RBA keeps interest rates on hold at 4.35pc in June
Interest rates have been kept on hold, with the Reserve Bank of Australia board standing pat for its fifth consecutive meeting. The central bank on Tuesday left rates at 4.35 …
Jim Chalmers
Treasurer Jim Chalmers says Australia’s economy can stay out of recession, soft landing still possible
Treasurer Jim Chalmers will identify five key ways Australia will avoid recession in a speech set to give his critics plenty of ammunition if he fails. Conceding the task is …
Australia stops ‘golden visa’ scheme, aims to draw ‘exceptionally talented migrants’
“While I somewhat support the closure of the programme as it has been widely exploited, the way the government handled this has been appalling,” said Jessica Meng, a business migration …
Australia’s national security in spotlight as it steps up screening foreign investments in ‘sensitive’ sectors
Chalmers said the overhaul was not targeted at specific countries, such as China, which has been accused of foreign interference in Australia in the past. Any foreign investment applications involving …
Risk of interest rates higher for longer amid conduct of monetary policy changes with RBA, government: Experts
Interest rates could stay higher for longer, economists say, after the Reserve Bank board and Treasurer Jim Chalmers signed a new statement on the conduct of monetary policy. Several changes …
Business investment growth forecast to continue despite impact of higher interest rates and tight economy
Federal Treasury expects business investment to keep growing — albeit modestly — over the next two financial years despite tough economic conditions and higher interest rates. Figures released late on …
Jim Chalmers reveals overhaul of Productivity Commission, with greater focus on future economic challenges
Treasurer Jim Chalmers has unveiled his overhaul of the Productivity Commission, pivoting the 25-year-old organisation to focus on digital transformation, climate change, an ageing population and geopolitical risks. As former …
Warning for farmers, investors to think but not panic as Jim Chalmers finalises plans for new big super hit
Farmers and other holders of chunky assets have been told not to panic as Federal Treasurer Jim Chalmers pushes ahead with plans for a 30 per cent tax rate on …
Albanese Government advocates rethink on economic principles of unemployment and to look beyond NAIRU
The Federal Government is pushing for a rethink of the definition of full employment beyond statistical modelling, saying existing models have severe limitations and do not fully reflect the modern …
Jim Chalmers: The Voice is about helping Australians share in the fair go
With the Prime Minister yesterday setting October 14 as the date for the referendum, more West Australians will now be turning their mind to the question of the Voice to …