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Latest news: Economic Organization

Treasurer urged to rein in spending as rates rise again

Treasurer urged to rein in spending as rates rise again

The Reserve Bank's split 6-3 decision to raise interest rates was viewed as a dovish sign, but governor Michele Bullock would not rule out more hikes if needed.

Economic outlook darkens in latest RBA forecasts

Economic outlook darkens in latest RBA forecasts

Economic outlook darkens in latest RBA forecasts

Economic outlook darkens in latest RBA forecasts

Australian workers are projected to see real wages fall one per cent in 2026, as pay packets struggle to keep up with higher inflation.

More pain brews for borrowers as rates hit 15-year high

More pain brews for borrowers as rates hit 15-year high

More pain brews for borrowers as rates hit 15-year high

More pain brews for borrowers as rates hit 15-year high

The Reserve Bank's decision to lift the cash rate to 4.6 per cent was unanimous, but economists are divided on whether borrowers can expect more hikes.

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'Hawkish' RBA open to more hikes after holding rates

'Hawkish' RBA open to more hikes after holding rates

Borrowers are on notice with the Reserve Bank signalling it won't shy away from raising interest rates if inflation comes in higher than forecast.

House price falls weighing on economic growth, RBA says

House price falls weighing on economic growth, RBA says

The deterioration in Australia's housing market will help slow the economy and get inflation back under control, the Reserve Bank says.

Households could get paid under plan to price pollution

Households could get paid under plan to price pollution

Australia could raise $35 billion a year by putting a price on pollution and help households and businesses by sharing the revenue, a report has found.

US economic growth to slow to 1.6 per cent, OECD says

US economic growth to slow to 1.6 per cent, OECD says

World economic growth is on course to slow to 2.9 per cent in 2025 and 2026, the Organisation for Economic Cooperation and Development says in a forecast.

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Trump uncertainty set to smash Australian economy

Trump uncertainty set to smash Australian economy

Trump uncertainty set to smash Australian economy

Trump uncertainty set to smash Australian economy

Australia is not following the "bouncing ball" of Donald Trump's daily shifts, the treasurer says, amid predictions of a bigger-than-expected economic hit.

Australia warned to get productive or be left behind

Australia warned to get productive or be left behind

Australia warned to get productive or be left behind

Australia warned to get productive or be left behind

Fault lines are widening between economic performance of nations and a global body warns Australia risks being left behind if it fails to improve productivity.

EU grants Ukraine member talks but can't agree on aid

EU grants Ukraine member talks but can't agree on aid

EU grants Ukraine member talks but can't agree on aid

EU grants Ukraine member talks but can't agree on aid

European Union leaders have made a historic decision to open membership talks with Ukraine but opposition from Hungary has stymied a package of financial aid.

Late switch leads to new top economic adviser

Late switch leads to new top economic adviser

Late switch leads to new top economic adviser

Late switch leads to new top economic adviser

The Albanese government has appointed Grattan Institute boss and experienced economist Danielle Wood as chair of the Productivity Commission.

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