Unemployment has officially risen, meaning the Reserve Bank should cut interest rates. But the jobs market is actually still performing well.
Wage Price Index data for the March quarter show wages going nowhere except in health and education — a reflection of the government's policy of wage stagnation.
The Reserve Bank declined to cut rates yesterday but flagged that unless unemployment falls, monetary policy will ease.
The RBA has been watching Trump’s trade war threats for some time. Will his recent comments affect today's decision?
Major banks increased interest rates because their borrowing costs went up -- but left them there when costs went back down again. Now NAB is complaining an interest rate cut will hurt its profits.
The Reserve Bank has been watching unemployment closely to decide if interest rates needed to be cut. But now, inflation has thrown a spanner in the works by falling in the March quarter, reflecting a weakening economy.
The only economic issue in the coming election should be household income and how wages policy can lift it.
The Reserve Bank has the luxury of waiting for new data to clarify the state of the economy, but Josh Frydenberg has had to prepare the budget amid general confusion about whether the economy is slowing.
The Reserve Bank has confirmed that income taxes have risen far more quickly than usual in recent years, demonstrating the Coalition's claim to being the big tax party of Australian politics.