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- Updated
- Interest rates
Chalmers’ rebates not helping inflation, RBA warns
Federal and state government energy bill subsidies will not help get inflation under control, and big-spending public sector budgets are making it worse, the bank says.
- Updated
- Michael Read
Cannon-Brookes, Turnbull-backed solar maker cuts staff, replaces CEO
SunDrive, which also counts Blackbird as an investor, is restructuring its business at the same time as it courts global partners to expand its operations.
- Ben Potter
Inflation to linger until 2026, RBA warns
A surge in state and federal government spending means inflation won’t return to the RBA’s target band until December 2026, later than previously forecast.
- Michael Read
- Updated
- Interest rates
No rate cuts before Christmas, says RBA governor
Michele Bullock has declared “near-term interest rate cuts are not on the agenda”, warning the economy remained too hot and ruling out decreasing the cash rate before Christmas.
- Michael Read
‘Wildly bizarre’: Qld Labor’s petrol price pledge panned
Queensland’s extraordinary bid to open publicly owned petrol stations was panned by industry and economists.
- James Hall and Angela Macdonald-Smith
- Exclusive
- Agriculture
Farmers cottoning on to threat to $4.2b industry
Cotton exports have nearly doubled recently but an increased threat from diseases has threatened to wipe-out crops.
- James Hall
Opinion & Analysis
The big risk in Kamala Harris’ surprise choice for VP
Tim Walz’s down-to-earth language was transformed into the equivalent of a political magic wand, but there’s a risk in overlooking Josh Shapiro in the must-win swing state of Pennsylvania.
Columnist
The RBA is not failing in its mission to keep inflation under control
Readers’ letters on the Reserve Bank and interest rates; bans on uranium mining; the future of a republic; smoke and mirrors in Victoria; challenges for private health companies; and marvellous maggots.
Contributor
Populist surge makes it essential to spread gains of migration
Conflict over migration is now breaking out into the open in Western nations. But excessive limits would have a high cost too.
Columnist
Future Made in Australia is already running off the rails
The Albanese government has fallen into the trap of trying to achieve political wins at high economic cost. And nobody is stopping them.
Economics editor
More From Today
- Opinion
- Kamala Harris
The big risk in Kamala Harris’ surprise choice for VP
Tim Walz’s down-to-earth language was transformed into the equivalent of a political magic wand, but there’s a risk in overlooking Josh Shapiro in the must-win swing state of Pennsylvania.
- Jennifer Hewett
- Opinion
- Letters to the Editor
The RBA is not failing in its mission to keep inflation under control
Readers’ letters on the Reserve Bank and interest rates; bans on uranium mining; the future of a republic; smoke and mirrors in Victoria; challenges for private health companies; and marvellous maggots.
- Opinion
- Immigration
Populist surge makes it essential to spread gains of migration
Conflict over migration is now breaking out into the open in Western nations. But excessive limits would have a high cost too.
- Tanveer Ahmed
- Opinion
- Australian economy
Future Made in Australia is already running off the rails
The Albanese government has fallen into the trap of trying to achieve political wins at high economic cost. And nobody is stopping them.
- John Kehoe
Yesterday
- Opinion
- The AFR View
RBA holds prudent course on rates and inflation
Australia’s central bank is rightly refusing to take the soft option that would risk forcing it to confront less palatable choices later. The political debate needs to face up to this.
- The AFR View
- Opinion
- RBA
RBA warns rate cuts are a no-go this year
Why interest rates won’t come down this year after all. They might even go up.
- Jennifer Hewett
- Opinion
- Interest rates
Bullock talks tough, but board can’t stomach raising rates
The RBA has squibbed again this month. With long-run credibility on the line, it needs to focus on getting inflation inside the target band.
- Richard Holden
- Opinion
- Interest rates
Rise in interest rates only narrowly avoided
A rate increase was closer than many had assumed at the RBA meeting, and a more hawkish-sounding Bullock said it “was a very serious consideration”.
- John Kehoe
- Opinion
- Interest rates
RBA at odds with the market and the world
A panicked market is convinced the central bank faced a simple choice to prepare for interest rate cuts. Its staffers clearly don’t see it that way as the bank laid out the case for increases.
- Jonathan Shapiro
This Month
- Opinion
- Interest rates
Markets mayhem jangles investor nerves
Why are markets are suddenly tumbling as sentiment turns down – and is this the start of something bigger?
- Jennifer Hewett
- Opinion
- The AFR View
Recession fears no reason for RBA rate cut
It remains a long bow to suggest the sell-off by rattled investors heralds a hard landing in the US economy and a global recession.
- The AFR View
- Updated
- Gas
Woodside’s $30b Browse LNG project faces EPA knockback threat
The recommendation is not final and could be reversed after further negotiations, but a final rejection would be a blow to Labor’s long-term gas strategy.
- Ben Potter, Tom Rabe and Brad Thompson
- Opinion
- Monetary policy
RBA must say no to the Recessionistas out there
The Reserve Bank is taking its dual mandate seriously and seems to be ignoring the incessant clamouring for another rise in the cash rate.
- Craig Emerson
US recession fears may give RBA confidence to cut sooner
A sudden deterioration in the US jobs market could give the Reserve Bank of Australia confidence that it’s done enough to slow the economy.
- Michael Read
AFR readers want RBA to hold, divided on saving Rex
Almost two-thirds of readers surveyed by The Australian Financial Review think the Reserve Bank of Australia should hold rates steady on Tuesday.
- Patrick Durkin
- Exclusive
- Productivity Commission
Chalmers makes Productivity Commission less productive
The government’s independent economic adviser has only one active inquiry, which former officials say is extremely low by historical standards.
- John Kehoe
ASX valuations mask grim reality of a softening economy
Sharemarket investors need to factor in that central banks cut interest rates when economies slow and profit growth splutters.
- Simon Evans
- Exclusive
- Weight loss
Ozempic maker wants taxpayer subsidy for new Wegovy drug
Danish pharmaceutical giant Novo Nordisk pulled in more than $600 million from Australia last year but reported just $17 million in profit here.
- Nick Bonyhady
- Opinion
- Interest rates
No smoking gun to lift rates, but RBA should still pull trigger
The underlying dynamics of the Australian economy are very different to the US. The cash rate is still too low to ensure inflation sustainably returns to target.
- Warren Hogan
- Exclusive
- Interest rates
Debt and deficits may cause financial crisis, RBA research boss warns
Investors could decide government debt is no longer a safe asset, causing financial calamity, RBA research boss John Simon has warned.
- Michael Read
