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RBA not concerned about stagflation or wage-price spiral
RBA not concerned about stagflation or wage-price spiral Thu 4 Jun 2026 at 5:49pm In short: RBA governor Michele Bullock says the war in the Middle East is creating a "highly uncertain" environment that could see inflation rising even higher than anticipated. But she is not concerned about stagflation occurring in Australia, nor a wage-price spiral. The RBA Board's next two-day monetary policy meeting will be held on June 15 and 16.
Property and the budget ease pressure on the RBA
analysis Property and the budget ease pressure on the RBA as two banks cut fixed rates Tue 9 Jun 2026 at 4:50am The older you get, the more frenetic the pace of life seems to become. No matter where you look, social, political and economic change appears to be in overdrive, and the long periods of stability we once enjoyed are becoming increasingly short-lived. Just look at the Reserve Bank.
Bullock says RBA will re-tender KPMG whistleblower hotline contract amid scandals
KPMG audits the RBA and runs its whistleblower hotline but maybe not for much longer Fri 5 Jun 2026 at 5:00am In short: The Reserve Bank will re-tender its whistleblower hotline service contract after KPMG has been caught up in a swirl of scandals. Governor Michele Bullock says KPMG, engaged by the Australian National Audit Office, audits the bank's financial statements. The Greens have called on the federal government to ban KPMG from all government contracting work.
Demand for Australia Seven-Year Debt Climbs as RBA Signals Pause
View from the penthouse at One Barangaroo Crown residences in Sydney. Photographer: Brent Lewin/Bloomberg
Australia's economic slowdown is just beginning, the experts warn
Australia's economic slowdown is just beginning, economists warn, as recession risks rise Thu 4 Jun 2026 at 5:16am Australia's economic slowdown is just beginning, economists warn, as interest rate rises and cost-of-living pressures weigh on households. The economy grew just 0.3 per cent in the first quarter of 2026, the Australian Bureau of Statistics revealed on Wednesday, but the figures only captured the first month of the Middle East war. "Surging inflation, sky-high oil prices and...
Live: Oil prices down almost 3pc as traders bet on Middle East peace
live Live market updates: Oil prices down, ASX to rise, tech stocks falter Brent crude has dropped almost 3 per cent overnight, as oil traders bet on a peace deal in the Middle East. Meanwhile, the ASX is set to trade up today after another strong session on Wall Street overnight. Follow the day's financial news and insights from our specialist business reporters on our live blog.
Live: ASX to fall, SpaceX eyes mega IPO
live Live market updates: ASX tipped to open lower, SpaceX eyes $US135-a-share for mega IPO The ASX is set to fall after Wall Street pulled back from record highs as renewed Iran war fears hit risk appetite. Oil prices also climbed on fresh Middle East tensions. Meanwhile, all eyes are on SpaceX after it set a $US135-a-share IPO price for what could be the biggest float in history.
ASIC names two KPMG partners it is formally investigating over audit scandal
ASIC names two KPMG partners it is formally investigating over audit scandal Fri 5 Jun 2026 at 5:15pm In short: ASIC has named KPMG's former chief operating officer Eileen Hoggett and audit partner Paul Rogers as two of the individuals it is investigating over the audit scandal. ASIC told a Senate estimates committee today it was formally investigating KPMG and that it still had eight current contracts with the firm. Current and former KPMG partners will appear before a parliamentary inquiry...
Australians have become housing hostages. Will the budget set them free?
analysis Australians have become housing hostages. Will the budget set them free? Wed 3 Jun 2026 at 4:50am Australians have been held hostage to the housing market for the better part of this century.
Breaking: Australia's economy growing at 2.5 per cent annually as slowdown begins
Australia's economy growing at 2.5 per cent annually as slowdown begins Wed 3 Jun 2026 at 11:42am Australia's economy grew at an annual rate of 2.5 per cent in the March quarter, the same as in the previous quarter. But on a quarterly basis, the economy grew by just 0.3 per cent, which was much weaker than the 0.9 per cent recorded in the previous quarter. The slowdown in the quarterly rate of growth coincided with the Reserve Bank's decision to lift interest rates in February and March.