Peter Downes News Today

Governments are on track to loosen their budgets by $50 billion in the middle of an inflation crisis and rising interest rates.

After eight quarters in a row of falling real household incomes, Australians will have to wait until 2027 for living standards to recover to pre-pandemic levels.

The strategy behind the Reserve Bank’s new era of openness is full of risks, as markets and householders take the governor at her word.

Leading economists surveyed by The Australian Financial Review were asked to assess the performance of Treasurer Jim Chalmers and rate him out of 10.

Even as the pipeline of projects jumps after new climate change legislation, Australia is unlikely to meet its renewable energy target.

The Greens say banks received too much financial benefit from cheap pandemic era funding from the RBA, but governor Michele Bullock says it helped consumers.

The RBA has reported significant financial losses, now amounting to some $43 billion, resulting from its extraordinary pandemic stimulus measures. These...

The RBA’s huge financial losses from its pandemic stimulus measures have sunk its balance sheet deeper into negative equity.

There may be a pause in rates rises, but the RBA cannot fall too far behind the interest rate curve of other central banks.

Jim Chalmers may be considering following the playbook of his political hero, Paul Keating, and tapping an experienced Treasury official to lead the RBA.