Page 2 - Ivan Colhoun News Today

Michele Bullock faces a slow economy and the job of overhauling the RBA when she becomes the first woman to head the bank, as economists tip rate cuts in 2024.

The global economy is struggling to deal with the overlap from many different

While inflation around the world is expected to have slowed last month, the market expects more tightening from central banks.

For a year, Reserve Bank of Australia Governor Philip Lowe has been talking of successfully navigating a narrow path to lower inflation while keeping unemployment near 50-year lows

The risk of Australia's economy slipping into recession has risen sharply, after the central bank surprised markets this week by raising rates and warned it could tighten again to tamp down on high inflation even at the cost of preserving jobs.

Australia employment unexpectedly dipped in April after two months of outsized gains, and the jobless rate also ticked up in a sign the red-hot labour market might be cooling, bolstering the case for... | May 17, 2023

Australian shares are set to fall slightly as investors absorbed the implications of a federal budget that has had to walk the line between addressing the cost-of-living crisis and fuelling inflation.

The S&P/ASX 200 Index dropped 0.5 per cent to 7291.3 points. Magellan Financial Group fell 3.3 per cent to $9.20 and St Barbara dropped 8.8 per cent to 62.5¢.

The Reserve Bank of Australia announced an eighth straight increase in the official interest rate after its final meeting for 2022, delivering an unwelcome quarter-point rise.

Some economists updated their outlook for interest rates after the Reserve Bank said it would continue to lift rates.