Two experts argue for and against government intervention when it comes to fixing low wage growth.
The RBA argues that it needs to balance financial stability risks against the need to stimulate the economy through lower interest rates. But this has left inflation running below its target range.
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If the RBA continues to sacrifice its inflation target on the altar of financial stability risks, inflation expectations and our wages growth will continue to languish.
While the RBA might not be able to influence the current cash rate, it can still influence longer-term rates by offering guidance about its future policy decisions.
Construction of apartments will be a key thing to watch in 2018.
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Weak Australian inflation and housing credit data mean the Reserve Bank is unlikely to move on interest rates.
When using a cryptocurrency, you interact with a system like the blockchain, an online ledger that records transactions, directly. Bitcoin, is an examples of this.
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A digital Australian dollar could remove the role of middlemen and creates a cheaper electronic currency system, while at the same time enabling the government to fully regulate the system.
The new A$10 banknote, part of a series. The next new banknote to be released will be the A$50, planned for 2018.
Reserve Bank of Australia
The new series of Australian banknotes are not a designer’s dream but they are the strongest yet in terms of preventing counterfeiting.
APRA’s independent inquiry panel member, John Laker, who is also chairman of the Banking Finance Oath initiative, will be one of the ones holding the CBA to account.
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One scandal at the CBA stands out above all others, It set the scene for how the CBA board would handle future scandals, that is to obfuscate, prevaricate and litigate.
Employment rose in July, with 27,900 jobs created.
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The amount of Australians in mortgage stress is the reason why wages growth and the labour market are such a problem - and a big reason for the RBA not to raise rates any time soon.
The RBA found Australians are increasingly using cards instead of cash for in-person payments.
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Building negotiating power is crucial for anyone looking to ask for a pay rise. But for those who can’t, perhaps it’s the employers’ responsibility to ensure fair compensation.
Is the Australian economy ‘the little engine that could’?
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Wes Mountain, The Conversation and Jenni Henderson, The Conversation
There’s been quite a bit of speculation over whether Australia has a property market bubble - where house prices are over-inflated compared to a benchmark - and when it might burst. According to housing…
Australia’s central bank says labour market conditions have been weaker than expected.
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Millie, aged 5, wants to know where money comes from. We asked an economist to explain.
APRA chairman Wayne Byres is leading a crackdown on interest-only loans, but it may not be enough to cool some parts of the housing market.
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