Australian economy
Chance of rate rise for Melbourne Cup Day increases as inflation rises
Higher-than-expected inflation through the September quarter, driven by petrol, rents and insurance, have lifted the chances of another interest rate rise.
- by Shane Wright and Rachel Clun
Latest
Borrowers beware: RBA warns of further rate rises
Reserve Bank governor Michele Bullock has flagged that more rate rises may be needed, as a growing number of borrowers struggle to make ends meet.
- by Shane Wright and Rachel Clun
Editorial
For subscribers
Joe Hockey has a point about spending. It’s a shame he’s a bad salesman
Joe Hockey’s tenure as treasurer is widely viewed as a disaster. But that doesn’t mean his warnings on government spending are wrong.
- The Herald's View
Joe Hockey says entitled politicians are a cancer on the community
The former treasurer returned to the London think tank where he gave his infamous End of the Age of Entitlement speech, to declare that the problem had worsened a decade on.
- by Latika Bourke
$128 billion – the cost of gender inequality in Australia
A report into economic equality commissioned by the federal government shows the country is $128 billion poorer from not including women properly.
- by Shane Wright
Full-time jobs fall as interest rates start to bite
The nation’s jobless rate edged down in September, but full-time jobs are also falling in a sign that high interest rates are starting to bite.
- by Shane Wright
Odds of Melbourne Cup Day rate rise shorten
Minutes of the Reserve Bank’s most recent meeting show it is worried inflation won’t come down fast enough without more interest rate pain.
- by Shane Wright and Rachel Clun
Opinion
For subscribers
Struggling with rising prices? Time to remember why you hate economists
Although the politics of “doing something” to help Australians deal with rising prices are good, the economics are bad. Here’s why.
- by Chris Richardson
Opinion
GDP
Why our standard of living will be rising more slowly
The likelihood is the economy will be growing more slowly from now on.
- by Ross Gittins
Population surge could keep rates higher for longer, leading economist warns
Australia’s population swelled by 563,000 in 12 months. Those extra people are putting pressure on inflation and could force interest rates to stay high.
- by Shane Wright
Rates are working as retailers cut prices to woo shoppers: RBA
Reserve Bank assistant governor Christopher Kent has used a speech to argue there are growing signs the bank’s high interest rates are working.
- by Shane Wright