Treasurer Jim Chalmers will now explore a deal with the Greens, who will hold out for their own concessions.
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Articles on Reserve Bank
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Jim Chalmers also confirmed he will visit China later this month.
How exactly does our central bank control the cost of borrowing in the first place?
Despite different theories, there is no simple answer to whether prospective home buyers are better off buying before or after the expected interest rate drop in the next year.
A lot of Australians are hoping there might be an interest rate cut at the next Reserve Bank board meeting but they shouldn’t hold their breath.
Regulating the increasingly popular digital payment providers will bring them into line with other payment services and help protect consumers.
Inflation has slipped faster than the Reserve Bank thought it would, and the underlying rate is down to 5.4%. The bank is likely to tread cautiously from here on.
Per person, gross domestic product shrank 0.2% in the three months to March, the most outside of a COVID downturn since 2016.
Just as we have the country’s smartest legal minds on the High Court and our best health practitioners setting vaccine policy, the review wants the best economists to set monetary policy.
I graphed the average online rate for a $10,000 deposit against the Reserve Bank’s cash rate, going back to 2010. After seeing what that graph reveals, you’ll want to call your bank.
Price inflation has hit countries differently, but most central banks and governments are concerned about the rising cost of living in 2023.
University of Canberra Professorial Fellow Michelle Grattan and Assistant Professor Caroline Fisher discuss the week in politics
Word from The Hill: Peter Dutton puts nuclear power on opposition’s agenda
Michelle Grattan discusses politics with politics + society editor, Amanda Dunn
The first week of the new parliament will contain some depressing news, with Treasurer Jim Chalmers on Monday softening up the community to expect a “confronting” statement on the economy.
Word from The Hill: People’s pockets hit again, with rate rise and floods set to boost veggie prices
Michelle Grattan discusses politics with Peter Browne from the politics + society team
On the economy, people smugglers, parliamentary sitting, and Julian Assange
Michelle Grattan discusses politics with politics + society editor, Amanda Dunn
The Fair Work Commission has announced a rise in the minimum wage of 5.2% or $40 a week, taking it to $812.60 a week or $21.38 an hour
Michelle Grattan discusses the political week that was with Emma La Rouche from the University of Canberra’s Media and Communications team
The extraordinary increase in house prices and debt means mortgage rates of 7% would be as painful to borrowers today as rates of 17% were decades ago.
Michelle Grattan discusses politics with politics + society editor, Amanda Dunn
Top contributors
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Professorial Fellow, University of Canberra
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Professor of Economics, UNSW Sydney
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
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Lecturer in Economics, Monash University
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Industry Professor, University of Technology Sydney
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Program Director, Trade and Investment, United States Studies Centre, University of Sydney
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Vice Chancellor's Fellow at Victoria University and Adjunct Professor of Economics, Victoria University
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Professor of Economics and National Senior Teaching Fellow, Griffith University
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Professor, School of Economics, The University of Queensland
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Senior Lecturer, Research School of Economics, and Research Associate, Centre for Applied Macroeconomic Analysis, Australian National University
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Professor of Economics, The University of Melbourne
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Assistant Professor, University of Canberra
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Program Director, Economic Policy, Grattan Institute
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Vice-Chancellor’s Fellow, University of Tasmania
