The unemployment rate is going to rise. But businesses will continue to struggle to find talent. This poses a big challenge for the government ahead of the May budget.
Reserve Bank of Australia
RBA
While buy now, pay later and debit cards have dominated headlines, venerable American Express has been quietly growing its market share and lending.
The banks have been quick to increase mortgage rates. But when the RBA starts cutting, will they be as fast to do the same?
Michele Bullock navigated the media smoothly on Tuesday at the Reserve Bank’s 45 minute post-interest rate decision press conference. But there was one moment where she looked a little strained.
The RBA has raised concerns about the risks to Australia from a faltering Chinese economy, as it left rates steady at 4.35%.
The Reserve Bank is counting down the hours until it lifts the curtains at Martin Place for its revamped monetary policy decision.
Economists think Australia's tightening cycle might be over. But a shift to interest rate cuts is still some distance away.
Weak retail sales data is just the latest sign that the economy is struggling, but investors are still pushing the ASX to new heights in anticipation that rate cuts will come sooner rather than later.
In just over a decade, payments fintechs have built a 25% market share in the big bank-dominated merchant payment processing sector, an opaque but crucial business.
Peter Costello's final media call at the Future Fund was more a parting message to investors than a farewell.
More and more merchants are surcharging you just to pay them. It's hitting the tips of waiters and also distorting price signals in the payment system.
Piloting the nation out of financial turbulence is difficult. But the RBA looks like it might achieve one of the trickiest economic manoeuvres: a soft landing.
International payments are among the most expensive and least transparent in the financial system, and ripe for reform. But the shift to a harmonised, real time system has been anything but swift.
The new year promises reprieve for margin-crunched bank investors — at least if the ASX bank index can be believed. But not everyone thinks it can.
Equities and money markets have been buzzing for weeks over the potential for rate cuts in many economies this year, but there are growing doubts whether Australia will be among them.
When will the cost-of-living crisis end? Economists think we're at, or near, the worst of it. But it's less clear when things will get better.
An asset class is very different to an instrument of the financial system. Following SEC approval of bitcoin ETFs, the cryptocurrency is the former, not the latter.
The Reserve Bank is having a makeover moment for the new year. But what does its 2024 glow up look like?
In his first press conference of the new year, the treasurer highlighted Australia’s wage growth as he cautioned that progress in the fight against inflation isn't a 'straight line'.
The festive season is a crucial proving ground for how spenders and sellers want to transact. Will more want to do it on the real-time NPP this year?
The RBA probably won’t be too far behind the US in the switch from tightening to an easing cycle. But, to quote the Fed's Jerome Powell, it's "far too early to declare victory”.
Imperium Markets will launch a major research project into digitalising the $3 trillion wholesale bond and deposit market and running it on blockchain.
It's been a difficult year for many Australians, with rising prices and interest rates putting a strain on budgets. But the RBA thinks it could improve in 2024.
Bitcoin is nearing two-year highs, institutional money is engaging, and ETFs are on the horizon. But would you hold cryptocurrency as a nest egg or inflation hedge? And when was the last time you bought something with crypto?
New research finds a disconnect between how loan books and equity markets are judging the risks of climate change.
The Australian economy "hit a wall" in the September quarter, which is fuelling criticism of the RBA's interest rate hikes.
Philip Lowe's comments about interest rates at an event in Hong Kong have been criticised as inappropriate at a time when his successor is still dealing with the inflation challenge.
Major bank partnerships, raisings and actual profits signal there's some optimism in fintech, but capital and startups are in short supply.
It has taken a hot minute and a lot of rate rises to slow down inflation. What this actually tells us about the effectiveness of interest rates isn't so clear cut.
Cryptocurrencies dominate the headlines around blockchain and tokenisation, but crypto purists are awakening to the world outside currencies and assessing other assets worth vastly more.
