Australian Economy

The Reserve Bank of Australia (RBA) noted in the minutes of its board meeting for November that there are signs that the job market is beginning to tighten.

CBA Senior Economist Stephen Wu has released the bank’s forecasts for the upcoming monthly CPI indicator. CBA expects the monthly indicator to record annual headline inflation of 2.1% in October, near the bottom of the Reserve Bank of Australia’s (RBA) target range of 2% to 3%.

Nothing better sums up the divergence of economic fortunes between young and older Australians than this week’s analysis of spending habits by age from the CBA.

Westpac with the note.

This is Australia.

RBA assistant governor Christopher Kent spoke about how rising interest rates have hit Australian households particularly hard.

Blockchain technology, best known for powering cryptocurrencies like Bitcoin, has expanded far beyond its origins.

Goldman with the bad news.

The June quarter national accounts showed that Australia’s labour productivity (GDP per hour worked) fell to 2016 levels, driven by the non-market sector.

The general consensus of economists is that the Reserve Bank of Australia (RBA) will begin to reduce the official cash rate in the first quarter of 2025.

The Victorian government’s budget update shows that the state’s net debt is projected to exceed $188 billion by 2027–28.

For Australian businesses relying on vehicle fleets, maintaining operational efficiency is crucial.

Wednesday’s wage price index data from the Australian Bureau of Statistics (ABS) was weaker than expected, growing by 0.8% in Q3 and 3.5% year-on-year.

The latest new car sales data from the Federal Chamber of Automotive Industries (FCAI) showed that sales nationally are trending lower, down 7.9% year-on-year in October.

It is best to stop digging when you are in a financial hole.

Are you interested in launching an e-Commerce business?

The Reserve Bank of Australia (RBA) ‘s interest rate decision last week was undeniably “hawkish”.

Westpac with the note.

Earlier this month, Prime Minister Anthony Albanese announced that if re-elected, the federal government would erase 20% of student debt.

I have always said that water is the ‘elephant in the room’ of the immigration debate that policymakers and pro-Big Australia boosters never address.

Data from the Australian Bureau of Statistics (ABS) shows that the public sector wages bill increased by 8% nationwide in 2023-24 to $232 billion.

My latest interview on Professor David Flint’s Save the Nation program explained why Australia’s productivity and living standards are declining.