Several factors including the strong labour market, build-up in savings, high levels of low fixed rate mortgages, and the recent turnaround in house prices have been supporting consumption in the second quarter of 2023. But as many mortgages roll over to higher variable rates over the coming ...
Explore the National Accounts December 2023 in Ten Charts PDF (1 MB) Households pull back on non-essential spending as cost-of-living pressures bite Household consumption remained subdued as the impact of higher interest rates and ongoing cost of living pressures continue to flow through the econ...
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Paul, Mark
Federal Reserve chairman Jerome Powell plans to address sky-high inflation by hiking interest rates — acknowledging that doing so will suppress wages and worker power. It’s a response that will force workers to bear the brunt of the inflation crisis. ...
These rates are subject to final legislation. Tax File Numbers Every income earner in Australia should have a tax reference number, called a Tax File Number, and when this is quoted to Employees and Banks (for interest payments), etc., tax is deducted from income at the current rates. ...
The Reserve Bank of Australia has held rates steady at 4.35% since November 2023 after a rapid 425 basis-point hike since May 2022. Markets expect the RBA to ease policy by year-end, though the central bank has maintained the option to tighten. Credit growth remains restricted, ev...
Whether you're hiring your first employee or scaling your workforce, here's what you need to know about minimum wage rates in Australia.
rates from 0.10% to 4.35% in 2023, loan growth slowed, and financial firms’ margins compressed as the country’s yield curve flattened. As a result, Australian Financials and Real Estate stocks, which had peaked from higher levels in 2021, were rangebound throughout 2022 and 2023 and...
Furthermore, the persistence in the low-volatility state is increased in the presence of the carbon tax. This conclusion is particularly relevant for macroeconomic and investment considerations because the increased uncertainty in electricity prices can significantly influence firms’ investment decisions and...