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The Guardian - Back to homeThe Guardian

Australian economy

17 August 2024

  • Reserve Bank of Australia governor Michele Bullock

    Australia’s productivity riddle – and what it might mean for interest rates

    Michele Bullock keeps telling us productivity is flatlining. How it changes may well determine if the Reserve Bank will tolerate wage rises beyond 3%

16 August 2024

  • Minister for Housing Clare O’Neil

    Australians are in chronic housing stress. Can Clare O’Neil fix it?

    Intifar Chowdhury
    Albanese may have recruited a better communicator, but without a sharper message the new housing minister might find herself outmanoeuvred

14 August 2024

  • A food delivery bike rider in Sydney

    Australia’s unemployment rate rises to 4.2% in July, even as employers add more than 58,000 jobs

    Latest data reported by the ABS dims chances of a near-term RBA interest rate cut
  • Greg Jericho

    Grogonomics
    The RBA and its critics claim Australia’s economy needs to be slowed down. But the data shows both are wrong

    Greg Jericho
    Treasurer Jim Chalmers is right to argue the economy is already slow enough
  • Residential housing in Hobart, Tasmania, Australia

    Australians’ mortgage payments hit high not seen since before GFC, data shows

    The average mortgage holder is parting with more than a fifth of their pre-tax income, double what they were spending in the 90s

13 August 2024

  • The Reserve Bank governor, Michele Bullock, said after the interest rate decision that an increase had been seriously discussed.

    The RBA poured cold water on an interest rate cut before Christmas – but its hawkish stance may make inflation even worse

    Nicki Hutley
  • Signage on a Commonwealth bank branch

    Commonwealth Bank records $9.8bn cash profit amid rising mortgage stress

  • The Parliament House building in Canberra

    Public sector wages increase at second fastest pace in 14 years, ABS data shows

  • Australian bank notes

    Inequality reporting
    The rich are getting richer: Australia’s wealth divide continues to widen

12 August 2024

  • Seek logo

    Seek reports ‘significant reduction’ in job advertisements amid Australian recession fears

  • A JB Hi-Fi store in Melbourne

    Payback time for consumers as retailers focus on discounts amid cost-of-living battle

9 August 2024

  • WA senator Linda Reynolds (pictured centre)

    Linda Reynolds defends actions following Brittany Higgins’ alleged rape - as it happened

    This blog is now closed.

8 August 2024

  • Bruce Lehrmann and Steven Whybrow leave the ACT supreme court in Canberra in October 2022

    Australia news live
    Senator reveals why text messages with barrister deleted – as it happened

  • Michele Bullock

    RBA ‘will not hesitate’ to raise interest rates again to combat inflation, Michele Bullock warns

7 August 2024

  • Lawyer Steven Whybrow and former Liberal staffer Bruce Lehmann leave the federal court in Sydney last December.

    Australia news live
    Court hears of messages between barrister and senator – as it happened

  • Commonwealth Bank

    Commonwealth Bank still predicts interest rate cut in 2024 as RBA defends keeping cash rate on hold

6 August 2024

  • An auction sign hangs outside a residential property for sale in the Paddington suburb of Sydney

    The RBA left interest rates on hold – but don’t get your hopes up for a cut any time soon

  • Liberal senator Linda Reynolds outside the WA supreme court last Friday.

    Higgins’ communications with fundraising page subpoenaed by Reynolds’ legal team – as it happened

  • The indicator boards are seen at the Australian Securities Exchange (ASX) in Sydney, Monday, August 5, 2024. The ASX has plummeted over fears of US recession, trading at its lowest single day since 2022. (AAP Image/Bianca De Marchi) NO ARCHIVING

    Australian share market bounces back to ease immediate concerns over meltdown

  • A for sale sign outside home

    Australian borrowers spared interest rate rise but RBA governor warns cut ‘not on the agenda’ in near term

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