Inflation slows more than expected, chance of an August RBA interest rate rise reduced
1 year, 8 months ago

Inflation slows more than expected, chance of an August RBA interest rate rise reduced

ABC  

Consumer prices rose 0.8 per cent over the three months to June, making a 6 per cent increase over the past year. Key points: Quarterly inflation slowed from 1.4pc in March to 0.8pc in June The annual rate of headline inflation is 6pc, down from 7.8pc in December Economists and financial traders now believe an RBA interest rate rise next week is unlikely The latest Consumer Price Index from the Australian Bureau of Statistics is slightly lower than most economists were expecting and reduces the chances of a Reserve Bank interest rate rise next Tuesday. The Reserve Bank's preferred measure of underlying inflation, which excludes the most volatile price changes, came in at 0.9 per cent for the quarter and 5.9 per cent over the 12 months to June. "Services inflation, which the RBA believes is stickier, accelerated further from 6.1 per cent to 6.3 per cent, the highest it has been since the launch of the GST two decades ago." "The sharp drops in headline and core CPI and in non-tradables and services inflation, the latter two both printing 0.8 per cent quarter-on-quarter in the second quarter, highlight that a 4.1 per cent cash rate may be restrictive enough to bring inflation down," she wrote.

Inflation Services Bank Interest Price Cent Rate Sydney Rba Rise Reserve Maurice Dry Cleaners Expected Chance  rate  cent  bank  inflation  rba  reduced  interest  expected  chance  slows  reserve  price  services  rise

History of this topic

Inflation eases to 2.4% in Europe, supporting likely central bank rate cut
4 weeks, 1 day ago

Inflation eases to 2.4% in Europe, supporting likely central bank rate cut

Associated Press  

FRANKFURT, Germany — Inflation in Europe eased to an annual 2.4% in February, supporting the case for another interest rate cut from the European Central Bank - but leaving open how far the central bank will go in lowering borrowing costs for an economy that’s still struggling to show robust growth. The February figure for the 20 countries that use …

Australian central bank cuts benchmark interest rate for the first time since October 2020
1 month, 2 weeks ago

Australian central bank cuts benchmark interest rate for the first time since October 2020

Associated Press  

MELBOURNE, Australia — Australia’s central bank on Tuesday reduced its benchmark interest rate for the first time since October 2020 as the nation’s inflation cools. “Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance,” the board said in a statement. “Some other central banks …

The RBA hasn't changed the cash rate for more than a year. Here's why
1 month, 2 weeks ago

The RBA hasn't changed the cash rate for more than a year. Here's why

ABC  

The cash rate target — a figure that influences how high people's mortgage repayments are set — hasn't changed for more than a year. That's why, when inflation started increasing rapidly in Australia, the RBA began lifting interest rates to stop inflation getting worse — and to drag inflation back down into the 2–3 per cent range. The RBA raised …

Falling core inflation raises odds of RBA trimming interest rates in February
2 months, 3 weeks ago

Falling core inflation raises odds of RBA trimming interest rates in February

ABC  

A fall in the Reserve Bank's preferred measure of consumer price rises has increased the odds of an interest rate cut in February, despite an increase in headline inflation. AMP's deputy chief economist Diana Mousina believes the RBA will probably cut interest rates if the annual core inflation rate in the December quarter numbers, due towards the end of this …

RBA Is More Confident on CPI, But Too Early to Declare Victory
3 months, 1 week ago

RBA Is More Confident on CPI, But Too Early to Declare Victory

Live Mint  

-- Australia’s central bank is more confident that inflation is moving sustainably toward target but it’s still too soon to conclude the battle is won given a recent pick-up in consumption and a still-tight labor market, minutes of the December meeting showed. The Reserve Bank’s board discussed scenarios in which future policy would be eased to boost economic growth or …

Share market rises after a rally on Wall Street, Australian dollar remains at two-year low — as it happened
3 months, 1 week ago

Share market rises after a rally on Wall Street, Australian dollar remains at two-year low — as it happened

ABC  

OK, so a lot of this discussion is couched in coded messages. They noted that the data received since the previous meeting had not been sufficient to shift the central forecast for inflation or the labour market materially at this stage." "Relative to this central path, members judged that the risk that inflation returns to target more slowly than forecast …

