In this podcast, our guest is Andrew McKellar, CEO of the Australian Chamber of Commerce and Industry. He joins us to give a business take on the economy and relations with the Albanese Government
The government has announced who Philip Lowe's successor is, deputy governor Michele Bullock - She will be the first woman to hold the position.
AAP Image/Lukas Coch
Although she has been with the bank four decades, the past two have been in areas remote from the setting of interest rates, meaning she won’t feel compelled to defend the mistakes of the past.
It is generally expected Lowe will be replaced, when Treasurer Jim Chalmers takes his recommendation to cabinet
Australian home borrowers are experiencing much, much more interest rate pain than borrowers in New Zealand, Canada, the UK or US – for one simple reason.
Of all the things we can do to boost productivity, working harder is one of the least likely to make a difference.
Chalmers is in the driver’s seat as another Labor government copes with an economic crisis – very different from the GFC, but similar in being driven by circumstances not of the government’s making.
The scandal, involving the improper use of confidential government information for financial gain, would seem an ideal probe for the NACC to cut its teeth on.
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.
These include the establishment of a separate Monetary Policy Board and Governance Board, aimed at making both decision-making and governance arrangements as effective as possible
The Albanese government had no intention of giving the Low and Middle Income Tax Offset a further lease of life. It just would have preferred that a pesky journalist hadn’t highlighted the fact
Reserve Bank of Australia governor Philip Lowe is unrepentant about the prospect of further interest-rate rises. In fact, he says there’s a risk the bank is not doing enough.
As well as her interviews with politicians and experts, Politics with Michelle Grattan includes “Word from The Hill”, where she discusses the news with members of The Conversation’s politics team.
The Reserve Bank of Australia tips economic growth to slow, inflation to remain high, spending to stagnate, unemployment to increase and real wages to fall further.
Michelle & Amanda 06.09.2022.
Michelle discusses Tuesday’s RBA rate rise – the fifth increase in a row – as well as the imminent passage of Labor’s climate legislation, and industrial relations negotiations coming out of last week’s summit.
The Reserve Bank of Australia has delivered a ‘double-whammy’ interest rate rise, with up to five more to come in 2022.
Dark warnings about rising labour costs ignore the importance of profits in driving higher prices.
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
There’s no reason why Australian lenders couldn’t offer 30-year fixed-rate mortgages, as they do in the US. It could save borrowers thousands of dollars in interest a year.