The lender of Canada has become the first G7 country to cut its key policy finance charge rate. The country’s Central lender moved the cash rate down to 4.75 per cent from five per cent, even though inflation remains outside the target range. It has many wondering when other central banks will follow. The European … Read more
Australia’s economy barely grew in the first three months of 2024 and outside of the pandemic, it expanded at the slowest annual rate since the 1990s recession. GDP per capita fell for the fifth consecutive quarter but record population expansion is keeping Australia out of recession. The Treasurer Jim Chalmers blamed the weak expansion on … Read more
Since opening its first restaurant in Sydney 18 years ago, Guzman y Gomez has become the fastest growing fast-food chain in Australia, and boasts 210 restaurants across four countries, including the United States and Japan. GYG is gearing up to go public and intends to list on the ASX on June 20. At $22 a … Read more
The Fair Work Commission has announced Australia’s minimum wage and award wages will increase by 3.75 per cent, taking the national minimum wage to $24.10 per hour or $915.91 per week from July 1. Overall, the FWC estimates the increase to minimum and award wages will affect “about a quarter of all Australian employees”. In … Read more
Say hello to a smarter way to manage your money right from your Moorr app. Track all your lender account balances with just one glance at our intuitive graph, giving you a clear picture of your financial journey. With the Cash Position Chart, you can dive deeper into your finances, sorting them by month or … Read more
The financial Minister Katy Gallagher says the financial plan has delivered a more than $9 billion surplus but do not get used to it, given revenue is falling and spending will be going up. She says this financial plan includes necessary cost of living measures including energy bill relief and rent assistance, that will not … Read more
Australia has some of the world’s largest supply of critical minerals, which are vital in the race to decarbonising the nation. Subscribe: http://ab.co/1svxLVE However, there are rising concerns the field may fall behind. It’s a conversation that looks to be top of the agenda in next week’s spending plan, with hundreds of millions of dollars … Read more
Real estate agents say higher borrowing charge rates are putting off some home buyers. It comes as the Reserve lender left the cash rate on hold at 4.35 per cent. RBA governor Michele Bullock says financial conditions are “particularly restrictive” on households at the moment, and she hopes she doesn’t have to raise rates again. … Read more
A new report by KPMG says Australia’s fiscal and monetary policies are working against each other when it comes to bringing inflation back to target. The report author and KPMG chief economist Brendan Rynne says the Reserve money institution is stomping on the breaks while the government is pressing the accelerator. The report comes after … Read more
Inflation in the March quarter has come in higher than expected, with prices rising by 1 per cent. Annual inflation slowed to 3.6 per cent in the year to March, down from 4.1 per cent in the 12 months to December. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-04-24/inflation-consumer-price-index-march-quarter-finance charge-rates-hecs/103757332 Forecasters are now pushing back their finance … Read more