policy rates

Treasurer Jim Chalmers has issued a sombre warning for all Australians, predicting years of struggle ahead.Addressing the nation in his budget speech on Tuesday night, Dr Chalmers made no secret of the fact that Australia was not immune to…

Westpac is now expecting Australia’s official cash rate to hit 4.1 per cent by May, with three brutal rate hikes looming in the months ahead.If the major bank is correct, it will bring interest rate to an 11-year peak – even higher than…

Australia could well be heading for a recession this year as economic growth stalls and interest rates keep rising, the National Australia Bank has warned.“Looking forward, we see growth slowing sharply as consumer spending comes under…

Australia’s housing market is hurtling headlong into a correction which could burst the property bubble.That’s according to a new report from the International Monetary Fund (IMF), released earlier this month.The research found that…

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