Price limits for support as part of the National Disability Insurance Scheme will increase from next month. The NDIS sets maximum prices registered providers can charge people for disability support and services to ensure participants receive value for money. The limits will rise by nine per cent...
The “R-word” has rattled global financial markets in recent weeks as central banks try to curb inflation, but the risk of a recession in Australia is not on Reserve Bank governor Philip Lowe’s horizon. But Dr Lowe used a long-awaited speech to emphasise that the central...
Australia’s manufacturers are facing the most challenging times in 50 years due to supply headwinds and escalating costs but are benefiting from strengthening demand, a new survey has found. The latest Australian Chamber of Commerce and Industry-Westpac industrial trends survey showed business conditions are expanding and...
The Reserve Bank board is committed to doing what is necessary to ensure inflation returns to the two to three per cent target and households should be prepared for further interest rate rises, governor Philip Lowe has warned. He said while rising inflation had been driven...
Petrol prices have returned to the levels experienced at the time of the March federal budget, but would be a lot higher if not for former treasurer Josh Frydenberg halving fuel excise for six months. Last week the Australian Competition and Consumer Commission said the cut...
It was one of several unconventional monetary policy tools used by the Reserve Bank of Australia during the depths of the COVID-19 pandemic, but a new review has indicated it is unlikely to be used again. The three-year bond yield target was introduced at an emergency...