Brace for rate hike this year, Goldman says
Markets are tipping a one-in-three chance the RBA will start lifting rates this year, while Goldman Sachs says a move in 2017 is now more likely than not.
Markets are tipping a one-in-three chance the RBA will start lifting rates this year, while Goldman Sachs says a move in 2017 is now more likely than not.
The Reserve Bank is increasingly certain the global economy is picking up and increasingly determined not to cut its cash rate again.
Why is it that a mother caring for her children produces no "measured" economic value, but the same mother hiring others to look after her children does?
The Reserve Bank of Australia has held the cash rate steady at 1.5 per cent amid concern about what another cut would do to the housing market and amid signs the economy is picking up.
Retail sales rebounded in January after two months of tepid outcomes, although the underlying pulse was one of sluggish household consumption.
An estimated 400 restaurants and cafés and hair and beauty salons will get a visit from the Tax Office this month.
What happened to the the job of "paid companion" or "inspector of nuisances" recorded in Australia's first national census in 1911?
Australia is on the cusp of achieving something truly remarkable – not to mention unprecedented in modern world history. It will be worth celebrating.
The value of our collective wellbeing increased by $22 billion in 2016
When the media headlines hit about bad behaviour by men at the highest levels of corporate Australia, female board directors can't help but feel despondent.
Fabulous news on the economy this week. The recession that never was, didn't happen. Phew. That's a relief.
The OECD has warned of a "rout" in Australian house prices leading to a new economic downturn, saying both prices and household debt have reached "unprecedented highs".
This week's rebound in GDP growth after a shock September quarter means the economy has now expanded for more than a quarter century, and is closing in on the record held by the Netherlands. But the smashing growth may not be quite as good as it seems.
Australia's top economic bureaucrat has begged the government not to spend the coming windfall from soaring coal and iron ore prices, saying if it did it would repeat the mistakes of prime minister John Howard and treasurer Peter Costello in the early 2000s.
Peter Thompson had an unlikely saviour last year: the humble chickpea.
The ACT's economy bounced back in the December quarter, growing 1.6 per cent, much faster than NSW and most other states.
Corporate Australia may have lost the debate on tax reform, says Australian Institute of Company Directors chairwoman Elizabeth Proust.
Treasury boss John Fraser has implored Parliament to consider cutting the company tax rate, saying it would be "critical" to respond to international competition.
The strong result means Australia is likely to technically avoid a recession.
A yawning growth gap has opened between our inner cities and the rest.
An appeal against a multimillion dollar tax bill owed by multinational oil giant Chevron is taking place, and will have global implications for the way tax paid by large companies is assessed.
Australia could record its first current account surplus since the mid-1970s this year, economists say.
The Turnbull Government proposed company tax cut would cut national income for years before it boosted it and would never be self-funding, a new analysis from the Grattan Institute has found.
In Australia, micro-economic reform has degenerated into a form of rent-seeking that's saying the way to a prosperous economy is to keep business – the people who create the jobs – as happy as possible.
Economists expect Australia to avoid a technical recession when official GDP data is released on Tuesday.
Reserve Bank governor Philip Lowe has no plans to cut interest rates, and worries that he did he would make an already indebted nation "more fragile".
This is interesting: the Fair Work Commission has pretty much agreed with the Productivity Commission's recommendations on penalty rates, so penalty rates should be sharply higher for everyone on shift work.
Reserve Bank Governor Philip Lowe has dashed hopes of a further cut in interest rates, pleading for people to "focus on other things other than quarter of a per cent moves in the cash rate".
Former Treasury chief and National Australia Bank chairman Ken Henry is far from a zealot on cutting company tax rates.
The next generations are going to be in real trouble if we don't get on top of this housing affordability crisis.
You get an extra pair of hands but also extra hassle.
The simpler a business structure is, the less tax effective it is.
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