The Latest Breaking News from the Reserve Bank

Asked to grade Treasurer Jim Chalmers’ third budget on his own criteria of delivering on “inflation in the near term and then growth in the medium term”, most of the 49 leading economists surveyed by the Economic Society of Australia and The Conversation have failed to give it top marks.

This article is part two of The Conversation’s “Business Basics” series where we ask leading experts to discuss key concepts in business, economics and finance.

Mortgage stress in Australia is at its highest level since the global financial crisis but many borrowers are finding it too hard to get help from their bank.

So much for the wage-price spiral — or even for real wages growing. The latest Wage Price Index data show wages growth has peaked and is now falling.

Former RBA board member among experts who say Albanese government’s third budget is likely to at least delay next interest rate cut

We need to avoid replicating the experience of the 1990s, when taming inflation involved destroying the economy

The ASX200 closed marginally higher across most sectors as a medical tech company recorded eight per cent growth in one day.

The Reserve Bank has belatedly acknowledged that its punitive rate rises have inflicted more harm on households than it expected.

Not nearly enough houses are being built to meet growing demand but the federal government is still confident it can meet its 1.2 million homes target.

With hopes for a rate cut gone, there is speculation of another rise before the end of 2024. What factors will sway the Reserve Bank’s decision?

The March-quarter figure makes a cut less likely. Still, the Reserve Bank will probably give more weight to how quickly it can get to its target range