The RBA has kept rates on hold, with financial markets betting the cash rate won’t move until at least January 2020.
Labor promised to overhaul negative gearing if elected, but the potential for more downward pressure on house prices will be of significant concern to homeowners.
The RBA’s decision to keep the cash rate on hold marks the two year anniversary of the last change; the longest period of interest rate stability on record.
For Australia and its citizens the long-term ramifications of a US-China trade war could be slow – but painful.
A firmer US dollar and steady local interest rates could see the Aussie dollar fall further, writes David Basssenese.
The RBA has left the cash rate on hold at 1.5% despite smaller banks and non-banks pushing mortgage interest rates higher,
Treasurer Scott Morrison said the 2017-18 deficit will be $18.2 billion, less than half what it was two years ago. Is the move back to a surplus a sign of a strengthening economy?
Treasurer Scott Morrison will unveil his third Federal Budget, his last before the next election, in Canberra tonight. We’re bringing you live updates from Budget Night.