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Topic: monetary policy
Big business gives the gifts of wage stagnation and credit squeeze this Christmas

Big business gives the gifts of wage stagnation and credit squeeze this Christmas

A credit squeeze following the royal commission and wage stagnation are two big risks to the economy. Both ultimately derive from the same source.

‘Rate cut looms’? The RBA starts to shift ground on interest rates.

‘Rate cut looms’? The RBA starts to shift ground on interest rates.

The Reserve Bank has flagged it is already thinking about cutting, rather than raising, interest rates — a key observation in the wake of a significant reappraisal of our current economic performance.

The AFR’s neoliberal remake of The Usual Suspects

The AFR’s neoliberal remake of The Usual Suspects

Once again, a tiny pack of interest-rate hawks at the Australian Financial Review are demanding the economy be crunched in the name of neoliberal orthodoxy.

Five years of Liberal wage stagnation as pay undershoots again

Five years of Liberal wage stagnation as pay undershoots again

Wage stagnation for Australian workers continued in the June quarter, with private sector employees falling behind inflation. It's become a hallmark of this Coalition government.

Does the RBA’s lower inflation forecast mean no rate rises until the 2020s?

Does the RBA’s lower inflation forecast mean no rate rises until the 2020s?

The Reserve Bank has warned inflation is set to weaken in coming quarters, setting the scene for more years of no interest rate rises.

Property prices bumping up the chance of an interest rate cut

Property prices bumping up the chance of an interest rate cut

A key constraint on further interest rate cuts has vanished as property prices soften in Sydney and Melbourne.

Galahs whinge about inflation result as reality bites

Galahs whinge about inflation result as reality bites

Australia's economy is splitting between a market-controlled sector of low inflation and low wages growth, and a government-controlled sector where things are more like they used to be.

Inflation result may push rate rise off into the 2020s

Inflation result may push rate rise off into the 2020s

Despite all the bluster of those demanding an interest rate rise, inflation remains flat and interest rates aren't going anywhere anytime soon.

Inflation could soon have the galahs squawking

Inflation could soon have the galahs squawking

If the June quarter Consumer Price Index data indicates the slightest shift in inflation, monetary policy obsessives will be raging about the need for a rate rise.

Reserve Bank slaps down monetary galahs

Reserve Bank slaps down monetary galahs

The Reserve Bank has made clear what it thinks of the campaign from neoliberals to push interest rates up out of a fetish for tighter monetary policy.