Business

EDITORIAL: A Government cash splash will be working in direct opposition to the RBA. And looking at the big picture beyond a possible small Government sugar hit, we will all be the losers.

AARON PATRICK: A government that has spent four years splashing cash, driving up inflation and interest rates, is now promising to become fiscally conservative.

War inflation is squeezing the owner of Bunnings, Kmart and Target, with the boss warning higher costs will soon be passed onto customers.

Australia’s biggest steelworks is generating about half the profits it could be from assets like Port Kembla, according to businessman Ryan Stokes, who is leading a takeover bid for the company.

Households could soon be paying an extra $3300 in mortgage repayments in a year, as banks started to pass on the RBA rate hike announced on Tuesday.

Qantas CEO told professional investors travellers would prefer to cut back on drinking or socialising rather than air travel.

The Reserve Bank has raised interest rates by another 25 basis points to 4.35 per cent, undoing last year’s relief. Governor Michele Bullock hinted at more pain and cautioned against higher government spending.

For borrowers, the question is not simply whether rates will rise again, but if paying for certainty now is worth the risk of being locked in later.

The blockade remains, the war began 65 days ago, and the President still has to deal with the question of Iran’s uranium.

Westpac’s chief executive Anthony Miller fears multiple rate rises will spark a recession in Australia.

Tax breaks for electric vehicles will be significantly curtailed in a move expected to save the budget $1.7 billion as Treasurer Jim Chalmers says large cuts across the board will help reduce demand.

Big cuts in next week’s Budget will help reduce demand in the economy as inflation runs hot again, Treasurer Jim Chalmers says as he pledges to deliver a net saving in the bottom line.

A former senior research manager with the Reserve Bank has warned home borrowers of three more rate hikes that would take mortgage rates to levels last seen in 2008.

The regulator’s enquiries are focused on trading last year by Accent boss Daniel Agostinelli, non-executive director Michael Hapgood and an unnamed senior employee.