The Latest Breaking News from Jim Chalmers

Australia’s cash rate has hit 3.35%, after the Reserve Bank raised interest rates for the ninth time in a row – and signalled more interest rate pain ahead. The 0.25 percentage point rise adds A$90 a month to a $600,000 variable mortgage.

The Reserve Bank has kicked off the New Year with another squeeze on homeowners, lifting its target cash rate to a decade-high 3.35 per cent.

The prime minister will go ahead with the referendum even without bipartisan support, he tells us

New analysis calls for major changes including restrictions on concessions as the country risks having ‘two classes of state-funded retirees’

Jim Chalmers likes to say we need national “conversations” about the economic issues facing the country. Now, just as the new parliamentary year is set to begin on Monday, Chalmers has bought himself a doozy of a conversation, with his essay advocating we embrace “values-based capitalism”.

Tony Abbott leads the praise inside St Mary’s Cathedral while protesters outside face off with funeral attenders in sometimes heated exchanges

The Albanese government is being urged to embark on a range of unpalatable economic and tax reforms to pay for massive spending already baked into its budget.

Australia's economy is tracking toward a soft landing but the International Monetary Fund envisions more cash rate increases in 2023.

Let’s have a sort of “upper-level extension” to the RBA in the fight against inflation, writes Alan Kohler.