Cash flow and Philip Lowe: Sydney’s Burger Head shares candid reasons behind restaurant closures
Sydney restaurant chain Burger Head has delivered an unvarnished view of life in the hospitality business, using a series of public posts to explain the "devastating" decision to close its remaining brick and mortar stores.
Cash rate hits 3.35% as RBA signals more hikes to come this year
The latest 0.25 percentage point rise adds $90 a month to a $600,000 variable mortgage.
Report reveals extent of real-time payments debacle as RBA apologises for outage
The Reserve Bank of Australia has lifted the lid on a crippling outage that halted transactions flowing through the New Payments Platform in mid-October.
RBA says inflation will peak at 8% by the end of 2022
Reserve Bank governor Philip Lowe also says inflation will hover above 3% in two years.
Reserve Bank of Australia issues Melbourne Cup day cash rate hike as inflation bursts out of the gate
One favourite has already come good on Melbourne Cup day after the Reserve Bank of Australia raised its cash rate target 25 basis points to 2.85%.
RBA issues 0.25% cash rate hike, undercutting market predictions on its crusade against inflation
The Reserve Bank of Australia today lifted the cash rate target 0.25% to 2.6%, undercutting market predictions of a sharper 0.5% hike and signalling a slowdown of the central bank's inflation-busting strategy.
From Kath Day-Knight to a can of VB: All the weird and wacky suggestions for our new $5 note
Which iconic Australian would be worthy of a feature on the $5 note, if not King Charles? Have your say in our poll.
RBA hikes cash rate to 2.35%, marking a record five months in a row of increases
The Reserve Bank of Australia has declared it will increase the cash rate target for a fifth time by 50 basis points to 2.35%, following its monthly meeting this afternoon.
Interest rates will keep rising because the Reserve Bank is scared it can’t contain inflation
Why did the Reserve Bank just hike its cash rate by an out-sized 0.50 percentage points for the third consecutive month, taking it to 1.85%? Partly because it knows what is to come.
Rising corporate profits biggest factor in Australia’s surging inflation, report finds
Profits, not wages, are the main driving force behind inflation, according to a new report that throws light on major companies posting big profits while passing on higher prices to customers.
The unemployment rate is now just 3.5%, the lowest reading since 1974
The Australian Bureau of Statistics says the economy added some 88,400 jobs over June, while the number of unemployed people fell by 54,300.
Adam Schwab: How Philip Lowe’s failures could help send Australia into a recession
Inflation and rising interest rates are pushing Australia towards a likely recession. And on the list of culprits, RBA governor Philip Lowe is very near the top.
