Economy

The RBA governor has remained resolute in the board’s monetary policy decisions thus far, maintaining that the economy is still on the path towards the inflation target range.

The Reserve Bank has made the decision to hold the official cash rate to close out 2024.

The housing market may finally be seeing some easing of pressure as yearly inflation saw minimal growth.

Economists expect today’s (27 November) monthly CPI print to return still within the RBA’s target range of 2–3 per cent.

Two major banks have pushed back the timeline for the first rate cut.

After witnessing some positive trends in the offset of COVID-19, business failures across the country have picked up again.

With GDP growth at just 0.2 per cent as of the June quarter of 2024, small and medium-sized enterprises (SMEs) are presented with a crucial decision: should they expand or hold back?

The RBA minutes for the November meeting revealed that members recognised the importance of flexibility in monetary policy as economic conditions change.

Australia’s unemployment rate has held steady for the third month in a row.

The latest data has shown a slight uptick in wages over the September quarter. However, it’s below expectations and some of the lowest gains we’ve seen in a couple of years.