economy
Heated inflation figures put rate hike firmly in play
25 October
The latest inflation data has come in hotter than expected and may stir the Reserve Bank into a Melbourne Cup Day rate hike. Consumer prices as tracked by the Australian Bureau of Statistics rose 1.2 per cent over the three months to September, up...[Read More]
Financial boost on the way for working pensioners
18 October
Seniors will soon be able to earn more money without their fortnightly age pension being affected. Laws introduced to federal parliament on Wednesday will give a $4000 boost to those on the pension who are also doing some paid work. Under the...[Read More]
Welcome progress on inflation as rate hikes take effect
30 August
The pace of inflation has slowed more than expected, suggesting the Reserve Bank’s rapid-fire interest rate hikes are working. The Australian Bureau of Statistics reported a healthy moderation in its monthly consumer price index to 4.9 per cent in...[Read More]
Report to shine light on future economic shifts
16 August
Australia’s long-term economic outlook is set to be revealed next week with the release of the latest Intergenerational Report. Treasurer Jim Chalmers will release the report at an address to the National Press Club next Thursday which will...[Read More]
Soft landing tipped for economy as RBA trims inflation
2 August
A soft landing for the economy remains on the cards as the Reserve Bank maintains it’s possible to drive down inflation without sacrificing growth. Australia’s central bank opted on Tuesday afternoon to keep interest rates on hold in a move that...[Read More]
July 2023 RBA Meeting
14 July
Contributor: Troy Hampton, Financial Adviser Prior to the RBA meeting in July ’23 economists were almost evenly divided between those calling for a rate rise and those expecting a hold. Following their July board meeting, RBA released that they...[Read More]
Few plan to spend tax returns as economy stalls
12 July
Just one in 20 Australians plan to splurge on big-ticket items when their tax returns come through, with most opting to squirrel them away or pay down debt. Amid acute cost of living pressures and a string of interest rate rises, surveying by...[Read More]
Australia not expected to enter recession.
5 July
Acting Treasurer Katy Gallagher has called on the states and territories to better “phase” their massive infrastructure projects, but stopped short of labelling them inflationary. Senator Gallagher said the federal government was working with...[Read More]
Inflation surprise as rate of price growth slows in May
28 June
A sharp fall in consumer prices will take pressure off the Reserve Bank, but persistent growth in rents and services will keep further rate hikes in play. The consumer price index sunk back to 5.6 per cent in the year to May, from 6.8 per cent in...[Read More]
Interest Rates – Heard Financial Update
9 May
Contributor: Troy Hampton, Financial Adviser Why are interest rates rising? Interest rates are an instrument with which central banks can control the level of domestic inflation. By raising or reducing interest rates, central banks...[Read More]