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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 …
Despite Freedom of Information requests from earlier last year It was finally quietly revealed at the second last day in parliament before Christmas just how bad the HWL Ebsworth data breach has been across all levels of Government. HWL Ebsworth is the largest commercial law firm in Australia, and has links with over 60 different …
PM’s office – Reserve Bank – AFP – ADF – all hacked Read More »
The Federal government appointed Michele Bullock as the new governor of the Reserve Bank of Australia, becoming the first woman to be appointed. Ms Bullock will replace Phillip Lowe, who has been in the spotlight over the decisions of increasing interest rates eleven consecutive times. Produced By: Eduardo Jordan Featured In Story: Amanda Copp – …
Michele Bullock appointed as the new RBA governor Read More »
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 …
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 …
The country’s peak social welfare body says the proposed overhaul of the Reserve Bank (RBA) underscores the notion that the board has long been out of touch with ordinary Australians. The Australian Council of Social Service (ACOSS) said the changes are aimed at creating a Reserve Bank board that is more in touch with the …
Social welfare body claims RBA out-of-touch with ordinary Australians Read More »
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 …