At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.85 per cent. Inflation continues to moderate. Inflation has fallen […]
Category: Economy
Australia’s biggest DC-coupled solar battery hybrid to push PV output into evening peaks
The biggest DC-coupled solar battery hybrid project to be developed in Australia has won approval for its grid connection, and is expected to push the […]
Australian unemployment rate steady at 4.1 pct
Australia’s unemployment rate remained steady in April despite almost 90,000 people finding work. Official figures released by the Australian Bureau of Statistics (ABS) on Thursday […]
Erratic Donald Trump is dark cloud on horizon for Michele Bullock as RBA considers interest rates
While the domestic economy seems to have stayed on the narrow path out of the inflation crisis, global uncertainty is a thorn in the RBA’s […]
Tobacco excise revenue has tanked amid a booming black market
It’s a diabolical problem for the government, whose public health policy has long relied on increasing tobacco excise duty as its primary tool to reduce […]
$678 million boost for Australian exports to UAE
Australian trade minister Don Farrell announces the UAE trade deal at Parliament House in Canberra Australia and the United Arab Emirates (UAE) finalised the much-awaited […]
More people are seeking help as Australia’s economy slows down, RBA governor acknowledges
Reserve Bank governor Michele Bullock says she is aware that more people than usual are seeking help from community organisations as Australia’s economy slows down […]
Connecting Western Sydney to the world
Western Sydney International Airport (WSI) has landed its first international airline, with Singapore Airlines confirming its intention to operate from the airport and connect Western […]
Iron ore price drop spells trouble for Australia’s mining economy
As iron ore prices drop, Australians could see increased taxes and cuts to services as demand for our mining resources takes a hit. The resource […]
Long COVID has cost the Australian economy billions in lost work hours, new research says
Long COVID cost the Australian economy almost $10 billion in lost labour hours in 2022, according to new research. The study, published in the peer-reviewed […]