UK interest rates set to be held at 4.75% after inflation rises again
3 months, 1 week ago

UK interest rates set to be held at 4.75% after inflation rises again

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK interest rates are expected …

Inflation analysis: Prices rising faster means higher borrowing costs for longer amid recession fears
3 months, 2 weeks ago

Inflation analysis: Prices rising faster means higher borrowing costs for longer amid recession fears

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The faster price gains for consumer goods like food …

What does rising inflation mean for you - and has it killed off a Bank of England interest rate cut?
3 months, 2 weeks ago

What does rising inflation mean for you - and has it killed off a Bank of England interest rate cut?

Daily Mail  

Inflation in the UK climbed to 2.6 per cent in November, it was revealed today, as the rise in the cost of living accelerated again. James Smith, developed markets economist, UK, at ING, said: 'Our base case is for back-to-back to rate cuts from February onwards, with Bank Rate falling to 3.25 per cent later in the year. While services …

Major blow for Aussies just before Christmas as Reserve Bank makes interest rate decision
3 months, 3 weeks ago

Major blow for Aussies just before Christmas as Reserve Bank makes interest rate decision

Daily Mail  

Australian home borrowers have been dealt a severe blow just before Christmas with the Reserve Bank denying them a rate cut. Governor Michele Bullock gave a strong hint rate cuts could be months away with inflation still too high, ahead of an election next year. Australian home borrowers have been dealt a severe blow just before Christmas with the Reserve …

The brutal reality of life under Anthony Albanese as economy grows at weakest pace in more than three decades
3 months, 4 weeks ago

The brutal reality of life under Anthony Albanese as economy grows at weakest pace in more than three decades

Daily Mail  

Australia's economy is barely growing despite record-high levels of immigration and government spending, as the country enters its longest-ever per capita recession. Australia's economy is still barely growing despite record-high immigration levels The Australian Bureau of Statistics data showed GDP per capita shrank by 1.5 per cent over the year, continuing a per capita recession that began in early 2023 …

RBA unlikely to lower interest rates in 2024 despite inflation at its lowest level since July 2021
4 months ago

RBA unlikely to lower interest rates in 2024 despite inflation at its lowest level since July 2021

ABC  

Australia's inflation rate remained steady in October, with analysts tipping this price data won't change the Reserve Bank's mind to hold interest rates at their highest level in about a decade until at least early 2025. The inflation rate held at 2.1 per cent annually, with the rising price of food, alcohol, cigarettes and recreational activities keeping it up, while …

Big hint Anthony Albanese is responsible for you missing out on a rate cut - with Australia's most powerful banker blaming government spending for inflation
4 months, 3 weeks ago

Big hint Anthony Albanese is responsible for you missing out on a rate cut - with Australia's most powerful banker blaming government spending for inflation

Daily Mail  

Australia's most powerful banker has given a strong hint that excessive government spending is to blame for high inflation, ruling out rate cuts until 2025. Australia's most powerful banker has given a strong hint excessive government spending is to blame for high inflation - and therefore no rate cuts While headline inflation has fallen to a three-and-a-half year low of …

RBA leaves cash rate at 4.35pc, acknowledging it's 'restrictive,' while ASX loses ground — as it happened
4 months, 3 weeks ago

RBA leaves cash rate at 4.35pc, acknowledging it's 'restrictive,' while ASX loses ground — as it happened

ABC  

Here are some highlights from the RBA Board's statement. Underlying inflation remains too high: "Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance. "Headline inflation was 2.8 per cent over the year to the September quarter, down from 3.8 per cent over the year …

Review finds 'no evidence' gunshots were deliberately edited into commando footage — as it happened
Trending News
4 months, 3 weeks ago

Review finds 'no evidence' gunshots were deliberately edited into commando footage — as it happened

ABC  

Treasurer Jim Chalmers answers a questions on the RBA interest rates. Member for Macquarie, Susan Templeman, asks: "What does the decision taken today by the Reserve Bank mean for Australians and what progress is being made in the fight against inflation and how does this compare to other approaches?" "Secondly, it reflects the progress that we are making together in …

Reserve Bank keeps interest rates at 4.35pc for eighth-straight meeting despite lower inflation
4 months, 3 weeks ago

