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.
What is the effect of rising mortgage payments in Australia, and which suburbs are hurting the most?
As long as the RBA continues to hike interest rates, mortgage payments will rise. We take a look at which areas of the country are most affected.
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.
“Hard economic landing”: Builders urge RBA to take its time on another interest rate hike as construction faces the brink
The construction industry is weighing the need to combat inflation against the likelihood rising interest rates will deter new home buyers.
As interest rates rise, here are proactive steps your business can take to improve the situation
The action your business should take in response to increasing interest rates depends on whether you have cash or debt.
The RBA was slow to cut interest rates pre-COVID, and it may have cost 270,000 jobs
Research found that between 2016 and 2019 the RBA dramatically under-performed in achieving its two key goals of full employment and price stability.
A recession isn’t “imminent”, US Treasury chief says, as the Australian market watches on
There is no guarantee America will lean into a recession, the nation's Treasury Secretary Janet Yellen says, as spiking inflation and dwindling consumer confidence stoke fears of a broad-scale downturn.
Inflation to peak at 7% by year end before easing: RBA Governor Philip Lowe
The governor of the Reserve Bank of Australia (RBA) has predicted headline inflation is likely to hit highs of 7% and peak by the end of the year.
Interest rate rises: What’s happening, and what could be next?
If you want to know what the Reserve Bank will be watching to work out how fast to slam on the economic brakes, here's a helpful guide.
Why the RBA won’t continue to raise rates at the level the market expects
The RBA, in a nod to homeowners concerned about continual rate hikes, said it expected inflation to climb just a bit more before declining back towards its target next year.
RBA hikes cash rate by 50 basis points, Chalmers flags “cost of living package” in October budget
The Reserve Bank of Australia has increased the cash rate by 50 basis points, bringing it up to 85 basis points or 0.85%.
RBA tipped to increase cash rate tomorrow by 0.25%
While some market economists are forecasting a 40 basis point increase, most are expecting a 0.25% increase to the cash rate from the Reserve Bank tomorrow.
