Economy

The central bank continues to wait for the effects of its monetary policy tightening to be fully realised through the economy.

The ABS has released the latest unemployment rate data, revealing a resilient labour force that surpassed some forecasts from major bank economists.

A recent poll reported that three-quarters of mortgage holders say their health and relationships have been impacted by rising home payments.

With rapidly rising interest rates having slowed spending and inflation, consumers could expect cuts by March next year, according to lender economists.

Growth in the major bank’s annual HSI has slowed due to rising rates and is expected to continue into the new year.

While consumer sentiment among mortgage holders has increased, overall sentiment still sits at 30-year lows, Westpac has revealed.

Senior public servant Michael Carey has been selected to “play a pivotal part” in the state’s financial management.

After the RBA’s decision and recent GDP data, the major bank has said it believes a soft landing is possible.

The Australian Bureau of Statistics has released the June quarter national accounts.

The government has put forward a replacement candidate for chair of the Productivity Commission after the previously announced candidate turned down the job.