Australia lifts minimum wage by 4.75% as inflation reaccelerates
By Renju Jose and Stella Qiu SYDNEY, June 2 (Reuters) – Australia’s independent wage-setting body on Tuesday said…
Headline inflation eases to 4.2 per cent in April as fuel prices fall
Headline inflation decelerated in April, with consumer prices increasing at an annual pace of 4.2 per cent, down…
Confounding bankers’ assumptions, the RBA’s post-COVID rate hikes caused Australians to work more, not less
Now that the Reserve Bank has lifted interest rates for the third time this year, how will you…
RBA interest rate decision: Economists tip hike to 4.35 per cent
Australians are on edge ahead of the Reserve Bank’s interest rate decision on Tuesday afternoon, with many experts…
RBA’s decision on interest rates a choice between two evils: recession or inflation
If there’s any certainty about the Reserve Bank of Australia’s interest rate verdict today, it’s that it will…
See how the price of everything has changed with inflation
The cost of most everyday items is up — here’s by how much. If it feels like (almost)…
Economist Shane Oliver fears an ‘inflation mindset’ steering Australia toward recession
A leading Australian economist has warned the “clock is ticking” on a recession as an “inflation mentality” floods…
Asia braces for worst-case energy scenarios as Iran war drags on
By Claire Jiao and Josh Xiao (Bloomberg) — Governments across Asia are preparing for worst-case energy scenarios that…
Labor spending not to blame for soaring inflation: Chalmers
Jim Chalmers has defended Labor’s management of the economy after Sunrise host Nat Barr accused the government of…
Will the RBA increase interest rates today?
The market thinks the likelihood of the Reserve Bank of Australia (RBA) lifting interest rates today is 71…
Australia’s economy growing at fastest rate in almost three years
Australia’s economy was growing at an annual rate of 2.6 per cent in the December quarter, up from…
RBA governor says ‘too early to say’ how Middle East war will impact Australia’s economy
Reserve Bank governor Michele Bullock says it is too early to know what impact the Middle East war…