It was a split decision but undoubtedly the swing factor was the US war against Iran and the spike in inflation it has already produced.
The treasurer says the Australian economy isn’t headed for a “dramatic contraction”, even as Reserve Bank governor Michele Bullock did not rule out the possibility.
The central bank’s monetary board has voted 5-4 to raise the cash rate to 4.1 per cent as the Middle East conflict threatens ...
Australia can now lay claim to a world record that no one wants: some of the highest interest rates in the developed world.
The US president has launched a series of extraordinary missives at America's allies for refusing to join his war in Iran, ...
Australian businesses are caught in the crossfire of rising costs and Tuesday's interest rate hike, industry groups warn, as the Reserve Bank of Australia says tough decisions are needed to ward off a ...
Treasurer Jim Chalmers said the decision would be "tough news" for Australians as the Opposition accused him of "inflation denial".
While the RBA's decision to lift interest rates was all about inflation before the Iranian war started, its task from here on ...
2d
No recession but inflation hike and increased cost-of-living pressure on the way, Jim Chalmers says
Economists predict RBA will raise interest rates this week and in May – days before treasurer unveils budget ...
Reserve Bank Governor Michelle Bullock has warned Australians that she can’t rule out a recession if the war in the Middle ...
Federal Treasurer Jim Chalmers has made a bold claim on a possible recession after the RBA warned inflation needed to be ...
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