![RBA governor Philip Lowe is expected to hold rates for now.](/web/20170128114613im_/http://www.smh.com.au/content/dam/images/g/s/q/1/7/0/image.related.landscape.460x307.gtylz0.png/1485387039482.jpg)
Rates on hold as inflation bottoms
The Reserve Bank has been given licence to leave interest rates on hold at its first board meeting for the year, after the delivery of a low inflation result in line with its expectations and signs it will lift.
Peter Martin is the Economics Editor for The Age.
The Reserve Bank has been given licence to leave interest rates on hold at its first board meeting for the year, after the delivery of a low inflation result in line with its expectations and signs it will lift.
Proposed cuts to company tax have come under fire from former federal treasurer Peter Costello for being less effective at boosting the economy than personal tax cuts.
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Imagine a land in which everything was outlawed, except for the things that were specifically allowed. Things would more-or-less work, until you tried something new.
Consumer confidence has dived to its lowest level since April in a "jolt to stability and confidence", plunging into doubt retailers forecasts ten days before Christmas.
The Turnbull government is to consider a ban on the $100 note and a crackdown on all but small cash payments as part of an assault on the cash economy to be unveiled in Monday's mid-year budget update.
The Lowy Institute has proposed opening Australia to workers from Pacific nations including Fiji, Papua New Guinea and the Solomon Islands as a way of easing some of the shortages predicted as a result of changes to the backpacker tax and as a way of helping workers from those nations far more powerfully than could foreign aid.
The Tax Office ruled out a census-style "denial of service" attack as the reason for the loss of its entire website, saying the massive failure was due to hardware problems "not being caused by any external factors".
The Treasury and the Reserve Bank are likely to 'look through' the reported numbers to focus on what's happening beneath them.
Treasurer Scott Morrison has branded the dramatic end to five continuous years of economic growth "not just a reminder, not just a wake-up call, but a demand to support economic policies that drive investment and jobs".
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