AAP
Retirement savings to be ‘decimated’ under early access
20 August
Workers being able to access their superannuation early would destroy their retirement earnings, the treasurer has warned, following calls by Pauline Hanson.The One Nation leader has called for a relaxation of rules that would allow people to...[Read More]
AI boom, productivity malaise making RBA’s job harder
20 August
The surge in artificial intelligence investment and Australia’s sluggish productivity growth rate are forcing the Reserve Bank to keep interest rates higher, a top central bank official says.Speaking two days after the RBA kept the cash rate...[Read More]
Jobs data and a fireside chat: the economic week ahead
20 August
As the US dragged itself out of the Great Depression, newly-elected president Franklin D Roosevelt pioneered an informal style of radio address to nurture rapport with a bruised American public.It’s unclear whether the LED lighting at...[Read More]
‘Hawkish’ RBA open to more hikes after holding rates
13 August
The Reserve Bank has left the door open to more interest rate hikes as it held the benchmark lending rate steady for a second straight meeting.Falling house prices and lower-than-expected inflation helped convince the central bank’s nine-member...[Read More]
Households to bear the brunt of sluggish productivity
13 August
Mortgage holders may have been spared more rate pain by the Reserve Bank but Australia’s chronically weak productivity growth means households will continue to suffer.As the RBA board held interest rates steady for a second-straight meeting, it...[Read More]
‘Softer than we thought’: RBA’s admission on inflation
6 August
Surprise inflation data, which came in lower than expected and below the central bank’s own forecasts, was due to softer fuel prices, according to the RBA’s chief economist. Figures released on Wednesday revealed headline inflation for June fell...[Read More]
Treasurer moves to fix ‘widow’s tax’ after backlash
6 August
The government is moving to fix its so-called “widow’s tax” following criticism its tax reforms denied Australians who inherited an investment property from their partner access to negative gearing concessions. The fix is part of a raft of the...[Read More]
EV sales, air travel drive rebound in consumer spending
6 August
Australian households show no sign of pulling back on spending despite the Middle East conflict exacerbating cost-of-living concerns. Strong growth in electric vehicle purchases and a bounce back in air travel drove a surprisingly strong 0.8 per...[Read More]
Surprise inflation drop eases chance of RBA rate hikes
30 July
Falling inflation levels have defied Reserve Bank predictions, alleviating fears another interest-rate hike is imminent. The latest Australian Bureau of Statistics data showed headline annual inflation falling to 3.8 per cent in June, down from four...[Read More]
Labor backs super boost for youngest Aussie workers
30 July
Labor has backed superannuation payments for Australia’s youngest workers, regardless of the number of hours they work. The party says it will “ensure that all workers, including those under 18 and regardless of how they are engaged, can...[Read More]
Shoddy bank record-keeping hits savers as scammers lurk
30 July
Systemic shoddy record-keeping at big banks is risking the savings of Australians trying to benefit from a safe investment strategy. The financial regulator issued the warning around mortgage offset accounts, which are marketed to borrowers as a way...[Read More]
How trust in the RBA could help keep interest rates low
23 July
As people lose faith in institutions across the globe, a report shows maintaining trust in the Reserve Bank can help keep inflation under control. A survey released by the central bank on Wednesday showed people who have higher trust in the RBA are...[Read More]
Young investors bet the house on dialling up their risk
23 July
Lofty stock valuations and the biggest investment tax shake-up in decades don’t appear to be impacting the risk appetite of young Australians, according to investing platforms. This cohort is increasingly turning to investing to save for their...[Read More]
Jobs data tops economic agenda as Iran war re-escalates
23 July
Jobs data is expected to show ongoing resilience in Australia’s labour market but renewed conflict in the Middle East could bring more bad news for the domestic economy. The unemployment rate is expected to hold steady at 4.4 per cent in June...[Read More]
Trump threatens to shoot down signs of economic rebound
16 July
Just as businesses and consumers were beginning to grow more confident, a return to arms in the Middle East risks sending sentiment back to the doldrums. Business confidence climbed nine points in June, despite warnings the federal budget would...[Read More]