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The Latest Breaking News from Jim Chalmers

China GDP growth falls short of expectations as sinking property prices hit economy

Data shows the economy grew just 0.8% in the June quarter, down from 2.2% in the first three months of 2023

The Guardian - AU

Easing global inflation story takes pressure off rates

Moderating inflation around the world could help the Reserve Bank build the case for an extended pause on interest rates.

AAP

‘A lethargic result’: Labor says it is ridiculous for Peter Dutton to take heart from Fadden byelection win

Deputy prime minister Richard Marles says byelection swing to LNP was ‘half the average swing you would expect against a sitting government’

The Guardian - AU

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'I have a mountain of respect' for Lowe: Treasurer

Treasurer Jim Chalmers is unable to say if inflation can come back down without a rise in unemployment but declined to comment on the RBA's July rate decision.

AAP

Hundreds charged after NSW domestic violence operation; South Australia moves to ban no cause evictions – as it happened

This blog is now closed.

The Guardian - AU

Coalition to target 'Albo-nomics' after Fadden win

Following an LNP win in a Queensland by-election, Deputy Liberal leader Sussan Ley will spearhead a coalition attack on Labor's economic management.

AAP

'No comfort' for Peter Dutton after Fadden by-election

Labor has described the Liberal National Party's win in the Fadden by-election as "pretty lethargic", as cost of living issues bite.

AAP

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Michele Bullock spells continuity at RBA – but respite unlikely for borrowers

The new chief was one of the board members raising interest rates, but has been brought in to reform the central bank

The Guardian - AU

RBA lifer Michele Bullock may have the luck of playing good cop to Philip Lowe’s bad

The Reserve Bank of Australia’s first female governor will begin her appointment at or very near the end of the cycle of rate rises

The Guardian - AU

Politics with Michelle Grattan: Treasurer Jim Chalmers on Michele Bullock's appointment as Reserve Bank Governor

For months, speculation has swirled about the appointment of a new governor of the Reserve Bank, a key position in the management of the Australian economy.

The Conversation

Meet Michele Bullock, the RBA insider tasked with making the Reserve Bank more outward-looking as its next governor

Australia’s next Reserve Bank governor, Michele Bullock – the first woman in the job – will take office in September at a time when much of the bank’s work in fighting inflation will be done and its focus will be on changing the way it operates.

The Conversation

Reserve Bank veteran Michele Bullock becomes first woman governor, replacing Philip Lowe

The government has appointed Michele Bullock the new governor of the Reserve Bank – the first woman to occupy the post.

The Conversation

Michele Bullock named as new governor of the RBA and first woman to lead central bank

Bullock replaces current Reserve Bank of Australia chief Philip Lowe, whose term expires in September

The Guardian - AU

First woman to lead Reserve Bank as Lowe exit locked in

Philip Lowe will leave his post as head of the Reserve Bank, with Michele Bullock the first woman picked to lead Australia's central bank.

AAP

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The Conversation

Reserve Bank Governor Lowe announces changes to bank's operations as cabinet readies to approve who will lead it

Reserve Bank Governor Philip Lowe has announced a raft of reforms the bank will make following the recent review of its operations, as the government prepares to announce who will lead it after his term expires in September.

The Guardian - AU

RBA to cut number of meetings that set interest rates to eight a year, Philip Lowe says

Lowe’s speech may be his last as Reserve Bank governor before treasurer Jim Chalmers announces whether his term will be renewed

The Guardian - AU

Voice needed for change, Davis says – as it happened

This blog is now closed.

The Conversation

Chalmers 'measures what matters' – tracking our national wellbeing in 50 indicators

Australia’s first national “wellbeing framework”, to be released by Treasurer Jim Chalmers within weeks, will provide about 50 indicators of how Australians are doing, that will then be tracked over time.

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The Guardian - AU

Who is in the race if Jim Chalmers decides to replace Philip Lowe as RBA governor?

From Canberra insiders to an outsider described as ‘borderline brilliant’, here are the runners and riders for the Reserve Bank’s top job

The Guardian - AU

‘It’s crippling families’: parents say childcare centres pushing up rates as Labor’s subsidy kicks in

Experts warn early learning centres may seek to capitalise on government’s scheme, which comes into effect from early July

AAP

Call to crack China's dominance in critical minerals

Global demand for Australia's critical minerals is giving Treasurer Jim Chalmers optimism about mining's future in a net-zero emissions world.

The Guardian - AU

Banks stick to rate hike predictions – as it happened

This blog is now closed.

AAP

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.

The Conversation

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.

AAP

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.

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