Today
Stop telling us what to do with interest rates: RBA deputy
Commentators telling the RBA to cut or raise rates are “false prophets” who could cause damage with their poor predictions, deputy governor Andrew Hauser warns.
- 1 hr ago
- Michael Read
JB Hi-Fi looks for growth and rewards investors amid resilient sales
The major electronics and consumer goods retailer will move into the commercial builder market with the purchase of kitchen and bathroom group E&S Trading.
- Carrie LaFrenz
Yesterday
- Opinion
- Interest rates
Reserve Bank has finally taken the inflation crisis seriously
The consumer price index reading gave the RBA an out. Instead, governor Michele Bullock’s tough talk dumped cold water on a rate cut any time soon.
- Steven Hamilton
- Opinion
- Sharemarket
Time to panic or the correction we had to have?
Investors’ hope for a Goldilocks scenario all came unstuck last week. But rather than succumb to hysteria, it’s better to recalibrate risk appetite.
- Stephen Miller
This Month
RBA to cut rates three times next year
Economists expect the Reserve Bank of Australia will deliver its first post-pandemic interest rate cut in February 2025.
- Michael Read
- Analysis
- Interest rates
‘Hottest ticket since Cold Chisel’: Bullock returns home to Armidale
The RBA governor’s formative years helped make the country’s most high-profile economist a ‘tough’ leader.
- John Kehoe
- Opinion
- Chanticleer
Macquarie’s Viktor Shvets’ lesson from ‘mini heart attack’ on markets
Was the market rout – and rebound – a sign of how fragile markets are, or proof they are actually less risky? Viktor Shvets’ answer might surprise you.
- Updated
- James Thomson
- Opinion
- Chanticleer
Qantas case a timely warning for money-spinner Transurban
The flying kangaroo’s drama is relevant for Australia’s dominant toll operator, which is returning more cash than ever to investors despite political pressure.
- Anthony Macdonald
Rising costs hit Mirvac margins, new homes
Property developer Mirvac blamed the steep rise in labour and material costs for halving its profit margins on some residential projects, triggering a 13 per cent fall in operating earnings this year.
- Michael Read and Nick Lenaghan
Big discounting and store closures hit Myer’s bottom line
The department store has warned it will record a fall in sales when it publishes its financial results next month, as lower customer spending takes its toll.
- Carrie LaFrenz
- Analysis
- Interest rates
Is Japan ready for a ‘world with interest?’
An entire generation has grown up knowing nothing but yields near zero and mortgage rates that seemed to get cheaper by the year.
- Gearoid Reidy
- Updated
- Interest rates
Chalmers’ rebates not helping inflation, RBA warns
Federal and state government energy bill subsidies will not help get inflation under control, and big-spending public sector budgets are making it worse, the bank says.
- Updated
- Michael Read
- Opinion
- Chanticleer
RBA is in no place to comfort fearful investors
The reality of Australia’s inflation problem means Michele Bullock has little room to encourage investors’ flagging animal spirits.
- Updated
- James Thomson
Traders don’t believe the RBA’s warning on rates
Bond markets are still wagering that the Reserve Bank will cut interest rates this year even as the central bank said it considered a rise on Tuesday.
- Cecile Lefort
- Opinion
- Interest rates
Rise in interest rates only narrowly avoided
A rate increase was closer than many had assumed at the RBA meeting, and a more hawkish-sounding Bullock said it “was a very serious consideration”.
- Updated
- John Kehoe
Inflation to linger until 2026, RBA warns
A surge in state and federal government spending means inflation won’t return to the RBA’s target band until December 2026, later than previously forecast.
- Michael Read
- Updated
- Interest rates
No rate cuts before Christmas, says RBA governor
Michele Bullock has declared “near-term interest rate cuts are not on the agenda”, warning the economy remained too hot and ruling out decreasing the cash rate before Christmas.
- Michael Read
- Opinion
- Chanticleer
Wall Street’s night of fear could have been much worse
The sea of red on Wall Street on Monday night doesn’t tell the story of the outright panic that spread before the market opened.
- James Thomson
- Opinion
- Chanticleer
Why the market’s favourite trades are blowing up
For most of the day it was just a nasty sell-off. But by the end of Monday’s brutal session on the ASX, it was clear something much worse was at play.
- James Thomson
Traders bet on rapid rate cuts as recession fears deepen
Bond prices are soaring globally after weaker US jobs data rattled investors and prompted traders to dial up the need for urgent rate cuts in both the US and Australia to stem an economic downturn.
- Cecile Lefort
