Economists to pore over jobs data, Reserve Bank minutes
15 October
Unemployment data will give the Reserve Bank an idea of how its interest rate hikes are affecting Australia’s economy, as a readout of its last meeting informs economists of its thinking.The Reserve Bank’s decision to raise the cash rate to 4.6...[Read More]
Trust tax set for inquiry as businesses question costs
15 October
Businesses will get a chance to air their grievances over Labor’s proposed tax on discretionary trusts, which they warn could set them back billions of dollars in restructuring costs.In a bid to placate the business community by offering a...[Read More]
Housing supply must be fixed ‘hard way’, not with caps
15 October
Homes are likely to keep getting cheaper for about a year, but the downturn in house prices has not been replicated in rentals.Property prices are tipped to fall between eight and 11 per cent from their March peak and will only start to recover by...[Read More]
AI race sets up showdown for middle and global powers
1 October
Anthony Albanese’s face-to-face meeting with Donald Trump in New York during the UN General Assembly was fleeting.The prime minister was at the UN headquarters when the US president gave an almost 40-minute speech in which he threatened to...[Read More]
Debt concerns: treasurer’s era of cheap-money ending
30 September
Because everyone wants your money, you can charge them more for it.That’s the issue facing governments forced to pay investors more for borrowing cash in the form of bonds.The eye-watering sums being raised by artificial intelligence...[Read More]
Labour pains: jobs market too hot for inflation fight
24 September
Australia’s unemployment rate probably needs to edge a little higher to help get inflation back under control, Reserve Bank governor Michele Bullock says.Prefacing her remarks by saying the RBA does not want to see high unemployment, Ms Bullock...[Read More]
Albanese to advocate AI slowdown calls to Trump at UN
24 September
Anthony Albanese will make the case to Donald Trump for more guardrails to be placed on AI, ahead of a potential meeting with the US president on the sidelines of the United Nations.The prime minister will be in New York for the UN General Assembly,...[Read More]
Iran and iPhones add to Reserve Bank’s inflation pickle
17 September
The rising cost of oil and iPhones is concerning the Reserve Bank of Australia as it approaches a crucial interest rate decision, the central bank’s chief economist says.
With rising inflation pressures from the Middle East and more broadly around...[Read More]
AI boom forecast as Australia’s biggest bonanza yet
10 September
The adoption of artificial intelligence is rocketing in Australia, creating massive demand for infrastructure that will deliver jobs and economic benefits.
The nation was at the “cusp of a data centre boom”, Oxford Economics head of economics...[Read More]
Blanket bans on AI could cause ‘data centre panic’
3 September
One-size-fits-all restrictions on how artificial intelligence data centres are powered could send investment in the growing technology overseas, business groups warn.In a submission to a Senate inquiry into AI data centres, the Australian Chamber of...[Read More]
Treasury tips AI as key driver of productivity growth
3 September
Artificial intelligence could be the ticket out of stunted economic growth while risking the future of increasingly high-skilled jobs, according to Treasury advice.In a brief handed to the treasurer, AI has been characterised as a tool which could...[Read More]
Foreign property purchases fall as home buyer ban bites
26 August
Purchases of Australian property by overseas investors have plunged after the government announced a ban on foreigners buying Australian homes.The number of investment approvals fell by more than 22 per cent to 5284 in 2024/25, the Productivity...[Read More]
‘Build resilience’: refinery touted but discount to end
29 July
Australia’s fuel security could soon be bolstered by a new refinery, but questions have been raised about the business case for the facility.
Prime Minister Anthony Albanese announced plans to look into building Australia’s third oil refinery in...[Read More]
Jobs data tops economic agenda as Iran war re-escalates
23 July
Jobs data is expected to show ongoing resilience in Australia’s labour market but renewed conflict in the Middle East could bring more bad news for the domestic economy.
The unemployment rate is expected to hold steady at 4.4 per cent in June...[Read More]
More tax cuts for workers would keep the budget in deficit beyond the next decade, the agency that assesses the nation’s finances warns.
The outlook for the federal budget has improved over the past year, despite economic headwinds from the Middle...[Read More]
