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Latest news: Economy

Why some economists go against the flow on RBA rate bet

Why some economists go against the flow on RBA rate bet

The Reserve Bank is widely tipped to become the first major central bank on Tuesday to U-turn from rate cuts to rate hikes in the post-COVID inflation era.

Households could get paid under plan to price pollution

Households could get paid under plan to price pollution

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.

Aussie dollar breaks barrier as greenback loses shine

Aussie dollar breaks barrier as greenback loses shine

Aussie dollar breaks barrier as greenback loses shine

Aussie dollar breaks barrier as greenback loses shine

Australians travelling to the US are celebrating after the dollar broke through a key mark against the greenback for the first since early 2023.

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Rate rise pain all but certain after inflation shock

Rate rise pain all but certain after inflation shock

Hotter-than-expected inflation figures have convinced analysts the Reserve Bank will lift rates as soon as next week, heaping pressure on mortgage holders.

Former politicians prosper in Australia Day honours

Former politicians prosper in Australia Day honours

For their service to educational equity, economic development and public health, ex-politicians have been bestowed some of the nation's highest honours.

All eyes on crucial data ahead of first RBA meeting

All eyes on crucial data ahead of first RBA meeting

Home owners will wait with baited breath for the Reserve Bank of Australia to hand down its cash rate decision after the release of inflation figures.

Capital city rents hit record highs apart from one

Capital city rents hit record highs apart from one

All but one Australian capital has yielded annual growth in rents, but experts expect that city to be a star performer in the long-term.

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Forget quiet quitting: job-hugging tipped as top trend

Forget quiet quitting: job-hugging tipped as top trend

Forget quiet quitting: job-hugging tipped as top trend

Forget quiet quitting: job-hugging tipped as top trend

Fewer Australians are expected to seek fresh employment as the market becomes tighter and artificial intelligence technology creates uncertainty.

Rate hike 'risks hurting' fragile consumer sentiment

Rate hike 'risks hurting' fragile consumer sentiment

Rate hike 'risks hurting' fragile consumer sentiment

Rate hike 'risks hurting' fragile consumer sentiment

A fresh survey of Australian consumer sentiment doesn't make for encouraging reading as the central bank weighs lifting the cash rate at its next meeting.

Robust jobs market risks adding fuel to inflation fire

Robust jobs market risks adding fuel to inflation fire

Robust jobs market risks adding fuel to inflation fire

Robust jobs market risks adding fuel to inflation fire

Australia's labour market remains tight, with limited spare capacity keeping pressure on already-high inflation and shortening the odds of interest rate hikes.

US oversight of Venezuela could last years, Trump says

US oversight of Venezuela could last years, Trump says

US oversight of Venezuela could last years, Trump says

US oversight of Venezuela could last years, Trump says

President Donald Trump promises to rebuild Venezuela "in a very profitable way" after ordering its leader's capture but won't say how long US oversight will be.

AI continues to disrupt your career prospects

AI continues to disrupt your career prospects

AI continues to disrupt your career prospects

AI continues to disrupt your career prospects

Artificial intelligence is expected to transform employment even more in 2026, both in specialised roles and as an added skill in others.

Rates hike still on the table despite softer inflation

Rates hike still on the table despite softer inflation

Rates hike still on the table despite softer inflation

Rates hike still on the table despite softer inflation

A sharper-than-expected fall in inflation will encourage the Reserve Bank of Australia, but underlying price growth remains too hot for comfort.

'Rioters' must be put in their place, Iran leader says

'Rioters' must be put in their place, Iran leader says

'Rioters' must be put in their place, Iran leader says

'Rioters' must be put in their place, Iran leader says

Iran’s supreme leader has addressed protests sparked by the ailing economy, insisting “rioters must be put in their place” as the death toll rises to 10.

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Trump touts victories amid sinking approval ratings

US President Donald Trump has delivered a partisan speech on TV seeking to pin the blame for economic challenges on Democrats.

Dodgy darts more prevalent than legal cigs in Australia

Illicit tobacco is blowing a hole in Australian lungs and the federal budget, with up to $11.8 billion in foregone revenue each year due to excessive excises.

Six figures or out: income needed for typical rental

To be able to afford rent for a typical house, Australians need to be earning 51 per cent more than they did before the pandemic.

'Difficult decision' on energy bill relief payments

Australian households and businesses are going to miss out on further energy bill relief, after a decision was made for the rebate to finish by the year's end.

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Budgets blow out as health and interest payments boom

Worsening budget sustainability has been confirmed by an independent parliamentary report that forecasts overall government debt to continue swelling.

Call to examine 'perverse' excise fuelling illegal cigs

Nationals leader David Littleproud says parliament needs to take a "courageous look" at the tobacco excise amid a surge in black market sales.

Nearly two in five Aussies fear retirement out of reach

A startling number of Australians are worried about their retirement prospects, and many fear they won't be able to retire at all, according to a study.

Shoppers tap credit to fund record Black Friday sales

Despite inflation pummelling hopes of more interest rate cuts, Australians are spending as much as ever in major sales and increasingly using debt to do so.

'Ruthless' state plan to capitalise on AI revolution

A state has hatched an plan to reap the economic benefits of the looming boom in artificial intelligence.

Inflation surges as energy rebates run out of gas

Lower energy rebates and higher housing costs than a year ago have propelled the headline inflation rate to its highest level in 16 months.

Study reveals why Peter Dutton lost the last election

A study has revealed Labor had inched ahead of the coalition on a key measure which handed Anthony Albanese a historic majority in federal parliament.

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