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Economy
Morrison-Albanese debate: key takeaways for markets
May 10, 2022 10:22 AM AEST| By Toshiva JainHighlights: Anthony Albanese said his labour party would focus on increasing wages to combat rising prices. Significant issues such as First Nations Policy and Aboriginal and Torres Strait Islander people have not been yet discussed. Scott Mor.....
How is Australian job market faring?
May 09, 2022 04:25 PM AEST| By Toshiva Jaination days. The current stance of the Australian job market has grabbed all eyes. There has been a significant increase in the number of jobs available in Australia. The unemployment rate has been declining over recent months to 4% and labour f...
Federal Election 2022: Healthcare needs and promises
May 09, 2022 03:01 PM AEST| By Aditi SarkarHighlights Promises of major parties regarding the health policy have been in the limelight The aged care sector calls for a workforce partnership supplement Pharmacy Guild is delighted by the commitment made by both major parties to make medi.....
How are sky-high living costs impacting pensioners in Australia?
May 08, 2022 12:12 AM AEST| By ManishaHighlights Pensioners desire a stable cost of living that doesn’t hurt their pockets. The living cost has surged manifold for the pensioners in Australia. Disruptions in the supply chain of goods due to multiple factors have flared the r...
Healthcare in Australia: Insights into budget and election promises
May 08, 2022 12:09 AM AEST| By Aditi Sarkarance scheme Australia has one of the best healthcare systems globally, offering its citizens safe and affordable healthcare services. The country hosts two kinds of healthcare systems – public and private. The public health system, popular...
What NAB and Macquarie’s outlook speak about Australian economy
May 07, 2022 10:05 AM AEST| By AayushHighlights NAB said its strong performance clearly indicates an ongoing strengthening of the Australian economy. NAB also expect the unemployment rate to fall below 4% in the coming months. Macquarie Group expects growth to remain strong at le...
How will interest rate hike impact your mortgage outgo?
May 07, 2022 12:25 AM AEST| By Toshiva JainHighlights RBA Governor Philip Lowe stated that borrowers should remain ready for further hikes to bring inflation down to target numbers. The first increase in cash rate may not significantly impact borrowers. Borrowers should take help of so...
Further tightening expected as RBA shares fresh economic outlook
May 06, 2022 03:05 PM AEST| By Akanksha VashishtHighlights After the recent interest rate hike by the RBA, the cash rate now stands at 0.35%. The RBA has announced an uptick in its inflation forecast as sources of inflation are expected to change. Rising wages due to labour market strengthe.....
How can RBA’s latest interest rate hike impact elections?
May 06, 2022 01:28 PM AEST| By Akanksha VashishtHighlights The central bank’s interest rate hike decision appears to be a non-political decision on the surface. The rate hike of 25 basis points might impact the people’s perception of the current government. The current governmen...
Busy day for economic activity: International trade, building approvals data out
May 05, 2022 02:36 PM AEST| By Akanksha VashishtHighlights Policymakers and households are keeping a keen eye on economic data, especially in a high-interest rate environment. ABS released the data for dwellings approvals, international trade balance and retail sales soon after the RBA annou.....
How much extra mortgage owners will be paying after rate hike?
May 05, 2022 01:19 PM AEST| By Akanksha Vashishtr spending. With inflation data creating much havoc in the market, an interest rate hike had become imminent to cool off the economy. The latest inflation numbers compelled the Australian central bank to raise the cash rate by 25 basis points. A...
Explained: How Russian economy is holding on despite heavy sanctions
May 05, 2022 11:21 AM AEST| By Toshiva JainHighlights: Despite geo-political turmoil and heavy sanctions, Russia picked up its exports in April. Most of Western European and other countries like India and Turkey are importing oil from Russia. Several economists suggest that Russian eco.....
RBA flags more hikes to come: Is Australian economy resilient enough?
May 05, 2022 11:03 AM AEST| By Akanksha VashishtHighlights: The recent interest rate hike by the Reserve Bank is likely to be succeeded by multiple hikes this year. The RBA cited that the Australian economy is resilient enough to adjust to a rate hike by the apex bank. A deeper inspection s.....
Big 4 banks respond to rate hike: What are the new rates for ANZ, WBC, CBA, NAB?
May 04, 2022 03:49 PM AEST| By Akanksha Vashishtk to do so. As the Reserve Bank of Australia (RBA) recently announced its first cash rate hike in over a decade, the economy is still adjusting to the shocking news. The RBA raised rates by 25 basis points, bringing the cash rate to 0.35%. All t...
RBA raises interest rate by 0.25%, biggest since 2010
May 04, 2022 03:32 AM AEST| By Akanksha VashishtHighlights: The Reserve Bank of Australia (RBA) has finally announced its biggest and first cash rate hike since 2010. The official cash rate has been increased by 25 basis points to 0.35 per cent. The RBA is one of the few central banks that .....
How would a rate hike impact property prices in Australia?
May 03, 2022 05:21 PM AEST| By Akanksha VashishtHighlights The central bank has recently raised official cash rate by a massive 25 basis points. The property market prices have shown a declining trend in April. Apart from Melbourne and Sydney, many capital cities have recorded a monthly ris...
Which policies are unveiled by Australian opposition ahead of elections?
May 02, 2022 05:34 PM AEST| By Akanksha VashishtHighlights The current government has managed a range of economic and political struggles building over the last two years. The opposition party recently announced a set of new policies during its official campaign launch in Perth. Housing, ma...
Will Australia see its first cash rate hike in more than a decade tomorrow?
May 02, 2022 01:21 PM AEST| By Akanksha VashishtHighlights A cash rate hike by the RBA is likely to take shape soon amidst a sharp rise in inflation. Three out of the big four banks expect a rate hike in May, with Commonwealth Bank of Australia (ASX:CBA) tipping a June rate hike. Those expe...
Three top hedges to shield your portfolio against inflation
May 01, 2022 12:42 AM AEST| By AayushSince the beginning of 2022, inflation worries have been mounting globally. The US recently recorded a 40-year high inflation while for New Zealand as well as the UK, inflation is at a 30-year high. These soaring figures are enough to remind invest.....
Five ways to prepare for interest rate hikes
May 01, 2022 12:28 AM AEST| By Akanksha VashishtAs an interest rate hike decision by the Reserve Bank of Australia (RBA) approaches closer, loan holders need to be prepared to part ways from a considerable share of their income. Most financial markets expect the RBA to raise interest rates as so.....
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