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The Latest Breaking News from Jim Chalmers

Scammer paid Facebook 7c per view to circulate video of deepfake Jim Chalmers and Gina Rinehart

Video is designed to appear like A Current Affair interview and features altered versions of treasurer and rich listers

The Guardian - AU

Jim Chalmers welcomes OECD prediction RBA has reached interest rate peak

Federal treasurer downplays prospect of posting a second successive budget surplus

The Guardian - AU

Chalmers open to talks with states on GST

Ahead of a treasurers' meeting, Jim Chalmers says he will work with the states to ensure they get a fair share of goods and services tax revenue.

AAP

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Reserve Bank board shake up outlined in new laws

The federal treasurer has introduced legislation that will underpin the biggest set of reforms at the Reserve Bank in decades.

AAP

Governments have been able to overrule the Reserve Bank for 80 years. Why stop now?

Pay close enough attention to parliament these next few days, and you’re likely to witness something truly remarkable: politicians from both sides of politics uniting to remove the power of politicians to overrule the Reserve Bank.

The Conversation

Expecting RBA sense on monetary policy is like pulling teeth

If any pain should be felt, it should be by companies running monopolies on goods and services that jack up their prices whenever they feel like it.

Crikey

Meet Andrew Hauser, the outsider from the UK who'll be deputy governor of the RBA

In a significant step towards reforming Australia’s Reserve Bank, Treasurer Jim Chalmers has stepped outside the bank and outside of Australia to select Andrew Hauser, a British economist, as its new deputy governor.

The Conversation

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Most voters now disapprove of Anthony Albanese’s performance as PM, Guardian Essential poll finds

Survey suggests Australians want more action on cost of living and only 20% think the stage-three tax cuts should go ahead

The Guardian - AU

Jim Chalmers appoints outsider and former Bank of England executive director as deputy RBA governor

Rare appointment of outsider Andrew Hauser to senior position comes after review found bank should encourage ‘diverse viewpoints’

The Guardian - AU

Borrowers may wish the government could overrule the RBA but Australia is not Argentina or Turkey

Central banks must be credible to be effective and that means separating rates decision-making from short-term government priorities

The Guardian - AU

Crossbench MPs question family violence response – as it happened

This blog is now closed.

The Guardian - AU

UK central banker nabbed to take over as RBA deputy

Bank of England's Andrew Hauser will be the next deputy governor of Australia's central bank, bringing a "fresh, global perspective" to the key institution.

AAP

Rising Tide action: If Albanese won't stand up to polluters, the people will

Simmering tension has been created by fossil fuel companies that profit at the world's expense.

Newcastle Herald

'Too permissive' merger rules eyed for reform

The federal government is taking a look at merger rules to ensure they are not weighing on competition and allowing firms to charge higher prices.

AAP

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Crikey

Police push deportation over court

Police in NSW and Victoria have lobbied the federal government to deport non-citizens accused of crimes — even before they’ve gone to court, and Prime Minister Anthony Albanese is being hammered by the opposition over whether or not he raised with Xi Jinping Australian Navy divers being injured by Chinese…

AAP

Can Australia be more than backup for big tech?

A tech giant has its eyes on Aussie talent and warns governments against thwarting emerging players who may already be coding the future.

The Conversation

Grattan on Friday: When Labor states don't dance to the Albanese government's tune

It’s helpful for the Albanese government to have all mainland states in Labor hands – but only up to a point.

The Independent UK

Australian central bank lifts benchmark cash rate to 4.35% with 13th hike

Australia’s central bank has lifted its benchmark interest rate for the first time since June with a quarter percentage point hike that brought the cash rate to a 12-year high of 4.35%

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The Guardian - AU

Scrap stage-three tax cuts to fight inflation rather than cut infrastructure funding, Queensland says

Deputy premier Steven Miles says it’s ‘too late’ to cancel projects and any effect on demand is likely to be years away

Crikey

Labor wants to nobble the Productivity Commission on climate policy

The Productivity Commission doesn’t need to be refocused or revamped, as Jim Chalmers wants it to be. We need it calling out bad policy no matter where it is pursued.

AAP

Photo finish looms for Melbourne Cup interest rate call

Australian borrowers could be hit with another interest rate hike at a closely run Melbourne Cup Day cash rate call.

The Guardian - AU

Labor accused of ‘dragging feet’ on reinstating program that monitors airlines for potential price-gouging

Opposition says there’s ‘no excuse’ for further delays on the government reviving the ACCC flight monitoring regime

The Conversation

Grattan on Friday: Treasurer Jim Chalmers pumps up his role in energy transition

Jim Chalmers – as if he doesn’t have enough on his plate – is marching into the centre of energy policy.

Crikey

Abbott makes heavy weather on climate

Tony Abbott says some warnings of extreme global warming are ‘ahistorical and utterly implausible’ and hyped by ‘the climate cult’, and 11 million pensioners, concession card holders and children can now enjoy cheaper healthcare with a $3.5 billion boost to bulk-billing with Medicare.

The Guardian - AU

Reserve Bank will have to raise interest rates again because inflation still too high, IMF says

Fund recommends further monetary tightening by RBA to ensure Australia’s price rises return to target range by 2025

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