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This cost of living crisis is confirmed by research done by the OECD which shows that wages growth is amongst the worst surveyed Australia is one of 60 member countries whose real incomes have gone backwards since 2019. Image: Image: Shutterstock – fiskes Produced By: Abhranil Hazra Featured In Story: Professor John Quiggen – School …
Some economists have been looking at the conditions that signal a recession could be looming. The much anticipated Reserve bank decision on Interest rates settled on a pause yesterday leaving rates at 4.1%. This put the spotlight on the economy and the better than expected inflation figures a few weeks ago. The question is whether …
The Reserve Bank opted to keep interest rates at 4.1% on the back of better inflation figures. The pause also will allow them to better assess how the interest rate strategy is working according to Governor Philip Lowe. Many economists are also warning that we could tip into recession if accumulated rate hikes push too …
The national retail sales figures came out earlier this week and showed some resilience in the face of expectations for a decline. Department stores did see a decline in sales, also clothing and footware, but other areas showed a slight increase. Image: Imag: Shutterstock- Monkey Business Images Produced By: Roderick Chambers Featured In Story: Tim …
Most economists were predicting a further hold on Interest rates and were wrongfooted by Govenor Philip Lowe’s RBA Board decision. There now seems to be a groundswell of pushback as those already crunched by interest rates are becoming more and more desperate. It also makes the budget for Treasurer Jim Chalmers an even more diabolical …
As the Treasurer Jim Chalmers has bluntly said there will be no extension to the middle and low income earner tax rebate and this could mean tax rebates of around $600 less come June 30 this year. For the Government who ran an election campaign on cost of living pressures, this additional hit along with …
Economists were divided on whether the RBA would pause their incremental rises in Interest Rates in their battle against inflation. The tipping of the balance in favour of holding the existing rates was the better than expected Inflation figures from last week; indicating that finally the interest rate rises were gaining traction. Mortgage holders will …
The Reserve Bank of Australia today announced that interest rates would rise for a a tenth consecutive time- increasing by 0.25% to 3.6%. This represents the highest interest rates have been since 2012, where they hit 3.6% in May of that year. RBA governor, Phillip Lowe, has signaled that at least one more rise might …