I did an advanced class at Jujitsu last night, only because it was one of those weird nights when mostly senior belts were in attendance. I think we had one yellow belt on the mat, so we were able to break out the secret techniques. We just put the yellow belt in a corner to do some grading work.
The media release accompanying the Reserve Bank of Australia’s (RBA) 0.25% cut to the official cash rate (OCR) on Tuesday was a fairly vanilla affair that took a neutral stance. The release noted that risks to inflation have become “more balanced”, that policy is now “somewhat less restrictive”. The RBA also remained “cautious about the
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Last year, former federal Treasury official Stephen Anthony warned that Victoria may need a federal “bailout” due to increasing state debt, which reached $27,729 per person in 2023-24. “Victoria is on a suicide mission to record borrowing, just as global interest rates are about to hit 5%”, Anthony warned. “Potholes can’t get filled, emergency departments
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Sorry about the delay on this one, and absence of recent posts. I’ve been in a bit of a rush, getting ready for travel. Will hopefully return to normal service soon.
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
Australian Industry Group’s analysis of data from the Productivity Commission underlines the downturn in the nation’s housing sector. The Ai Group’s report shows that while labour productivity across the economy has increased by 24% over the last decade, this metric has fallen by 14% in relation to overall housing construction over the same period, and
Risk markets in Asia are somewhat mixed in reaction to the flat sessions on Wall Street overnight with the Friday night cut by ratings agency Moody on US debt still reveberating, particularly within bond markets. The Trump regime is still failing to make deals with Japan which is seeing further strength in Yen while today’s
The post Macro Afternoon appeared first on MacroBusiness.
The AEC has now commenced the distribution of preferences for the seat of Calwell. Normally the AEC does not publish distribution of preference data until the count has concluded, but in recognition of the great deal of public interest the AEC has published a page where they will post the latest DoP data after each round of the count.
As widely expected by financial markets and economists, the Reserve Bank of Australia (RBA) lowered the official cash rate (OCR) by 0.25% to 3.85%. In coming to its decision, the statement noted that “inflation continues to moderate”, with “annual trimmed mean inflation (2.9%) was below 3% for the first time since 2021 and headline inflation
Treasurer Jim Chalmers has not ruled out extending the federal government’s $6.8 billion energy rebates again. It was originally meant to expire in mid-2025, but has been extended for another six months. “From budget to budget, we see if we can do more”, Chalmers has said. Some members of Prime Minister Anthony Albanese’s Economic Inclusion