Reserve Bank keeps interest rates at 4.35pc for eighth-straight meeting despite lower inflation

ABC  

The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent for its eighth-straight meeting, despite inflation falling to its lowest level in almost four years. In a statement, the RBA said while inflation has "fallen substantially" since it peaked in 2022, underlying inflation remained too high at 3.5 per cent in the September quarter. The …

No RBA rate cut yet, but Governor Bullock is about to find the pressure overwhelming
6 months, 1 week ago

No RBA rate cut yet, but Governor Bullock is about to find the pressure overwhelming

ABC  

Who'd want to be Reserve Bank Governor Michele Bullock? Reserve Bank keeps interest rates on hold at 4.35pc Photo shows Reserve Bank of Australia generic The RBA has kept interest rates on hold at 4.35 per cent, saying inflation is still too high to start cutting rates. The Reserve Bank board has decided to keep the cash rate steady at …

Reserve Bank keeps interest rates on hold at 4.35pc, ignoring political pressure for cut
6 months, 1 week ago

Reserve Bank keeps interest rates on hold at 4.35pc, ignoring political pressure for cut

ABC  

The Reserve Bank has left interest rates on hold at 4.35 per cent. Earlier this month, Treasurer Jim Chalmers said the RBA's rate hikes were "smashing the economy", and former Labor treasurer Wayne Swan accused the RBA of "putting economic dogma over rational decision-making" by refusing to cut rates at this point in the cycle. "With the labour market still …

How will inflation affect Labour’s plans for the economy?
6 months, 1 week ago

How will inflation affect Labour’s plans for the economy?

The Independent  

It’s early days, obviously, but one of the factors that helps any government “deliver” and win re-election is a healthy economy. Having repeatedly stated that they inherited the worst economic situation since the war – albeit a highly tendentious claim – Labour undoubtedly faces a challenge in achieving the electorally magical combination of low inflation, high employment, rising living standards, …

PETER VAN ONSELEN: America is about to provide stunning proof that Albo and Jim badly botched Australia's inflation crisis. And their soft 'people pleaser' approach is only making it worse for every s
6 months, 2 weeks ago

PETER VAN ONSELEN: America is about to provide stunning proof that Albo and Jim badly botched Australia's inflation crisis. And their soft 'people pleaser' approach is only making it worse for every s

Daily Mail  

The news last week that inflation had fallen in the United States - such that it is now perfectly in the middle of the 2-3 percent target range the Reserve Bank of Australia would like our inflation figure to be - is proof positive that making tough decisions eventually pays off. Treasurer Jim Chalmers isn't prepared to make the sort …

Labor is leaning into an assault on the 'barbarians' at the bank. It may be great politics, but the economics are trickier
6 months, 3 weeks ago

Labor is leaning into an assault on the 'barbarians' at the bank. It may be great politics, but the economics are trickier

ABC  

There's plenty of buyer's remorse inside Labor these days. Treasurer Jim Chalmers has blamed successive interest rate rises for "smashing the economy", as the government braces for more weak economic figures due this week. Failure to bring inflation back to the bank's 2 per cent to 3 per cent target range would ultimately force the Reserve Bank to "slow the …

More people are seeking help as Australia's economy slows down, RBA governor acknowledges
6 months, 3 weeks ago

More people are seeking help as Australia's economy slows down, RBA governor acknowledges

ABC  

Reserve Bank governor Michele Bullock says she is aware that more people than usual are seeking help from community organisations as Australia's economy slows down and unemployment rises. And the number of owner-occupiers with variable-rate mortgages who are in a "particularly challenging situation" is also rising, but the RBA is doing what it can to bring inflation down, re-balance the …

The RBA is making confusion about inflation and the cost of living even worse
7 months ago

The RBA is making confusion about inflation and the cost of living even worse

ABC  

There's a paradox about the way we respond to threats to the cost of living. At the same time, when the cost of living climbs enough to push inflation beyond the Reserve Bank's target, the bank pushes up interest rates in an attempt to drive measured inflation down. Sharp interest rate increases are a problem The response of the Reserve …

Inflation rises to 2.2% for first time this year in blow to interest rate cut next month
7 months, 2 weeks ago

Inflation rises to 2.2% for first time this year in blow to interest rate cut next month

