The RBA's impotence on show for the world
Remember the one about cutting interest rates to lower the dollar? Tell that to the Aussie when it was trading above 77 US cents this morning.
Remember the one about cutting interest rates to lower the dollar? Tell that to the Aussie when it was trading above 77 US cents this morning.
Parting RBA governor Glenn Stevens has implored the Turnbull government to take on more debt and spend on worthwhile projects.
We may have avoided the GFC, but there is still quite a lot of worry among many Australians.
A measure of Australian consumer sentiment bounced in August after a couple of soft months, likely aided by a cut in domestic interest rates to record lows that was warmly welcomed by those with housing debt.
With lottery wins already tax free, you could call it ScoMo's winner's bonus.
The muted growth in retail trade highlights the limitations of slashing interest rates.
China's consumer price inflation accelerated at its weakest pace in six months as food prices rose at a slower pace, although the long decline in upstream prices continued to moderate.
NAB chief economist Alan Oster believes the RBA will lower rates to 1 per cent next year to fight low inflation.
The Reserve Bank of Australia's decision to cut interest rates last week has so far produced few clear winners.
Job advertisements dipped in July to end two months of gains, pointing to more moderate growth in employment ahead, a survey shows.
The Reserve Bank of Australia's decision to cut interest rates last week has so far produced few clear winners.
Donald Trump unveiled an economic team that's a mirror image of the candidate and his campaign: They're mostly outside the Republican, Wall Street and academic establishments, and they're all men.
Competition watchdog says it will advocate for "commercially relevant penalties" for misbehaving companies.
The Reserve Bank says it cut rates this week to kick the economy and inflation along, warns on risks of housing oversupply.
The most amazing thing about Malcolm Turnbull's bank bashing charade was that he managed not to blush.
Retail spending growth is at its slowest annual pace in three years.
Given how far Australian and international rates have been falling, mortgage rates ought to be an awful lot lower than they are.
Women's participation in the workforce may have increased over the past 20 years, but entrenched stereotypes about where women can work haven't.
If borrowers haven't received the full 50 points of the cash rate reductions, it's because they haven't asked for them
Australians have high exectations that property assets will fund their retirement. Too high, says banking giant HSBC.
It's a far cry from five years ago when the nation's benchmark rate was a developed-world high and the Aussie was worth more than the greenback with the mining bonanza in full swing.
Our biggest banks move fast. Either that, or they collude. At 2.37 pm on Tuesday within minutes of the Reserve Bank cutting its cash rate to an all-time low, the Commonwealth Bank announced a completely different way of responding. Instead of passing on some of all of the cut, it would only pass on half and hand some of the rest out to customers as higher term deposit rates.
The Commonwealth and National Australia Banks have short-changed their mortgage holders by passing on only a fraction of the Reserve Bank's 0.25 per cent cut in interest rates, choosing instead to reward depositors by lifting the rate they offer on term deposits.
Sorry if I sound wide-eyed, but I was mightily impressed when I visited China as a guest of the Australia-China Relations Institute. Those guys are going places.
The RBA has cut the official cash rate to a historic low of 1.5 per cent but home loan customers will received only part of the benefit.
Australia's trade balance remained in the red with a deficit of $3.1 billion in June, while approvals for the construction of new homes fell.
Global economic growth is accelerating sharply after months in the doldrums, confounding predictions of a worldwide recession following Britain's Brexit vote.
It's hard to say that trimming the cash rate to 1.5 per cent on Tuesday will make any positive difference to economic growth or inflation.
Apparent strong house price growth in Sydney and Melbourne is unlikely to dissuade the Reserve Bank from cutting interest rates on Tuesday, in part because it's not what it seems.
Apartment building is set to to collapse 50 per cent over the next four years, according to forecaster BIS Shrapnel, with only Sydney bucking the trend.
Small businesses fear they could be the next target of bad financial advice and predatory lending under a proposed low-regulation scheme for startups.
Community, industry and tertiary education sector must ensure students make informed decisions in course choice.
A free independent guide from SMH with expert information.
A free independent guide from SMH with expert information.
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.