Economy

The central bank’s rate hikes appear to be working as intended to mitigate inflation, CreditorWatch’s chief economist has said.

The income needed to service new mortgages on the average dwelling value has increased year on year, a new report has found.

The newly appointed deputy governor of Australia’s central bank has more than 30 years of experience with the Bank of England.

Following the Women in Finance Summit and Awards 2023, we’re catching up with some of the leading women in the financial services space.

Following the RBA governor’s speech where she has said inflation was “increasingly homegrown”, economists are undecided on further rate increases.

Cost-of-living pressures are affecting Australians of every age and occupation. New research, though, has exposed the disproportionate costs for the retirement age population.

Increasingly persistent inflation has stood as the central cause behind the RBA’s rate hike, the November monetary policy minutes have revealed.

Following the Women in Finance Summit and Awards 2023, we’re catching up with some of the leading women in the financial services space.

Australia’s labour market continues to remain tight, returning to levels seen in previous months, the ABS has found.

The highest quarterly growth in the WPI will likely not draw any concern from the central bank, the major bank has said.