Inflation Hits 4.2% After Energy Rebates End
Australia's inflation rate jumps to 4.2% as government energy bill relief expires, putting pressure on household budgets and the Reserve Bank.
Australia's inflation rate jumps to 4.2% as government energy bill relief expires, putting pressure on household budgets and the Reserve Bank.
ANZ CEO Shayne Elliott pressures the Albanese government to address Australia's economic struggles, highlighting inflation and productivity concerns. Read the full analysis.
RBA November minutes reveal Michele Bullock's board is prepared to keep interest rates on hold for months to combat persistent inflation. Get the latest economic update.
Wesfarmers faces massive market retreat as soaring inflation and interest rate concerns wipe out billions in value from Australia's retail giant, signalling tough times ahead for consumers.
The Reserve Bank of Australia keeps cash rate at 4.35% for eighth consecutive meeting, with economists predicting no cuts until next year amid persistent inflation pressures.
The Albanese government faces mounting pressure to deliver concrete economic solutions as Australians grapple with cost-of-living pressures and business confidence wavers.
The Reserve Bank of Australia maintains its cash rate at 4.35% for the fifth consecutive meeting, balancing stubborn inflation against economic growth concerns. Find out what this means for your wallet and the economy.
The Reserve Bank of Australia has kept interest rates on hold at 4.35% in its Melbourne Cup Day meeting, extending financial pain for homeowners while offering cautious optimism about inflation.