The RBA could lift rates even higher than tipped on Tuesday after Treasurer Jim Chalmers said inflation was worse than the March budget forecast. Follow our news blog. auspol
Tech stocks led the ASX 200 lower this morning, down 0.5 per cent to 7,199.5 by 11.15am as investors prepared for what is expected to be another rate rise this Tuesday.
Magellan Financial Group recorded the biggest decline this morning, down 10.7 per cent, after unveiling its latest funders under management update which revealed that investors had withdrawn another $3.6 billion for the month of May.James Massola Mid-afternoon the pair will hold a press conference where bilateral relations, the new-ish free trade deal, China’s rise and Vladmir Putin’s attendance at the next G20 in Bali will likely be topics asked about.Foreign Minister Penny Wong has already met her counterpart, Retno Marsudi, and said after the meeting that Indonesia was a very important partner for Australia.
“Indonesia is a very important partner for Australia, it’s a very important neighbour, and it’s a country that will continue to develop and will continue to be critically important to the security of the region.” The government will also give thousands of health workers a one-off $3000 thank you payment, in recognition for their work during the pandemic.The new two-year wages policy will give public sector workers a 3 per cent increase per annum in 2022-23 and 2023-24, with a possible further 0.5 per cent n 2023-24 for “employees that make a substantial contribution to productivity enhancing reforms”.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Banks unlikely to sting mortgage holders with higher rates than RBABank profit margins are already benefiting from rising interest rates, while returns on most retail term deposits languish well below those offered to bigger investors.
Read more »
Banks unlikely to sting mortgage holders with higher rates than RBABank profit margins are already benefiting from rising interest rates, while returns on most retail term deposits languish well below those offered to bigger investors.
Read more »
Banks unlikely to sting mortgage holders with higher rates than RBABank profit margins are already benefiting from rising interest rates, while returns on most retail term deposits languish well below those offered to bigger investors.
Read more »
RBA expected to raise interest rates again, ASX fallsAustralian shares have started the day lower, taking cues from global equity markets after the US employment report on Friday indicated the Federal Reserve will likely continue on an aggressive monetary policy tightening path to curb inflation.
Read more »
RBA set to raise 0.25pc, wait for minimum wage callThe Reserve Bank of Australia will likely increase the cash rate by 0.25 of a percentage point on Tuesday, even with the money markets betting on a larger rise.
Read more »