Yesterday
- Opinion
- Interest rates
There’s a compelling case for RBA reducing interest rates on Tuesday
The board has created expectations of no rate cut at the final meeting of 2024. That’s the mirror of its 2021 error when it implied there would be no rise.
- Ross Garnaut
This Month
- Opinion
- Interest rates
The markets have got it wrong (again) on rate cuts
Bond traders are fully priced for some relief by April 2025 thanks to a couple of surprising data points. But it’s always the coldest just before sunrise.
- Warren Hogan
- Exclusive
- Public service
How many can you name? The 30 public servants earning more than $1m
Executives from NBN Co, Australia Post and Snowy Hydro topped the latest leaderboard for public service and government-owned business pay packets.
- Tom McIlroy
- Opinion
- Monetary policy
Michele Bullock could be the Maradona of Australian central banking
The Reserve Bank governor is weaving through the inflation challenge with a hawkish comment here, a dovish quip there and a steady interest rate.
- Paul Bloxham
- Opinion
- Letters to the Editor
Emerson overstates RBA’s impact on jobs
Readers’ letters on what 4.5 per cent unemployment really means; delay of the Nature Positive Bill; Reserve Bank independence; office party activities; and South Australia’s high-voltage lines.
- Opinion
- Interest rates
The Reserve Bank is not smashing the jobs market
Claims the central bank is needlessly throwing vulnerable Australians out of work are not backed up by the statistics.
- John Kehoe
Record government spending props up GDP
Public servant pay rises, energy bill subsidies, discounted transport fares and infrastructure spending pushed government spending to a fresh record last quarter.
- Updated
- Michael Read
Restaurants warn fee ban will lead to prices to rise
The government’s proposal could see credit card users doubly penalised by paying higher prices, and face an additional surcharge set around 2 per cent.
- James Eyers
ASIC moves to expand its oversight of crypto and digital assets
The corporate regulator’s new guidance outlines more than a dozen examples of how it intends to assess what is in – and out – of financial services laws.
- James Eyers
- Opinion
- Letters to the Editor
End RBA scapegoating and come up with policy solutions
Readers’ letters on the Reserve Bank pile-on; supermarket “discounts”; a lost opportunity to protect the environment; support for the social media age ban; and rooftop solar.
Energy workers hit hardest by transition: RBA research
Workers laid off from emissions-intensive roles suffered larger income falls than other workers losing jobs, according to Reserve Bank researchers.
- John Kehoe
- Opinion
- Letters to the Editor
Social media ban critics overlook mental suffering
Readers’ letters on what critics of the age limit fail to consider, the case for not tinkering with the RBA, why South Australia is still the nation’s renewables trailblazer, and a lesson from Greek mythology for crypto investors.
Retail sales hit 17-month high as tax cuts spawn consumer revival
Economists say a strong rise in retail spending in October could show the protracted household spending downturn is over, as tax cuts encourage shoppers to splurge.
- Michael Read
ASX nears record; Northern Star’s $5b deal; Telstra buys Boost Mobile
Read everything that’s happened in the news so far today.
- Opinion
- Interest rates
Reserve Bank is needlessly smashing jobs
By arbitrarily and wrongly defining full employment, the RBA will cause misery for vulnerable working Australians and small business owners that is entirely avoidable.
- Craig Emerson
- Opinion
- Opinion
Chalmers should pick ‘superforecasters’ for the new RBA board
The ideal member would have a deep and broad knowledge of many disciplines and be more likely to contribute to better predictions.
- Huw McKay
- Opinion
- Interest rates
The golden opportunity’ that investors are overlooking
Thanks to an inactive Reserve Bank, Australians have been blindsided by term deposit rates that are up near 5 per cent. They should instead be selling stocks and looking at bonds.
- Updated
- Tim Hext
November
- Opinion
- Monetary policy
Labor can’t legislate its way out of this battle with the RBA
There is growing disagreement over when unemployment is inflationary – and the RBA’s view helps explain why it is still so bearish on rate cuts.
- Laura Tingle
Economists abandon hopes of RBA cutting rates in February
Economists at AMP, ANZ and Bank of Queensland have joined a chorus of forecasters expecting rate cuts no sooner than May.
- Alex Gluyas and Joshua Peach
- Opinion
- Interest rates
Could the RBA cut interest rates in February?
The latest inflation readings imply that there is a possibility the Reserve Bank of Australia could start easing early in the new year.
- Christopher Joye
