A ratcheting up in spending by federal and state governments under Liberal and Labor has pumped more money into the economy and made the RBA’s job harder.
Australian shares are set to open up. US stocks attempt afternoon rally. Brent falls below $US80 a barrel. NAB, Orica and Xero to release earnings results.
Former RBA Board member on ways to lower Australian inflation (& why RBA will hike today) forexlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexlive.com Daily Mail and Mail on Sunday newspapers.
The Greens say banks received too much financial benefit from cheap pandemic era funding from the RBA, but governor Michele Bullock says it helped consumers.
The RBA has reported significant financial losses, now amounting to some $43 billion, resulting from its extraordinary pandemic stimulus measures. These.