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Economy

Government unveils preference for PC chair

The federal cabinet has revealed whom it has recommended to take up the role of chair of the Productivity Commission.

Rent growth to slow as rates peak: CoreLogic

The current high level of rental growth is expected to ease next year, as interest rates come close to peaking and the supply of homes improves, according to CoreLogic.

Steady unemployment rate poses rate uncertainty: Economists

Australia’s unemployment rate holds steady, raising uncertainties over the Reserve Bank’s interest rate stance for August.

Rate hikes drive down home sales: HIA

New home sales have dropped nationally attributed to the steep rise in the cash rate over the past 14 months.

Mortgage costs weighed on RBA’s cash rate decision

Record-high mortgage payments were factored into the central bank’s decision to hold the cash rate.

Mortgage stress tipped to increase in late 2023: illion

New findings released by the credit bureau have raised concerns about the escalating financial stress levels on Australian households.

Treasury aims to fill RBA deputy governor spot ‘swiftly’

Jim Chalmers has said he aims to fill the deputy governor and a new assistant governor ‘relatively swiftly’ before the new governor takes over.

Great uncertainty around global interest rates: CBA

There is still significant uncertainty regarding the movements of interest rates around the world, according to Commonwealth Bank of Australia’s chief executive.

New RBA governor announced

The federal government has confirmed who will take over the reins as governor of the Reserve Bank of Australia following Philip Lowe’s departure in September.

Economist tips rate cut by mid-2024

A major bank’s economist remains “fairly optimistic” on the global outlook amid cost-of-living pressures faced by mortgage borrowers.

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