If you’re going to stimulate the economy, it’s wise not to wait.
A bold government would have delivered stages one, two and three of the tax cuts at once. Boldness is what we need.
Jacqui Lambie with Centre Alliance senators, who threw their support behind the government’s $158 billion income tax cuts, guaranteeing the package will become law.
After a hectic first week for the new parliament, Michelle Grattan speaks with Deep Saini about Jacqui Lambie's role in helping pass the government's tax cuts, and a further cut to interest rates - now 1%.
Philip Lowe is grabbing a rare opportunity to push the floor under unemployment lower.
Philip Lowe is on the cusp of permanently changing Australia. He stands a good chance of being one of the best governors since the first, who ushered in the goal of full employment.
Two cuts in a row, and a good chance of more to come.
The Reserve Bank has cut the official interest rate to a new low of 1%, reflecting continuing concern over the slow economy.
Reserve Bank governor Philip Lowe will announce his rate decision at 2.30 pm eastern time onTuesday July 2.
By himself, Reserve Bank Governor Philip Lowe may not be able to keep us out of recession.
As uncertain as 2019-20 is, The Conversation’s team of 20 leading economists are in broad agreement that the outlook isn’t good. Scott Morrison and Treasurer Josh Frydenberg will also have to deal with the unexpected.
Wes Mountain/The Conversation
The Conversation's distinguished panel predicts unusually weak growth, dismal spending, no improvement in either unemployment or wage growth, and an increased chance of recession.
Road tested. Quantitative easing worked in the US, and can work even better here.
There's nothing unusual about quantitative easing. Our biggest mistake would be to be to wait.
Acting AFP Commissioner Neil Gaughan speaks to the media about the raid on the ABC.
Geoff Crisp speaks with Michelle Grattan about the week in politics.
Reserve Bank Governor Phi;lip Lowe will keep cutting rates until he has forced inflation up and unemployment down.
The Reserve Bank cut interest rates on Tuesday because we weren't spending or pushing up prices at the rate it wanted. On Wednesday we might find things are worse than it thought.
The prudential regulator has a history of doing too much, too late.
Combined, APRA and the Reserve Bank are about to give households on $150,000 up to $120,000 more borrowing power.
We can’t rely on consumer spending to keep us recession-free.
Expect two more interest rate cuts, but they mightn't be enough.
The case for cutting rates is strong, but there’s a stronger case for waiting. The Reserve Bank’s Sydney HQ.
The Reserve Bank has adjusted rates in previous election campaigns, but it needs to have a very, very, good reason.
The last time inflation was zero the Reserve Bank cut rates twice. It’ll get the chance on May 7.
Inflation has barely been within the Governor Philip Lowe's target band his entire time in office. Zero inflation means he should cut now, before the election.
Philip Lowe tells the Press Club on Wednesday there’s now an even-money chance rates will be cut.
Rates might need to be cut urgently, and because things are good. Governor Lowe has signalled he won't wait.
Economists expect the cash rate to remain steady for yet another year even though inflation is on the floor.
The Reserve Bank's inflation target seems out of date in a world of ultra low inflation. So why is Governor Lowe persisting with it?
Things will continue to look good enough for long enough to help the government fight the election. Beyond that, the Conversation Economic Panel is worried.
Wes Mountain/The Conversation
The Conversation has assembled a forecasting team of 19 academic economists from 12 universities across six states. Together, they assign a 25% probability to a recession within two years.
We’re unpredictable, but this could be a one-off adjustment.
Prices are off, but from unprecedented highs. It could be a one-time adjustment.
How the float was greeted, 35 years ago on December 10, 1983.
The Australian, December 10, 1983
Floating the dollar 35 years ago was a leap into the unknown. Here's how it has served us well.
Whether there is a floor beneath which cuts in interest rate are ineffective depends in part on house prices.
It is thought that it doesn't help much to cut official interest rates toward or beyond zero, and maybe it doesn't, but new research suggests the answer has a lot to do with the housing market.
Online prices drive offline prices.
The mere possibility of online competition is restraining prices offline.