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. However, despite the smaller than …

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates
7 months, 2 weeks ago

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates

LA Times  

A sale sign is displayed on a store clothes rack. Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from June to July after dropping slightly the previous month for the first time in four years. At a news conference last month, Powell said that cooler inflation data this spring had strengthened the Fed’s confidence that …

Why headline inflation numbers are masking the confronting financial reality facing many households
7 months, 3 weeks ago

Why headline inflation numbers are masking the confronting financial reality facing many households

ABC  

There won't be protest marches in the streets when the Reserve Bank of Australia makes its next decision on interest rates. In the lead-up to Wednesday's inflation reading for the June quarter, there was speculation that if it came in hot, above 4 per cent, a rate rise would be on the cards. In the end, the "headline" annual rate …

PETER VAN ONSELEN: Jim Chalmers' excuses for Australia's inflation crisis spectacularly unravel - with two key stats easily blowing apart the garbage Treasurer is peddling
8 months ago

PETER VAN ONSELEN: Jim Chalmers' excuses for Australia's inflation crisis spectacularly unravel - with two key stats easily blowing apart the garbage Treasurer is peddling

Daily Mail  

Treasurer Jim Chalmers wants you to believe that rising inflation isn't his fault. Under pressure: Jim Chalmers' excuses for Australia's 'sticky' inflation crisis are unravelling He wants you to focus on the fact inflation is lower now than when Labor came to power. In other words Australia's rising inflation - a quarterly adjusted figure of 3.8 per cent - is …

Why the Reserve Bank of Australia should hold off on interest rate hikes in August
8 months ago

Why the Reserve Bank of Australia should hold off on interest rate hikes in August

ABC  

There's a curious thing about openness, communication and transparency. Because, despite recently showing a real reluctance to want to push interest rates even higher, she and her Reserve Bank of Australia colleagues have for the past two years made it abundantly clear that they were committed to hammering inflation into submission. Money markets right now have just a one-in-five chance …

Base rate cut in August 'on a knife edge' as inflation holds at 2%
8 months, 2 weeks ago

Base rate cut in August 'on a knife edge' as inflation holds at 2%

Daily Mail  

Investors scaled back bets on an August Bank of England base rate cut after fresh data showed signs of persistent inflation pressures in some areas of the economy. And while the headline inflation measure remained at target, a core inflation reading of 3.5 per cent and a services inflation rate of 5.4 per cent demonstrated the danger of resurgent price …

UK inflation stays at 2% target in June, leaving rate cut on a 'knife edge'
8 months, 2 weeks ago

UK inflation stays at 2% target in June, leaving rate cut on a 'knife edge'

Hindustan Times  

Inflation in the U.K. held steady at the Bank of England's target rate of 2% in the year to June, official figures showed Wednesday, in a development that could be enough for policymakers to cut borrowing costs next month. Grocery price inflation fell to its lowest level since September 2021 in a further sign of easing cost pressures, ahead of …

Ongoing sales have boosted spending during a cost-of-living crisis. Will shoppers pay the price with an interest rate rise?
8 months, 3 weeks ago

Ongoing sales have boosted spending during a cost-of-living crisis. Will shoppers pay the price with an interest rate rise?

ABC  

Australia's struggling retail sector has been given a glimmer of hope, with rolling sales encouraging shoppers to spend — but economists warn that it may come with the price of another interest rate hike by the Reserve Bank. The recent jump in retail spending, boosted by clothing and footwear retailers offering big discounts and earlier-than-usual sales seasons, has increased expectations …

'Bad mistake to set policy on one number': RBA deputy plays down this week's inflation shock
9 months ago

'Bad mistake to set policy on one number': RBA deputy plays down this week's inflation shock

ABC  

The Reserve Bank's deputy governor has played down this week's surprise inflation data, saying it would be a "bad mistake" to set interest rates on the basis of one number. Answering questions after speaking at the welcome dinner for Citi's A50 Australian Economic Forum in Sydney, Andrew Hauser told the gathered group of business leaders and finance sector heavyweights that …

'Nasty upside surprise' on inflation raises interest rate pressure on the Reserve Bank
9 months ago

'Nasty upside surprise' on inflation raises interest rate pressure on the Reserve Bank

