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The Latest Breaking News from Jim Chalmers

Reserve Bank Governor Lowe announces changes to bank's operations as cabinet readies to approve who will lead it

Reserve Bank Governor Philip Lowe has announced a raft of reforms the bank will make following the recent review of its operations, as the government prepares to announce who will lead it after his term expires in September.

The Conversation

RBA to cut number of meetings that set interest rates to eight a year, Philip Lowe says

Lowe’s speech may be his last as Reserve Bank governor before treasurer Jim Chalmers announces whether his term will be renewed

The Guardian - AU

Robodebt haunts Stuart Robert in Fadden

Labor goes hard at former Coalition minister Stuart Robert in attack ads about robodebt before Saturday’s Fadden byelection, and 115 people were illegally held in detention for a total of 2946 days because of Home Affairs Department administrative errors.

Crikey

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Voice needed for change, Davis says – as it happened

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The Guardian - AU

Chalmers 'measures what matters' – tracking our national wellbeing in 50 indicators

Australia’s first national “wellbeing framework”, to be released by Treasurer Jim Chalmers within weeks, will provide about 50 indicators of how Australians are doing, that will then be tracked over time.

The Conversation

Who is in the race if Jim Chalmers decides to replace Philip Lowe as RBA governor?

From Canberra insiders to an outsider described as ‘borderline brilliant’, here are the runners and riders for the Reserve Bank’s top job

The Guardian - AU

‘It’s crippling families’: parents say childcare centres pushing up rates as Labor’s subsidy kicks in

Experts warn early learning centres may seek to capitalise on government’s scheme, which comes into effect from early July

The Guardian - AU

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Jim Chalmers: can you dig it?

Treasurer Jim Chalmers will tell a mining conference today that we don’t need to choose between mining and renewable energy, and independent MP for Kooyong Monique Ryan has claimed 27 business class flights worth $28,000 in her first year in Parliament.

Crikey

Call to crack China's dominance in critical minerals

Global demand for Australia's critical minerals is giving Treasurer Jim Chalmers optimism about mining's future in a net-zero emissions world.

AAP

Banks stick to rate hike predictions – as it happened

This blog is now closed.

The Guardian - AU

Big bang for budget bucks

Treasurer Jim Chalmers will reveal today that a jobs boom and company profits have helped drive the surplus above $4.2 billion, and the Morrison government’s HomeBuilder scheme was a dud which made building and renovating more expensive.

Crikey

Inflation surprise as rate of price growth slows in May

A softer-than-expected inflation number could be enough to keep interest rates on hold next week but the battle against rising prices is not over yet.

AAP

This year's surplus will be bigger than the $4.2 billion projected at budget time: Chalmers

The surplus for the financial year that ends Friday will be larger than the $4.2 billion forecast in the budget, Treasurer Jim Chalmers will say on Wednesday.

The Conversation

Easing demand hitting manufacturing sector hard

The outlook for the Australian economy remains gloomy, with the manufacturing sector under pressure from slowing demand and stubbornly high costs.

AAP

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The Guardian - AU

Deputy PM says Russia uprising ‘a crack in the edifice’ – as it happened

This blog is now closed.

The Guardian - AU

Labor under pressure to freeze rents as Greens and Coalition back inquiry into housing crisis

Greens urged to back government’s fund as advocates say housing is needed now and politicians need to ‘start taking action’

The New Daily

Treasurers to discuss housing supply, affordability

Housing supply and affordability will be a key issue for the federal treasurer and his state and territory counterparts as the Greens block the housing fund.

The New Daily

PwC breach of trust ‘deeply disappointing’: Chalmers

Actions taken by consulting firm PwC have been blasted as "deeply disappointing" by Treasurer Jim Chalmers, who says people are right to be "filthy".

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The New Daily

‘Big call’ on RBA governor to be made in July

The next governor of Australia's central bank will be announced in July, Treasurer Jim Chalmers says, amid mounting speculation.

The New Daily

Dutton’s climate ‘stunt’ sacrifices tax cut promise: Labor

The Coalition risks sacrificing an election promise on small business tax cuts to pull a political stunt on climate change, Labor claims.

The Guardian - AU

Australian government seeks urgent legal advice on double dissolution over housing bill standoff

Labor used question time to pile pressure on the Greens, accusing them of caring more about retweets than rentals

Crikey

Boomers are still spending. We need to hike taxes, not interest rates, to fight inflation

A mixture of corporate and consumption taxes would be appropriate, even if it is a solution few people are talking about.

The New Daily

Chalmers trumpets new employment growth numbers

Australia is outperforming major advanced economies on employment growth, with more people – and women – working than ever before.

AAP

Gas code promises secure supply at 'reasonable' prices

A code of conduct will be imposed on gas producers to avert future price shocks for consumers but the industry fears it could stymie investment in new supply.

The New Daily

Michael Pascoe: In defence of the RBA (no, seriously)

The RBA and whoever happens to be in government right now want unemployment up above 4 per cent to 4.25 or 4.5 per cent.

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