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The Latest Breaking News from Jim Chalmers

Banks stick to rate hike predictions – as it happened

This blog is now closed.

The Guardian - AU

Inflation surprise as rate of price growth slows in May

A softer-than-expected inflation number could be enough to keep interest rates on hold next week but the battle against rising prices is not over yet.

AAP

This year's surplus will be bigger than the $4.2 billion projected at budget time: Chalmers

The surplus for the financial year that ends Friday will be larger than the $4.2 billion forecast in the budget, Treasurer Jim Chalmers will say on Wednesday.

The Conversation

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read the most diverse news in one place.

Easing demand hitting manufacturing sector hard

The outlook for the Australian economy remains gloomy, with the manufacturing sector under pressure from slowing demand and stubbornly high costs.

AAP

Deputy PM says Russia uprising ‘a crack in the edifice’ – as it happened

This blog is now closed.

The Guardian - AU

Labor under pressure to freeze rents as Greens and Coalition back inquiry into housing crisis

Greens urged to back government’s fund as advocates say housing is needed now and politicians need to ‘start taking action’

The Guardian - AU

Treasurers to discuss housing supply, affordability

Housing supply and affordability will be a key issue for the federal treasurer and his state and territory counterparts as the Greens block the housing fund.

The New Daily

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PwC breach of trust ‘deeply disappointing’: Chalmers

Actions taken by consulting firm PwC have been blasted as "deeply disappointing" by Treasurer Jim Chalmers, who says people are right to be "filthy".

The New Daily

‘Big call’ on RBA governor to be made in July

The next governor of Australia's central bank will be announced in July, Treasurer Jim Chalmers says, amid mounting speculation.

The New Daily

Dutton’s climate ‘stunt’ sacrifices tax cut promise: Labor

The Coalition risks sacrificing an election promise on small business tax cuts to pull a political stunt on climate change, Labor claims.

The New Daily

Australian government seeks urgent legal advice on double dissolution over housing bill standoff

Labor used question time to pile pressure on the Greens, accusing them of caring more about retweets than rentals

The Guardian - AU

Chalmers trumpets new employment growth numbers

Australia is outperforming major advanced economies on employment growth, with more people – and women – working than ever before.

The New Daily

Gas code promises secure supply at 'reasonable' prices

A code of conduct will be imposed on gas producers to avert future price shocks for consumers but the industry fears it could stymie investment in new supply.

AAP

Michael Pascoe: In defence of the RBA (no, seriously)

The RBA and whoever happens to be in government right now want unemployment up above 4 per cent to 4.25 or 4.5 per cent.

The New Daily

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news in one place.

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The New Daily

Madonna King: Listen up Albo, the Voice coming out of the suburbs is all about the cost of living

The impacts of cost of living on voters should give our economic decision makers pause, and with good reason, writes Madonna King.

The Conversation

Grattan on Friday: Labor caught in pincer movement of fighting inflation and delivering to its constituency

During the election campaign Anthony Albanese repeated, endlessly, that everything was going up except people’s wages.

The New Daily

Treasurer signs off on cheques with reforms to the way we pay

Jim Chalmers has announced changes are on the way for Australia's payments system, with cheques and direct debits among the most major.

The Guardian - AU

Afternoon Update: Lowe says struggling Australians could work more; Fraser Island renamed K’gari; and the origins of masturbation

RBA governor warns against idea that all workers’ wages should rise in line with inflation

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The Guardian - AU

Interest rates blame game continues – as it happened

This blog is now closed

The Guardian - AU

Australian economy grew 0.2% in first three months of the year, the slowest since Covid lockdowns

Jim Chalmers says higher interest rates and cost-of-living pressures are squeezing household budgets and slowing the economy

The New Daily

Michael Pascoe: Is the RBA acting out of spite or just lost the plot?

Passing without notice in April, the Reserve Bank pulled a neat little trick, apparently making multiple billions of dollars in losses “disappear”. I’ve

The Guardian - AU

Death of the cheque by 2030 as Australia embraces digital payment reforms

Jim Chalmers says phasing out will be ‘gradual, coordinated and inclusive’ as he announces modernisation plan

The Conversation

Why Reserve Bank Governor Philip Lowe wants to damage the economy further

Reserve Bank Governor Philip Lowe and his board have pushed up interest rates yet again – for the twelfth time in 14 months – because they want to damage the economy further.

The New Daily

‘Difficult to understand’: Mortgage bills to rise again as RBA hikes interest rates in June

Australian households will be forced to endure a 12th hike in interest rates after the Reserve Bank moved to push up mortgage bills in June.

The Guardian - AU

Afternoon Update: Kathleen Folbigg dubbed ‘our Lindy Chamberlain’; Jacinda Ardern becomes a dame; and Barbie film drains world of pink paint

An inquiry heard that Folbigg and her two daughters had rare genetic variation and her son may have died from an underlying disorder

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