ABC  

In short: Headline inflation rose from 3.6 per cent in April to 4 per cent in May, which was higher than economists expected. The Australian Bureau of Statistics measure of consumer prices for May showed a rise in annual headline inflation from 3.6 back to 4 per cent. AMP economists Shane Oliver and My Bui noted that market pricing put …

UK inflation falls to Bank of England's 2% target rate for first time in nearly 3 years
9 months, 1 week ago

UK inflation falls to Bank of England's 2% target rate for first time in nearly 3 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation in the U.K. returned …

RBA keeps interest rate at 4.35 per cent, says rate rise could be on cards as governor says she's not expecting a recession in Australia
9 months, 2 weeks ago

RBA keeps interest rate at 4.35 per cent, says rate rise could be on cards as governor says she's not expecting a recession in Australia

ABC  

The Reserve Bank has kept interest rates on hold at 4.35 per cent. "Inflation has fallen substantially since its peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance," the Board said. RBA governor warns the narrow path is 'getting a bit narrower,' but doesn't expect a recession The RBA board …

RBA Sees Some Households Struggling, Suggesting Rate-Hike Limits
10 months ago

RBA Sees Some Households Struggling, Suggesting Rate-Hike Limits

Live Mint  

-- Australia’s inflation is showing persistent strength and weighing heavily on the finances of some households, a senior Reserve Bank official said, highlighting the limits to further interest-rate increases. “The board are absolutely focused on the fact that inflation is clearly still above the target band,” RBA Assistant Governor Sarah Hunter said at a conference in Sydney on Thursday, referring …

Inflation rises slightly in April to 3.6pc but economists say that should ring 'alarm bells' for RBA
10 months ago

Inflation rises slightly in April to 3.6pc but economists say that should ring 'alarm bells' for RBA

ABC  

In short: The annual rate of inflation ticked up to 3.6 per cent in April, from 3.5 per cent in March. According to the Australian Bureau of Statistics, an underlying measure of inflation — called "trimmed mean" inflation — also picked up again in April, from 4 per cent to 4.1 per cent. "It does not appear that the RBA …

UK inflation falls less than expected to 2.3% in April
10 months, 1 week ago

UK inflation falls less than expected to 2.3% in April

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Economists think that the higher-than-expected inflation figures make it …

Inflation tumbles to 2.3% as Rishi Sunak hails 'milestone' in cost-of-living battle… but doubt cast on rapid BoE interest rate cuts after fall is smaller than hoped - and high government borrowing hit
10 months, 1 week ago

Inflation tumbles to 2.3% as Rishi Sunak hails 'milestone' in cost-of-living battle… but doubt cast on rapid BoE interest rate cuts after fall is smaller than hoped - and high government borrowing hit

Daily Mail  

Rishi Sunak hailed a 'major milestone' today after inflation tumbled to the lowest level in nearly three years. However, the drop, driven largely by easing energy prices, was less than the 2.1 per cent analysts had pencilled in - sparking concerns that the Bank of England might delay interest rate cuts. Grant Fitzner, the ONS's chief economist, said: 'There was …

Why further interest rate hikes by the Reserve Bank won't fix Australia's inflation problem
10 months, 3 weeks ago

Why further interest rate hikes by the Reserve Bank won't fix Australia's inflation problem

ABC  

If only there was a diagnosed condition called One Size Fits All syndrome. That's helped push one measure of price rises — core inflation — higher on a quarterly measure. Quick as a flash, that's sparked a renewed demand from some sections of the economics commentariat for further rate hikes to smash the evils of inflation once and for all. …

'Too soon to declare victory' as RBA governor Bullock says she can't rule out another rate rise
10 months, 3 weeks ago

'Too soon to declare victory' as RBA governor Bullock says she can't rule out another rate rise

ABC  

In short : Interest rates have been kept steady, at 4.35 per cent. RBA does not want to tip economy into recession, Bullock says On Tuesday, Governor Bullock said when the RBA lifted rates in November, from 4.1 to 4.35 per cent, it was "taking out a little insurance." The RBA's preferred "core" measures of inflation, such as the trimmed …

Annual inflation slows to 3.6 per cent as higher than expected price rise in March quarter rules out early rate cut hopes
11 months, 1 week ago

