The Reserve Bank's assessment came as the International Monetary Fund called on the bank to keep interest rates "accommodative" and to be prepared to ease further, if warranted.
There is a new political fault line emerging in Australia, and it cuts across the traditional progressive and conservative divide.
Tougher restrictions on bank lending may be needed if Australian house prices or mortgage debt accelerate again, the International Monetary Fund says.
Reserve Bank governor Philip Lowe has implored Prime Minister Malcolm Turnbull to borrow more to spend on infrastructure.
Apple was slugged with an $18b fine by the EU last year but the company will be smiling if Donald Trump's US tax plan gets off the ground.
Households, particularly those in Queensland and Western Australia, will see some benefits of the lift in commodity prices, HSBC says.
Guard dogs and x-box consoles are among the items that over 154,000 small businesses have claimed as tax breaks for equipment used in the workplace.
US cattle lobby was disappointed with Mr Trump's decision to axe America's role in the Trans-Pacific Partnership trade agreement.
Australians' private debt has soared to 187 per cent of income from 70 per cent in the early 1990s. The RBA might be starting to get worried.
At the start of the year, economists seem more divided than ever over Australia's growth outlook.
The government is looking for a new data base providing monthly updates on investment returns, which could allow it to reduce or increase the Centrelink and pension benefits it pays out as markets rise and fall. Â
The Reserve Bank of Australia has left its cash rate steady for the fifth consecutive board meeting as it prepares to release forecasts showing economic growth picking up and inflation climbing from 1.5 per cent to more than 2 per cent.
Australians spent more than $25.6 billion in December, but sales for the month dipped 0.1 per cent, confounding hopes for bumper Christmas sales.
US President Donald Trump's economic honeymoon could come to an end as soon as next year, senior London fund managers have forecast, with the US at risk of plunging into recession.
Official retail sales statistics for the all-important pre-Christmas period fell significantly short of expectations, not because Aussies bought fewer items but because we paid less for them.
After a long pause, the auctioneer commissioned to sell a northern Sydney beach-side apartment for in excess of $800,000 puts his gavel away, unable to entice a single bid.
The Tax Office's processes for forming decisions about whether taxpayers are guilty of fraud or evasion are "not sufficiently robust and may lead to unfair outcomes", according to concerns raised with the Inspector-General of Taxation Ali Noroozi.
Like a rabbit caught in a spotlight, the Reserve Bank board is all but certain to remain frozen on Tuesday, not knowing which way to jump.
The Reserve Bank board faces little pressure to adjust rates at its first meeting for the year on Tuesday after the BusinessDay Scope forecasting panel predicted a rarity - an entire year of steady rates.
In most years there’s room for one forecaster of the year. But not in 2016. Hardly any of our panel picked the dive in Australia’s growth rate to 1.8 per cent or the dive in the cash rate to a record-low 1.5 per cent. Wage growth was lower than all but the most pessimistic of the forecasts, and house prices ended the year far higher than the highest.
With Malcolm Turnbull desperate to keep burning coal for electricity, just how important is the mining industry to our economy?
Few of Australia's leading economists expect the government to deliver the cut in the budget deficit promised.
The BusinessDay Scope panel have a rather circumspect view on where the ASX200 will end up by the end of 2017.
Donald Trump doesn't get it, apparently is incapable of getting it.
The probability the RBA raises interest rates in November is "somewhere in the 40s and rising" according to Goldman Sachs.
Small shopfront accountants nationwide are worried about the end of the traditional tax return.
December's record trade surplus is good news for corporate profits and the government's triple A rating. But economists expect the impact on the real economy to be muted
Reserve Bank of Australia Governor Philip Lowe prides himself on trying to fully answer questions leveled at him in public. It turned out to be a query from his family that flummoxed him.
Within three years, Australians may witness one of the biggest financial raids in history.
Business conditions recovered strongly in December as firms reported a marked pick-up in sales and profits, the latest in a string of surveys pointing to gathering momentum going into the new year.
She was the youngest ever keynote speaker at Pause Festival.
Startup Muster reveals the changing face of start-ups.
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