News
From petrol to PVC: Reece announces 36% pipe price hike due to Middle East conflict
4+ hour, 9+ min ago (428+ words) Plumbing supply giant Reece says its suppliers will lift the cost of key building materials by up to 36%, as conflict in the Middle East constricts the production and shipment of plastic pipes and fittings. In an email circulated to customers…...
RBA lifts interest rate to 4.1% as inflation, oil prices spook the board
1+ week, 4+ hour ago (477+ words) The Reserve Bank of Australia (RBA) has hiked the cash rate target by 0.25% to 4.1%, as persistent inflation, oil price volatility, and resilient employment figures spook the central bank. The Monetary Policy Board confirmed the lift on Tuesday afternoon, broadly matching…...
From household goods to fuel: Here's what is driving up inflation
4+ mon, 3+ week ago (136+ words) Trimmed mean inflation, the Reserve Bank's preferred measure for determining whether to cut interest rates, also rose this quarter. Congratulations! Your registration was successful. Welcome to our Community! We are sorry to see you go We would like to hear…...
“Jimflation” could result in another interest rate hike by the RBA
1+ mon, 3+ week ago (579+ words) Poor productivity growth and persistently strong government spending will give the Reserve Bank no choice but to hike interest rates next week, economists say. Treasurer Jim Chalmers emphatically denied the government was contributing to a resurgence in inflation, after the…...
Two ways Chalmers can help the RBA fight inflation in the budget
1+ mon, 2+ week ago (611+ words) Treasurer Jim Chalmers is being urged to give Reserve Bank of Australia (RBA) governor Michele Bullock a hand in her fight against inflation by cutting spending and introducing productivity-boosting reforms in the upcoming federal budget. The RBA was forced to…...
RBA lifts official interest rate to 3.85% following inflation resurgence
1+ mon, 3+ week ago (333+ words) The Reserve Bank of Australia (RBA) has hiked interest rates by 25 basis points, becoming the first major central bank to go from rate cuts to rate hikes following the post-COVID inflation spike. In a unanimous decision on Tuesday, the RBA's…...
RBA's interest rate hike: Opposition says Chalmers’ spending lit the fuse
1+ mon, 2+ week ago (517+ words) The Reserve Bank's decision to lift the benchmark borrowing rate to 3.85% has brought an end to the shortest easing cycle in the inflation-targeting era. Given the central bank's dramatic U-turn from cuts to hikes in the space of six months,…...
Surging fuel prices point to RBA rate hike -- and higher SME borrowing costs
1+ week, 1+ day ago (475+ words) Business and household borrowing costs are expected to rise from Tuesday, with the Reserve Bank of Australia (RBA) widely tipped to lift interest rates in the face of skyrocketing fuel prices. Conflict in the Middle East continues to shake the…...
Cashflow crunch coming with 30% of small businesses unaware of payday super
3+ week, 7+ hour ago (340+ words) A cashflow crisis is looming for small businesses unaware of payday superannuation reforms, according to multiple industry reports showing few SME employers are fully aware of the July 1 transition. Under the payday superannuation system, employers will need to pay their…...
Size does matter: Government considers reforms limiting 'shrinkflation"
6+ mon, 3+ week ago (358+ words) Supermarkets could be forced to tell shoppers when a product becomes smaller without falling in price, under "shrinkflation" reforms considered by the federal government. A new consultation on the Unit Pricing Code will begin on Monday, giving business owners and…...