RBA keeps rates on hold, warns a cut could be some time off
The RBA has held its nerve amid wild market swings and grim economic forecasts.
Stuart Marsh has been a journalist for a decade covering everything from economics to breaking news and men's lifestyle.
In March 2017, Stuart became the youngest-ever editor of 9Finance, having previously worked for nine.com.au's health and fitness site 9Coach.
Stuart took 9Finance from the fifth most-read digital business site to the second, according to Nielsen's digital ratings. Despite being a one-man team, 9Finance once boasted more readers than The Australian Business Review, The Guardian's business section and the Herald Sun's business coverage.
For this he was named Mumbrella's Under 30 High Achiever for 2018.
Stuart currently writes for 9News.com.au, focusing on consumer, business and finance stories.
The RBA has held its nerve amid wild market swings and grim economic forecasts.
New data from the Australian Bureau of Statistics (ABS) showed the consumer price index rose 1.0 per cent in the June 2024 quarter and 3.8 per cent annually.
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The decision comes despite economic data showing inflation is decreasing faster than expected.
Anthony Albanese said the changes will mean the average Australian will receive a tax cut of more than $1500 a year.
Unemployment has remained flat despite employment dropping by 65,000 people.
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The unemployment rate rose to 3.9 per cent as more people seek work.
The national GDP has come in less than expected in new data from the Australian Bureau of Statistics.
The Reserve Bank of Australia (RBA) has kept interest rates on hold in December, sparing borrowers of a sixth interest rate rise in 2023.
Inflation in Australia is easing faster than many expected as the economy cools in the wake of 13 interest rate increases since May 2022.
The unemployment rate increased by 0.2 percentage points to 3.7 per cent in October (seasonally adjusted), according to data released today by the Australian Bureau of Statistics (ABS).
Australian wages have recorded the largest quarterly growth in the 26-year history of the Wage Price Index, but still remain below the level of inflation.
The Reserve Bank of Australia (RBA) has hit borrowers with a timely Melbourne Cup Day interest rate rise, choosing to lift the nation's cash rate target by 25 basis points.
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The Reserve Bank of Australia (RBA) has kept the nation's interest rates on hold, but experts have warned borrowers not to breathe a sigh of relief yet.
New data from the Australian Bureau of Statistics (ABS) shows strong increases in the cost of housing and fuel contributed to the minor bump, up from 4.9 per cent the month prior.
The number of Australians participating in the workforce has hit a record high.
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The airline has posted its first full-year profit since the pandemic, pledging to invest more in a better experience for customers.
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Combined the networks of the two airlines cover routes between Australia, Europe, Asia, the Middle East and Africa.
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Australia's unemployment rate has increased above expectations as the nation's economy cools, further improving the case for the RBA to keep interest rates steady.
Pausing rates for a second month running, the central bank said it was closely watching a slowing rate of inflation and an easing of consumer spending.
The effects of a dozen interest rate hikes since May 2022 are taking hold as Australia enters a period of 'disinflation'.
New data from the Australian Bureau of Statistics (ABS) showed that in June, the number of employed Australians increased by 33,000 people.
Michele Bullock has been named as the next governor of the Reserve Bank of Australia (RBA), to replace outgoing chief Philip Lowe when his term ends on September 17.
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The Reserve Bank of Australia (RBA) has left interest rates on hold at 4.1 per cent, but has warned that more hikes will be needed to contain inflation.
The surprise result puts the expectation of a near-inevitable interest rate hike next month in doubt.
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The Reserve Bank of Australia has delivered a shock 12th rate hike since May last year, deciding to lift interest rates in a bid to tackle persistently high inflation.
The shock rise in defiance of market expectations is fuelling fears of another rate hike next week.
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Qantas has announced that Vanessa Hudson will become the airline's new CEO when current chief Alan Joyce retires from the role in November 2023.
New data from the Australian Bureau of Statistics (ABS) showed that headline inflation rose by 1.4 per cent in the March quarter, and by 7 per cent on an annual basis.
New data from the Australian Bureau of Satistics (ABS) showed that in March 2023 around 53,000 Australian found jobs.
Millions of borrowers around the nation have been offered a temporary reprieve after the central bank pressed pause on rate hikes.