Australia’s big four banks are now unanimously tipping a rate hike for Tuesday next week after inflation soared even further above the Reserve Bank’s target band.
An underlying inflation figure higher than the RBA's forecast could force it to hike rates, but there's a case for waiting to see how spending data plays out.
Top economist Shane Oliver has warned populist politics is likely to backfire through higher inflation and worsening inequality as governments across the developed world become increasingly interventionist.
THE WASHINGTON POST: The knee-jerk reaction to DeepSeek is a stark reminder that innovation is ever-present and can quickly change the course of the market, especially when it comes to nascent tech.
Westpac is expecting inflation to worsen as electricity rebates are phased out. Chief economist Luci Ellis has revealed what it would take to see the Reserve Bank of Australia raise interest rates again.
Strong copper, iron ore, lithium and gold prices have seen BHP top CBA’s market value, with number two miner Rio Tinto also closing in on Australia’s largest bank.
The US-listed Steel Dynamics has defended the $13 billion offer, rejected the target’s knockback as “very disappointing” and challenged the Australian group to come up with a superior alternative plan.