Economy

Will petrol prices hit AU$2 a litre again? Why are Aussie petrol pri...

Highlights A fuel price hike seems to have virtually nullified the excise cut offered by the government, pushing motorists into peril. Many stat...

Will rising power bills impact Morrison Govt's re-election bid?

Highlights The present government has seen a bevy of challenges ahead of the election campaign. Concerns loom that rising power bills could potent...

Why Australian bond yields are scaling new heights

Highlights Yields on the Australian benchmark 10-year bond have risen above 3.5%, as of 10 May 2022. The US Fed has hiked the interest rates by 50...

ANZ, NAB and CBA release key economic data; know more

Highlights The big four banks have released key economic data for April, which was marked with rate hike expectations. The ANZ-Roy Morgan consumer...

How Australian Fashion Trademark will guide growth in national econo...

Highlights: The Australian Fashion Council has officially rolled out Australian Fashion Trademark. The Australian Fashion™ will give an iden...

Morrison-Albanese debate: key takeaways for markets

Highlights: Anthony Albanese said his labour party would focus on increasing wages to combat rising prices. Significant issues such as First Natio...

How is Australian job market faring?

ation days. The current stance of the Australian job market has grabbed all eyes. There has been a significant increase in the number of jobs ava...

Federal Election 2022: Healthcare needs and promises

Highlights Promises of major parties regarding the health policy have been in the limelight The aged care sector calls for a workforce partnership...

How are sky-high living costs impacting pensioners in Australia?

Highlights Pensioners desire a stable cost of living that doesn’t hurt their pockets. The living cost has surged manifold for the pensione...

Healthcare in Australia: Insights into budget and election promises

ance scheme Australia has one of the best healthcare systems globally, offering its citizens safe and affordable healthcare services. The country...

What NAB and Macquarie’s outlook speak about Australian economy

Highlights NAB said its strong performance clearly indicates an ongoing strengthening of the Australian economy. NAB also expect the unemploymen...

How will interest rate hike impact your mortgage outgo?

Highlights RBA Governor Philip Lowe stated that borrowers should remain ready for further hikes to bring inflation down to target numbers. The f...

Further tightening expected as RBA shares fresh economic outlook

Highlights 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 for...

How can RBA’s latest interest rate hike impact elections?

Highlights The central bank’s interest rate hike decision appears to be a non-political decision on the surface. The rate hike of 25 basis...

Busy day for economic activity: International trade, building approv...

Highlights Policymakers and households are keeping a keen eye on economic data, especially in a high-interest rate environment. ABS released the d...

How much extra mortgage owners will be paying after rate hike?

r spending. With inflation data creating much havoc in the market, an interest rate hike had become imminent to cool off the economy. The latest...

Explained: How Russian economy is holding on despite heavy sanctions

Highlights: Despite geo-political turmoil and heavy sanctions, Russia picked up its exports in April. Most of Western European and other countries...

RBA flags more hikes to come: Is Australian economy resilient enough...

Highlights: The recent interest rate hike by the Reserve Bank is likely to be succeeded by multiple hikes this year. The RBA cited that the Austra...

Big 4 banks respond to rate hike: What are the new rates for ANZ, WB...

k 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 t...

RBA raises interest rate by 0.25%, biggest since 2010

Highlights: The Reserve Bank of Australia (RBA) has finally announced its biggest and first cash rate hike since 2010. The official cash rate has...