Monetary policy not affecting housing supply, says RBA Economy & Industry RBA assistant governor Sarah Hunter said demand and building costs ultimately dictate the supply of new housing.
Budget 2024: Services Australia gets funding booster May 14, 2024 By Dan Holmes Community & Social Services Australia will receive $1.8 billion over three years to fund more service delivery staff; 4,030 new staff will join the agency in 2024-25, and another 3,530 the following year.
Parallels between modern monetary theory and the Shakespeare authorship question May 14, 2024 By Stuart Kells Economy & Industry Modern monetary theory and Shakespearean authorship speak in similar ways to disciplinary dynamics and the pursuit of scholarly progress.
Rents continue to increase faster than mortgages in latest inflation data April 29, 2024 By Dan Holmes Economy & Industry Quarterly inflation statistics show the consumer price index (CPI) rose by 1% this quarter and 3.6% over the past year.
Premium Insights and analysis Changing of the guard at RBA will accelerate Australia’s great digital reckoning August 7, 2023 By Julian Bajkowski Communications & Technology Ain’t nothing like money moving too quickly for the regulator to crack the whip. Michele Bullock knows what hard innovation questions to ask.
Premium Insights and analysis Straight talk? New RBA governor Michele Bullock has been at it for years July 18, 2023 By Julian Bajkowski Economy & Industry Start as you mean to continue. Michele Bullock has been outwitting banks for decades. Get ready for some major digital interventions.
Premium Columnists Who is Michele Bullock? The central bank veteran who’ll lead the RBA to 2030 July 16, 2023 By Bernard Keane Editors' Picks Michele Bullock, the first female Reserve Bank governor, is an RBA lifer from the payments system side of the bank.
Premium Columnists Deny deny deny — Lowe reverts to blaming workers for inflation July 14, 2023 By Bernard Keane Editors' Picks The Reserve Bank governor is back to pretending profits aren’t playing a role in inflation, contradicting his own board in the process.
Latest RBA interest rate rises reveal serious flaws in Australia’s monetary policy toolkit May 5, 2023 By Stuart Kells and Ian Shepherd Economy & Industry Economists rarely agree, but when they look back on 2023 they will very likely concur that the most recent interest rate rises were a mistake.
‘Slippery slope’ to divide JobSeeker recipients, says Grattan Institute CEO May 3, 2023 By Anna Macdonald Economy & Industry Grattan Institute’s CEO Danielle Wood has cautioned against raising JobSeeker for only people over 55, ahead of next week’s Budget.
RBA monetary and governance functions to separate in July 2024, recommends landmark report April 20, 2023 By Julian Bajkowski Federal The biggest changes to Australia’s central bank in 40 years have been put in motion today, with major consequences for the APS.
Premium Columnists Will Australia heed the lessons of the UK’s bond vigilantism? November 7, 2022 By Binoy Kampmark Economy & Industry The recurring problem with market-based solutions to finance and growth is their tendency to always return to the same formula.
Premium Insights and analysis Making good macroeconomic policy during times of crisis August 2, 2022 By Melissa Coade Economy & Industry Treasury boss Dr Stephen Kennedy has spoken of how dodging ‘potentially calamitous outcomes’ when trouble hits relies on the scale and speed of a sound policy response.
Premium Insights and analysis Reserve bank review is long overdue and here’s why July 24, 2022 By Stephen Bartos Editors' Picks The government has appointed an excellent body of RBA reviewers and established good terms of reference, but arguably took a wrong turn in including Dr Gordon de Brouwer.
International expert to review Reserve Bank as deputy governor says households in ‘fairly good position’ on rate rises July 20, 2022 By Michelle Grattan Editors' Picks Centrally the RBA review will examine the bank’s objectives, including the ‘continued appropriateness of the inflation targeting framework’.
