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Latest news: Macro Economics

Sliding inflation builds hopes of interest rate cut

Sliding inflation builds hopes of interest rate cut

Another interest rate cut is firmly on the table with analysts expecting the Reserve Bank to seriously consider the move on the back of fresh inflation data.

Coalition, Labor miss the mark on $347b spending claim

Coalition, Labor miss the mark on $347b spending claim

Coalition, Labor miss the mark on $347b spending claim

Coalition, Labor miss the mark on $347b spending claim

The opposition's claim Labor has added $350 billion in spending omits the impact of inflation, while Labor's response misconstrues the coalition's planned cuts.

Underlying inflation up but good news on housing, rents

Underlying inflation up but good news on housing, rents

Underlying inflation up but good news on housing, rents

Underlying inflation up but good news on housing, rents

Fresh inflation figures should help convince the Reserve Bank to cut rates again in May, despite a slight uptick in underlying price growth, economists say.

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Ballooning capital works blamed for budget blowout

Ballooning capital works blamed for budget blowout

A state will be in the red for some years as its government flags swelling infrastructure costs, as the opposition warns of the risk of potential spending cuts.

Australia's bullet-proof jobs market put to the test

Australia's bullet-proof jobs market put to the test

Even with restrictive interest rate settings and inflation battering the economy, Australia's labour market has proved surprisingly resilient.

RBA says rate cuts coming soon, IMF warns on inflation

RBA says rate cuts coming soon, IMF warns on inflation

The Reserve Bank's interest rate settings are appropriate but the battle against inflation is not yet won, a check-up of Australia's economic health has found.

RBA set to hold rates steady at final meeting of 2024

RBA set to hold rates steady at final meeting of 2024

No change in interest rates is anticipated at the Reserve Bank of Australia's last board meeting of the calendar year.

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Top bank chief reveals why rates are still on hold

Top bank chief reveals why rates are still on hold

Top bank chief reveals why rates are still on hold

Top bank chief reveals why rates are still on hold

Australia's top central banker reveals why she still hasn't pulled the trigger on interest rate cuts despite similar countries already taking action.

'Surprise' budget windfalls drying up, economists warn

'Surprise' budget windfalls drying up, economists warn

'Surprise' budget windfalls drying up, economists warn

'Surprise' budget windfalls drying up, economists warn

Australia's budget fortunes are shifting, with Deloitte Access Economics predicting a deeper deficit than predicted in the May budget.

Financial watchdog warns of structural budget problems

Financial watchdog warns of structural budget problems

Financial watchdog warns of structural budget problems

Financial watchdog warns of structural budget problems

Almost one of every $10 raised by the Victorian government is set to be spent paying down debt within four years as interest expenses explode.

'No doubt' inflation is moderating: finance minister

'No doubt' inflation is moderating: finance minister

'No doubt' inflation is moderating: finance minister

'No doubt' inflation is moderating: finance minister

Much is riding on quarterly inflation data out next week as Australia's slow progress by international standards has Labor defending its economic record.

Hey big Spender: teal MP wants consumption tax re-think

Hey big Spender: teal MP wants consumption tax re-think

Hey big Spender: teal MP wants consumption tax re-think

Hey big Spender: teal MP wants consumption tax re-think

The tax system should be made fairer for young people by lowering income tax, reducing concessions and raising consumption taxes, teal MP Allegra Spender says.

Slow economic growth set to continue into 2025

Slow economic growth set to continue into 2025

Slow economic growth set to continue into 2025

Slow economic growth set to continue into 2025

While there may be a slow uptick in economic growth in the near future, it will remain subdued into the 2025, a survey has predicted.

Stage three tax cut spending spree yet to surface

Stage three tax cut spending spree yet to surface

Stage three tax cut spending spree yet to surface

Stage three tax cut spending spree yet to surface

Fans splashed out on footy finals in an otherwise slow month for consumer spending, which is yet to show a bounce from tax cuts that came into effect in July.

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Bigger budget surplus not 'an end in itself'

Treasurer Jim Chalmers says a better-than-expected $15.8 billion budget surplus doesn't mean cost-of-living measures have been forgotten.

Retail sales to show economy continues to sputter along

The Australian economy should show further signs of modest growth in upcoming retail trade figures but investors will be more interested in US jobs data.

RBA governor warns rate cuts not on near-term agenda

The Reserve Bank of Australia has kept interest rates steady and tempered expectations of imminent cuts, warning inflation remains "too high".

Food charity cupboards bare amid cost-of-living crisis

Inflationary pressures are pushing more Australians into food relief queues, with businesses unable to pick up the slack as donations dive.

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As Canada cuts rates, RBA doves come home to roost

After hitting inflation hard and early, the Bank of Canada is already cutting rates while their dovish Australian counterparts contemplate another rate hike.

No budget 'cash splash' as inflation still main game

Treasurer Jim Chalmers has managed expectations for cost of living relief ahead of the May budget and played down the possibility of a sizeable second surplus.

Coles faces competitive pressure from online retailers

The head of one of Australia's two big supermarkets says the sector is becoming increasingly competitive and online retailers are part of the story.

WA ranked first, Vic last on economic performance: IPA

A new report has ranked states on their performance across 10 economic indicators, crowning WA as the nation's best performer while Victoria came last.

Economy unlikely to have contracted but growth muted

The Australian economy looks to have narrowly missed a quarter in decline based on economic indicators released ahead of official growth figures.

Home price upswing not 'typical recipe' for rate cuts

Confidence may be returning to the housing market due to rate cut speculation but one economist says rising home values could keep the Reserve Bank wary.

Advocates call for end to compulsory income management

A senate inquiry into poverty has heard from a range of First Nations representatives about how Indigenous people are frequently excluded by the system.

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