Annual inflation slows to 3.6 per cent as higher than expected price rise in March quarter rules out early rate cut hopes

ABC  

In short: Inflation has come in higher than expected, with prices rising by 1 per cent in the March quarter significantly reducing the chance of rate cuts by the Reserve Bank this year. Inflation has come in higher than expected, with prices rising by 1 per cent in the March quarter significantly reducing the chance of rate cuts by the …

Inflation expected to cool to two-and-a-half-year low
11 months, 2 weeks ago

Inflation expected to cool to two-and-a-half-year low

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. However, they stressed that services inflation – which has …

RBA keeps interest rates on hold at 4.35pc but says 'it will be some time' before inflation within target band
1 year ago

RBA keeps interest rates on hold at 4.35pc but says 'it will be some time' before inflation within target band

ABC  

The Reserve Bank has left interest rates on hold amid signs that growth in the economy has dramatically slowed down following 13 interest rate rises since May 2022. The cash rate remains at 4.35 per cent, and while the central bank gave no clear indication of where it was headed next, saying it was "not ruling anything in or out", …

Did the Reserve Bank hit the brakes too hard? Why Australia's economy is heading into reverse
1 year ago

Did the Reserve Bank hit the brakes too hard? Why Australia's economy is heading into reverse

ABC  

The softening-up process is already underway. There's now every possibility the GDP numbers could tip negative, giving the first real indication that Australia's economy is shrinking under the weight of 13 interest rate hikes in quick succession. The RBA lifted the cash rate to 4.35 per cent last November, but it hasn't fully flowed through to the whole economy. Prepare …

RBA governor Michele Bullock says she doesn't agree with IMF that Australia needs higher interest rates
1 year, 1 month ago

RBA governor Michele Bullock says she doesn't agree with IMF that Australia needs higher interest rates

ABC  

Reserve Bank governor Michele Bullock says she doesn't agree with the International Monetary Fund that Australia should be lifting interest rates even higher. Earlier this week, the RBA board decided to keep Australia's cash rate steady for another six weeks, at 4.35 per cent, saying there were "encouraging signs" that inflation was falling as required. RBA keeps interest rates steady …

Inflation further cools in Australia as confidence of ‘soft landing’ grows
1 year, 2 months ago

Inflation further cools in Australia as confidence of ‘soft landing’ grows

Associated Press  

SYDNEY — Inflation in Australia has slowed to its lowest rate in three years, the country’s official statistics agency said Wednesday, raising hopes of a “soft landing” for the nation’s economy. While the CPI is still above the Reserve Bank of Australia’s target band of 2-3%, the bigger than expected slowdown will raise mortgage holders’ hopes that relief on interest …

Inflation figures Australia: Major development in country's cost of living battle
1 year, 2 months ago

Inflation figures Australia: Major development in country's cost of living battle

Daily Mail  

Inflation has fallen significantly to a two-year low just months before lower and middle-income Australians are due to receive bigger tax cuts. This was the lowest headline inflation rate since December 2021, when it was at 3.5 per cent following the lockdowns in Sydney and Melbourne but before Russia's Ukraine invasion pushed petrol prices above $2 a litre. Inflation has …

Inflation fall 'should kill off' any lingering interest rate rise risks
1 year, 2 months ago

Inflation fall 'should kill off' any lingering interest rate rise risks

ABC  

In short: Consumer prices rose just 0.6 per cent over the December quarter, the slowest pace since March 2021, and 4.1 per cent over the past year. Consumer prices rose just 0.6 per cent over the December quarter, the slowest pace since March 2021, and 4.1 per cent over the past year. Moreover, the Reserve Bank's preferred "trimmed mean" measure …

What are the alternatives to using interest rates to tackle inflation? We put your questions to economist Saul Eslake
1 year, 2 months ago

What are the alternatives to using interest rates to tackle inflation? We put your questions to economist Saul Eslake

ABC  

Daniel Wigg doesn't drink alcohol anymore. "Although, like interest rates, it would leave older people unscathed," Mr Eslake said. Saul Eslake says lifting income tax was a common way of responding to high inflation in the 1950s and 60s, but "no government would want to do that now". Mr Eslake also said interest rates were kept "too low for too …

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