Economy

On the back of three rate hikes this year, the RBA’s most recent decision to hold the official cash rate at 4.35 per cent has sparked calls for sustained caution.

The Reserve Bank has revealed its monetary policy decision after mixed inflation data in April and softening data for jobs and consumer spending.

In welcome news for Australian mortgage holders, NAB has anticipated that the next interest rate decision will be left on hold in June and August before the central bank resumes cuts.

With GDP growth softening annually, one firm suggests that the economy faces ‘recession-like’ conditions as the cost-of-living forces consumers to pull back on discretionary spending.

Australia’s GDP growth has softened by 0.1 per cent year on year, due to modest household and public sector expenditure, and cyclone disruptions to mining and export activities, the ABS has revealed.

Impacted by inflation, equal pay goals, and the Middle East crisis, the wage increase has prompted mixed reactions, reflecting the difficulty of striking the right balance among employers, employees, and the economy at ...

The year-on-year March quarter rise is expected, experts have said, with financial stress impacting specific groups rather than unrelated individuals.

Amid the fallout of the Shield and First Guardian collapse, the government is turning focus to the increasing financial burdens on the CSLR funding framework.

With CPI falling to 4.2 per cent in April, core inflation staying high, and headline inflation remaining elevated, BDO’s chief economist has emphasised the importance for businesses to “plan across multiple scenarios”.

With the surging fuel prices and supply chain disruptions, it is clear that the vast majority of Australian businesses are having to reshape their operating models to cater for the inevitable increase in costs and drop in ...