The jobs market is too strong, and the unemployment rate too low for the Reserve Bank to stamp down inflation. RBA deputy governor Michele Bullock says an unemployment rate of around 4.5 percent is roughly the lowest possible level that’s consistent with the RBA’s two-to-three per cent inflation target. The jobless rate has been stuck…
RBA Says Jobs Market Too Tight to Control Inflation
June 20, 2023
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Experts Tipping December Interest Rate Rise
The Reserve Bank governor has left his options open ahead of the final cash rate decision of the year, with experts leaning towards another rate rise for December. Speaking on a panel of central bankers on Friday, Philip Lowe said it was possible to execute a soft landing for the economy. “But it’s going to be…
Curb Inflation With 5 Credit Card Perks
June 13, 2022
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As prices on goods and services continue to rise because of inflation, scaling back expenses isn’t the only way to free up cash to cover essentials. Credit cards can feature valuable perks for new applicants, whether your goal is to pay off debt or save on costs. Even if you already have a card, you…
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