Poppy Johnston (AAP)
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No change in interest rates at Bullock’s first meeting
Stretched borrowers have been spared further mortgage pain with the Reserve Bank board leaving interest rates on hold at 4.1 per cent. The October decision marks the fourth month on …
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High fuel prices to flow through to inflation print
Inflation has come off its highs but the road back down is proving bumpy. A jump in petrol prices is expected to show up in the monthly consumer prices index …
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Costs and wary consumers driving businesses to the wall
Consumers are tightening their belts and some businesses are starting to feel it. The average value for invoices, an indicator of business-to-business trade measured by CreditorWatch, has sunk to its lowest …
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Housing crisis a ‘serious’ problem: RBA boss
Better housing policy, a bigger role for government in keeping the economy in good health, and less “vitriol, personal attacks and clickbait” in the public sphere have all made Reserve …
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Reserve Bank keeps rates on hold for third month in row
Interest rates have been left untouched at 4.1 per cent in September in welcome news for borrowers. The Reserve Bank of Australia has stayed on the sidelines for the third …
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AI to rapidly disrupt Australian economy: Deloitte
Roughly a quarter of the Australian economy will be hit hard and fast by generative artificial intelligence (GAI) disruption as highlighted in a report by top economists. Finance, ICT and …
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Job seekers skipping meals, cutting heat as prices rise
Rising prices are leaving many Australians on income support payments with no choice but to skip meals and cut back on heating to make ends meet. Nearly three-quarters of Australians …
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Pharmacists shelve medicines campaign as talks begin
A peak pharmacy body has shelved its campaign against 60-day medicine dispensing and agreed to talks to iron out an agreement that will not jeopardise the viability of local pharmacies. …
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Bank boss says renters tightening their belts the most
Renters are tightening their belts even more than mortgage holders. Commonwealth Bank data suggests those aged between 25 and 29, who are likely facing sharp rental increases, are pulling back …
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‘Unfair’ super law costing young workers thousands
Hundreds of thousands of young workers are missing out on super from their employers because of a rule that bars them from automatic contributions. Under the law, under-18 workers are …