Interest rate increase: The public needs to understand Australia's economic challenge
Australia’s recovery is a solid one. But a search for villains or a culture of entitlement is no substitute for a shot of productivity growth.
Stay updated with breaking news from John Kehoe. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Australia’s recovery is a solid one. But a search for villains or a culture of entitlement is no substitute for a shot of productivity growth.
WATCH LIVE: Anthony Albanese is holding a press conference; Mark Dreyfus said federal ICAC will be able to probe pork-barrelling. Follow updates here.
The RBA will hike by 25 basis points tomorrow, according to the Australian Financial Review's economics editor, John Kehoe, bringing the target overnight cash rate to 60bps. Kehoe further asserts that the RBA will continue in 25bps increments until it reaches 110bps in August, following which it will reassess....
Labor MP Bill Shorten said Australia will not take a “backward step” in protecting against China; Australia’s gas price crisis will stoke inflation and crimp economic growth if it drags on, according to a snap poll of economists. Follow updates here.
Labor’s sham election slogan of a “better future” has been quickly switched into one of an economic crisis that means that workers must accept “sacrifices.”