The central bank governor has reassured Australian households and businesses inflation will come down, but further rises in interest rates will be needed in the short term. Financial markets are already pointing to an average inflation rate over the next ten years of “two point something”,...
Taxpayers will find the upcoming government budget update confronting, Treasurer Jim Chalmers says. Dr Chalmers said his government had inherited the “trickiest set of economic conditions” in memory. He is set to provide the latest debt forecast on July 28 during the first parliamentary sitting week of...
The ANZ is tipping the cash rate will hit 3.35 per cent this year, with the Reserve Bank conceding first-home buyers are most vulnerable to defaulting, with many facing 40 per cent higher repayments by the end of 2023. In an address to the Economic Society...
BHP says it will review the planned lifespan of its seven central Queensland mines after the Palaszczuk government unexpectedly hiked coal royalties. At current spot prices, the taxes, which were levied last month, effectively increase the royalty rate seven percentage points, to 19 per cent. “The near...
A gas supply guarantee has been triggered by the national energy market as Victoria faces a winter gas shortage. Victorian Energy Minister Lily D’ambrosio said the gas supply guarantee was triggered by the Australian Energy Market Operator on Tuesday afternoon, as reserves at a storage facility...
Two sub-orbital rockets will be launched from South Australia following federal government approval for the missions. Rocket manufacturer ATSpace and spaceport provider Southern Launch will launch the Kestrel I rockets from the Whalers Way complex on Eyre Peninsula in coming months. The VS02 and VS03 missions will...