Australian economy

RBA hikes cash rate by 25 basis points to highest level in 15 years

The economy is slowing but inflation remains persistent, the Reserve Bank of Australia stated today. The cash rate is now 4.60 per cent, the highest since 2011. Mortgages are about to become even more expensive, the RBA announced today as it bumped the cash rate 25 basis points to 4.60 per cent – the highest […]

Australia’s job market is healthier than it looks

Strong employment growth, high participation and narrowing gender gaps show Australia’s labour market remains in good health, despite signs of a broader economic slowdown, argues Stephen Koukoulas. Australia’s labour market is in good health. This does not mean it is perfect. Far from it.  But considering that perfection in the labour market is as unrealistic […]