interest rates

Iron ore price: China’s worrying sign for Australia as fears rattle our biggest export

Iron ore price: China’s worrying sign for Australia as fears rattle our biggest export

One of Australia’s top weapons against widespread economic hardship is being tested by a concerning situation in China. When the Global Financial Crisis hit back in 2008, one of the key strengths that pulled Australia through without the hardships seen elsewhere in the world was its abundance of natural resources. The most lucrative of all …

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ACTU Secretary Sally McManus says Reserve Bank in ‘boomer fantasy land’ over wage-price spiral fears

ACTU Secretary Sally McManus says Reserve Bank in ‘boomer fantasy land’ over wage-price spiral fears

ACTU Secretary Sally McManus says the Reserve Bank is out of touch and living in “boomer fantasy land” if it thinks workers can afford real cuts to their wages. Key points: Ms McManus says the RBA was not “in touch with reality” She argues unions are incapable of delivering across-the-board wage rises in line with …

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Reserve Bank Governor Philip Lowe warns inflation will hit 7 per cent this year

Reserve Bank Governor Philip Lowe warns inflation will hit 7 per cent this year

As Australia’s cost of living nightmare gets worse by the day, one of the nation’s top bosses has warned of the reality of what’s to come. Federal Treasurer Jim Chalmers has warned inflation is Australia’s “defining challenge” after Reserve Bank governor Philip Lowe predicted it will hit 7 per cent this year. In a speech …

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Bitcoin price under threat as expert warns that crypto winter has become ‘polar vortex’

Bitcoin price under threat as expert warns that crypto winter has become ‘polar vortex’

The crypto winter has just got even colder, an expert has warned, with another bloodbath on the way. The crypto winter has just got even colder, an expert has warned. Instead of being simply winter, cryptocurrency is now caught up in a “polar vortex”, a senior executive at one of the world’s largest banks said …

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