News Muncher - searching for high - category jim chalmers

3 months ago

Reserve Bank boss Michele Bullock mocks Treasurer Jim Chalmers with three cutting words

Reserve Bank chief Michele Bullock has openly mocked Treasurer Jim Chalmers by suggesting she could hypothetically 'smash the economy' with more rate rises. But Ms Bullock has weaponised Dr Chalmers's critique of the most aggressive rate rises in a generation, just three weeks after the Treasurer accused the Reserve Bank of 'smashing the economy'. Reserve Bank chief Michele Bullock told …

Canada Inflation New Zealand Bank Cent Rate Rba

3 months, 2 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 …

Economy Labor Inflation Bank Interest Rates Interest Rates

3 months, 2 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 …

Economy Inflation Interest Rates Interest High Cent Taylor

1 year ago

Australia's economic crisis will be front and centre as 2023 ends. But whether 2024 will be more prosperous remains to be seen

ABC

It's been a year, hasn't it? That inflation struggle will be front and centre as this year ends and the new year begins, keeping the Reserve Bank back in the national economic driver's seat for another year. Unemployment rises despite another surprise job creation surge Photo shows A female bartender smiles at a colleague cutting lemons as she shakes up …

Economy Inflation Monetary Policy Treasury End Cent Rba

1 year, 7 months ago

Federal budget 2023: Does a budget focused on the cost of living mean inflation and interest rates could get worse?

ABC

Treasurer Jim Chalmers is adamant his second budget will not make Australia's inflation problem worse while providing cost of living relief — but economists are divided about whether that confidence is misplaced. Key points: Some economists believe the spending will not have an impact on inflation, but others warn another rate rise could be on the horizon Treasurer Jim Chalmers …

Budget Interest Rates Interest Spending Cent Rate Rates

1 year, 8 months ago

IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn

ABC

The level of risk in Australia's housing market is the second-highest in the developed world, the International Monetary Fund has warned. Key points: The IMF has downgraded its global economic growth outlook to 2.8 per cent this year, stoking fears of an economic downturn It says Australia's housing market has one of the highest risks of mortgage repayment defaults in …

Global Economy Housing Market Financial New Zealand Economic

2 years ago

Interest rate rise: Treasurer Jim Chalmers backs RBA boss as Aussies face mortgage stress

Daily Mail

Treasurer Jim Chalmers has responded to calls for a major overhaul of the Reserve Bank as interest rates soar to a 10-year high. The RBA raised interest rates by a quarter of a percentage point to 3.1 per cent on Tuesday much to the distress of mortgage holders who have faced eight consecutive rate rises. Treasurer Jim Chalmers is supporting …

Interest Rates Interest Rate Rba Treasurer Jim Chalmers Philip Lowe Rise Treasurer

2 years, 2 months ago

Treasurer Jim Chalmers reveals workers' pay will go backwards until 2024-25 ahead of federal budget announcement

ABC

Treasurer Jim Chalmers says his first budget will be "family-friendly" but has conceded that wage growth is not expected to match the rising cost of living until the year after next at the earliest. Key points: Inflation is expected to reach 7.75 per cent in December Treasurer Jim Chalmers says it is the "primary influence" on the latest federal budget, …

Inflation Payments Pay Billion Need Taylor Expected

2 years, 5 months ago

Federal Treasurer Jim Chalmers warns on budget outlook, New Zealand inflation surge hints at even bigger interest rate rises

ABC

Fresh inflation figures out of New Zealand sound a warning that the worst of price and rate rises may still be yet to come, says Australia's federal Treasurer as he warns Australians to brace for next week's "confronting" budget update. Key points: New Zealand inflation has risen again, to be 7.3 per cent for the 12 months to June, while …

Inflation Budget New Zealand Economic Interest Rates Interest Cent

Filters

Articles for Jim Chalmers, search results for high