1+ day, 21+ hour ago  (1182+ words) Leading economists have fronted the National Press Club to warn Treasurer Jim Chalmers against making inflation even worse with Budget handouts. Treasurer Jim Chalmers has been warned extra Budget handouts during an oil crisis will only fuel inflation, as Labor…...

1+ day, 12+ hour ago  (975+ words) A one-month surge in copper prices sent Rio Tinto shares to a record $252 billion valuation this week, amid rising bets inflation will push commodities higher. Copper's surge towards a record high this week has investors split over whether the price…...

1+ day, 10+ hour ago  (489+ words) Higher rates and affordability pressures are threatening to push the housing market into a decline, with prices in the two biggest cities already on the slide. Australia is on the cusp of a housing market downturn as interest rates and…...

2+ day, 33+ min ago  (596+ words) Borrowers have been slugged with higher mortgage rates after the Reserve Bank's May hike, but many savers will miss out unless they meet the fine print on bonus accounts. The big four banks have all moved to pass on the…...

3+ day, 15+ hour ago  (435+ words) Budget pressure is mounting as Treasurer Jim Chalmers faces inflation concerns, rising interest rates and warnings from Reserve Bank Governor Michelle Bullock. Treasurer Jim Chalmers was forced to defend the Government's economic approach under mounting pressure on inflation and rate…...

4+ day, 3+ hour ago  (1228+ words) The Reserve Bank has raised interest rates by another 25 basis points to 4. 35 per cent, undoing last year's relief. Governor Michele Bullock hinted at more pain and cautioned against higher government spending. Reserve Bank governor Michele Bullock has hinted at even…...

4+ day, 58+ min ago  (517+ words) EDITORIAL: A Government cash splash will be working in direct opposition to the RBA. And looking at the big picture beyond a possible small Government sugar hit, we will all be the losers. Wham! Wham! And again wham! After two…...

4+ day, 9+ hour ago  (841+ words) Westpac's chief executive Anthony Miller fears multiple rate rises will spark a recession in Australia. Westpac's chief executive Anthony Miller has warned higher interest rates could tip the economy into a recession, with Australia's second biggest bank also concerned that…...

4+ day, 6+ hour ago  (917+ words) RBA LIVE: The Middle East war is ready to blow another hole in the budgets of millions of families already shell-shocked by two interest rate hikes this year. Could there be a third today? The big question is whether the…...

5+ day, 1+ hour ago  (775+ words) Big cuts in next week's Budget will help reduce demand in the economy as inflation runs hot again, Treasurer Jim Chalmers says as he pledges to deliver a net saving in the bottom line. The Treasurer has also revealed that…...