A conflict at the heart of the Reserve Bank’s mandate could determine the outcome of its next interest rates decision. Minutes from the central bank’s March meeting published on Tuesday revealed a split between the five members who voted for a hike in the cash rate...
Australia’s universities and research institutions are at the forefront of robotics innovation, but the nation is still failing to translate that into scalable solutions to drive economic activity. Additional public and private investment in the sector could add $201 billion to the country’s economy by 2040,...
Economists at Australia’s largest lender have issued a dire warning for consumers, forecasting inflation to scale new heights as hopes of a quick resolution to the Iran war fade. The Commonwealth Bank (CBA) expects headline inflation to peak at 5.4 per cent by June – 1.4...
Australia’s two largest property markets could be entering a downturn as rising inflation and interest rates squeeze prospective buyers. But while the Middle East conflict will take some steam out of price growth, Australia’s chronic undersupply of housing continues to support property values across the country. Cotality’s...
Motorists will need to wait longer for cheaper fuel as a tax cut might take weeks to start flowing through the bowser, as Labor resists turning to fuel rationing to shore up supply. The federal government’s halving of the fuel tax will begin on Wednesday, slashing...
Demand for electric cars could get a second boost with the launch of a $100 million scheme offering discounted loans on low-emission vehicles. The Clean Energy Finance Corporation released details of the multimillion-dollar program on Wednesday after signing a deal with Volkswagen Financial Services Australia. Consumers and...