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News
Albanese Inflation Plan Spurs Growth, Risks Rate Hikes
30+ min ago (416+ words) The Albanese government's active inflation agenda continues to put the brakes on the Australian economy, as they stoke inflation, tax inflation and spend inflation in a vicious cycle that is sending Australians backwards. The latest National Accounts for the June…...
Economic Resilience Boost Applauded
1+ hour, 36+ min ago (157+ words) The Reserve Bank's assessment that the economic recovery is resuming and expected to broaden, has been welcomed by Finance Minister Nicola Willis. Announcing a 0.25 basis point lift in the Official Cash Rate today to 2.75 per cent, the Reserve Bank said…...
NZ Reserve Bank Hikes OCR 25 Points to 2.75%
2+ hour, 41+ min ago (235+ words) The Monetary Policy Committee today reached consensus to increase the OCR by 25 basis points to 2.75 percent. Inflation increased to 4.1 percent in the June quarter because of higher fuel prices arising from the conflict in the Middle East. Core inflation, expected…...
OCR Hike to Worsen Fragile Job Market
2+ hour, 53+ min ago (253+ words) The Reserve Bank's decision to lift the Official Cash Rate to 2.75 percent will make life harder for the 171,000 New Zealanders already out of work, says the New Zealand Council of Trade Unions Te Kauae Kaimahi. "The OCR hike today is…...
Households Speak: Expectations, Behavior, Policy
10+ hour, 32+ min ago (1185+ words) Thank you, Michael, and thank you to ESMT for the invitation. It is a pleasure to be here for this inauguration and to speak about a topic to which Michael has made an outstanding contribution: how households form expectations and…...
Defining Wealth: What Being Rich Means
15+ hour, 24+ min ago (1174+ words) For a long time, the answer seemed pretty simple. Being rich meant having money. Lots of it. Enough to live extravagantly, buy whatever you want and never really have to worry about the cost. But over the last few years,…...
Rates Capping Bill Clears First Reading
20+ hour, 16+ min ago (198+ words) Legislation to halt excessive rates increases and ensure councils' focus to be on fixing the basics and keeping rates affordable has passed its first reading in Parliament today, Local Government Minister Simon Watts says. Under the Local Government (Rates Capping)…...
Translating Economic Growth Into Better Lives
1+ day, 8+ hour ago (900+ words) Solving complex social problems with multiple interrelated causes can involve juggling a variety of factors. Securing funding, designing the right programs, and sustaining the political will necessary to implement them demands a targeted approach. Lyonel Tanganco, a graduate student in…...
Remote Work Flexibility: Impact on Young Workers' Learning?
1+ day, 9+ hour ago (848+ words) Six years after the COVID-19 pandemic accelerated the shift to remote work, hybrid and remote arrangements have become an established part of the labour market. About one in five Canadians now works remotely some or all of the time. Professor…...
Albanese Spending Spree Fuels Inflation, Rates Rise
1+ week, 1+ hour ago (286+ words) "The Albanese government's addiction to spending means underlying inflation remains stubborn with prices at the supermarket remaining high, with interest rates", said Shadow Treasurer, Tim Wilson. Mr Wilson's comments come in the wake of the latest Consumer Price Index (CPI)…...