Treasurer Jim Chalmers says inflation is “beginning to moderate”; Coalition to oppose Labor’s overhaul of referendum rules, safeguard mechanism reforms. Follow updates here.
The Australian Council of Trade Unions has said the Reserve Bank’s rate rise risks “pushing the economy off a cliff” and has called on it to pause further increases and target businesses instead.
Mortgage repayments made up 26 per cent of all price increases felt by employees in the December quarter. ACTU president Michele O’Neil says “the RBA has almost pushed Australian workers and the economy off a cliff”.
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.
How Jim Chalmers plans to put the acid on super fundsTreasurer Jim Chalmers’ essay provides a key clue on how he plans to redraw the country’s investment landscape, writes Karen Maley.
Read more »
‘We’ve got a plan to deal with it’: Jim Chalmers inflation challengeTreasurer Jim Chalmers says the reason for the high inflation challenge in Australia is a combination of Shadow Treasurer Angus Taylor’s “incompetence” and the war in Ukraine. “We understand this inflation problem in our economy, we understand the pressure that rising interest rates put on Australian families and the Australian economy more broadly,” Mr Chalmers said. “We’ve got a plan to deal with it.”
Read more »
Chalmers declares 'we've got a plan for inflation' ahead of RBA meetingThe Treasurer has insisted Labor has a 'plan for inflation' after acknowledging 'interest rate rises are an inevitable consequence' of rising prices ahead of Tuesday's Reserve Bank meeting.
Read more »
RBA Governor made a ‘mistake’ which ‘hurt’ aspirational AustraliansRBA Governor Philip Lower made a mistake when he said interest rates would remain at historic lows until at least 2024, which “hurt” aspirational Australians, according to LNP MP Garth Hamilton. “But the person who’s going to decide whether the Governor stays on or not is the Treasurer,” he told Sky News host Amanda Stoker. “And, quite frankly, I don’t think the Treasurer really cares that much that the Governor hurt aspirational Australians.” Mr Hamilton said there was a lot of “hubris” in Treasurer Jim Chalmers’ essay but “not much there to inspire” aspirational Australians who want to get into the property market.
Read more »