Australia's latest national accounts show why we probably would have had to be in recession to have seen an interest rate cut this year.
Analyst says stubborn inflation numbers mean delay to rate cuts
Sean Langcake from BIS Oxford Economics says people will have to remain patient waiting for a rate cut with core inflation numbers ticking up.
Photo shows Man in a suit jacket and black headphones looks at the camera.Has Video Duration: 4 minutes 9 seconds.Markets at the mercy of 'unrestrained Trump' as US president-elect threatens tariffs
Wall Street cheered the relatively orthodox choice the US president-elect made for his Treasury secretary nomination. Within hours, Trump threatened tariffs on key trading partners, reminding markets it's his world, not his cabinet's.
Photo shows Donald Trump points to the crowd while standing on stage surrounded by United States flags.Report predicts impact of early interest rate cut on Australian capital city house prices
House prices in Sydney and Melbourne are set to decline further in 2025, while Perth is likely to experience the strongest growth among Australia's capital cities, according to SQM Research's latest Boom and Bust Report.
Photo shows A graphic showing houses and the narrowing gap between the richest and poorest.'Wage dynamics not consistent with cutting the cash rate', despite slowdown in pay rises
Wages growth in Australia slows to 3.5 per cent over the past year, according to official data, still outpacing inflation to result in modest real wage increases.
Photo shows A hand holding a collection of Australian currency with dirt road in shot.Canberra home values are declining — but it's only a buyers' market for those who can save a deposit
There are more sellers than buyers in the Canberra property market, as a new report finds home values declined over the last three months.
Photo shows An auctionerr, facing away from the camera, facing towards a man and woman.'I don't believe I've been cautioning anyone': RBA governor backs Albanese government's spending approach
RBA governor Michele Bullock says she didn't "caution" the government about its spending, and its attitude on spending is "the right one".
Photo shows A middle aged woman with a light brown bob and glasses speaks in front of small microphones mounted on a desk.Interest rates might fall in February … but don't bet the house on it
Tens, perhaps even hundreds of thousands of Australians waiting for interest rates to start falling will have to keep waiting for some time — potentially a long while.
Photo shows A woman with short brown hair and glasses looking down at her notes behind a lectern with two microphones.NAB economist says RBA board still considers inflation too high
Ivan Calhoun says there are signs the RBA board is seeing improvements in inflation, which could mean modest rate cuts through the first half of next year.
Photo shows A man with a dark suit jacket speaking in a television studio.Has Video Duration: 4 minutes 8 seconds.RBA not ruling out future interest rate rises after warning inflation 'remains too high'
The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent for its eighth-straight meeting despite inflation falling to its lowest level in almost four years.
Photo shows People walking past the outside of the Reserve Bank of Australia in Sydney.Home loans are hard to get. Now some politicians and banks want to change the rules
As the Reserve Bank meets to consider whether to cut interest rates, housing affordability is again centre stage of the political debate. A federal inquiry is considering whether there's a need to ease restrictions on banks about how much they can lend out to first home buyers.
Photo shows A lady outside a melbourne suburban homeHere's when the big four banks reckon interest rates will go down
Even though inflation is within the RBA's ideal range, economists are banking on high interest rates hanging around for a little bit longer.
Photo shows A graphic of a red up arrow next to a percentage sign, overlaid on a street view of a row of houses.House prices have risen again, but there are signs of 'erring towards a buyer's market'
Although national property prices increased again in October, the latest CoreLogic data suggests the housing market is cooling ahead of forecasted interest rate cuts early next year.
Photo shows A yellow open home flag attached to a yellow for sale sign outside an apartment complex.It's finger-pointing time on Australia's 'homegrown' inflation problem
What, or more precisely who, is to blame for the inflation episode that has up-ended our lives for the past three years?
Photo shows Composite picture of Angus Taylor, Michele Bullock and Jim Chalmers.When will we get an interest rate cut? It's largely up to you
Playing bad Santa this Christmas may not please your friends and family, but it could just save them some money if they have a mortgage.
Photo shows RBA governor Michele Bullock at press conference on June 18, 2024Price pressures ease with inflation at 3.5-year low but rate cuts expected to be further away
Prices rose by 0.2 per cent in the September quarter, according to the ABS, compared to the 1 per cent rise in the three months through June. Underlying inflation remains above the Reserve Bank's target.
Photo shows A person shopping at Australian grocery store, with a basket full of sparkling water, fruits and vegetables.Lazy millennials to lucky boomers: The generational struggles with first-home ownership
Each generation has had its own unique struggles with first-home ownership. But which has had it the worst? Experts say it has little to do with smashed avo.
Photo shows A man and woman hugging in front of a for sale sign at a houseNew Zealand 'doubles down' on interest rates retreat with more aggressive cut
As Australians await stronger signals that a rates reprieve is imminent here, across the Tasman, New Zealand's central bank has again taken the knife to its key interest rate.
Photo shows New Zealand flag in front of civic buildingsFrom mass deportations to huge tariff hikes, here's what Trump's economic program would do to the US and Australia
Australia would be among the countries that would suffer most from what Trump is proposing, after the US and China.
Photo shows Donald Trump stands at a podium, holds his hands outstretched and smiles.Australians optimistic a rate cut could be on the way as the cost of living crisis bites harder
Australians are increasingly hopeful that cost of living pressures are about to ease, and expect to receive an interest rate cut soon, according to new polling.
Photo shows A person in a long sleeved white collared shirt and black pants walks into the Reserve Bank of Australia as its doors slide openWith 'borrowing capacity still pretty constrained', house price rises continue but at a slower pace
National home prices rose in September, new data shows, but some of the heat continues to come out of the housing market as more owner-occupiers and investors consider selling.
Photo shows A large white house with a "for sale" sign in front of it.