostedOctober 18, 2019 06:00:00UpdatedOctober 18, 2019 17:25:56
Australians are some of the worlds most indebted people. We know it, we worry about it, and there is increasing evidence that its changing our way of life.
The debt-laden Gunner Government has spent almost $170 million on unbudgeted policy changes including $12 million for a grandstand at the Fannie Bay racecourse in the two months after its May Budget was handed down.
PostedOctober 17, 2019 15:59:11UpdatedOctober 17, 2019 17:09:41
Low wages growth and underemployment continue to plague Australias economy, but one mattress-building company has committed to regular pay increases thanks to its rising exports to China.
PostedOctober 17, 2019 11:40:38UpdatedOctober 18, 2019 09:33:26
Although it was a better-than-expected result, economists believe the fall in unemployment is temporary, and the Reserve Bank will soon be forced to cut interest rates again.
PostedOctober 17, 2019 10:56:22UpdatedOctober 17, 2019 12:27:13
Not only is the property downturn hitting household consumption, its also a big drag on economic growth and likely to last for another year, the RBAs deputy governor warns.
PostedOctober 16, 2019 20:03:22UpdatedOctober 17, 2019 07:37:06
The Washington-based IMF says the global economy is growing a lot slower than it predicted a year ago. Its a harsh reality check for the Federal Government, which could threaten its promised budget surplus.
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