Category: Australian Politics

  • Labor rejects declare wage rise responsible for charges hike

    Stay The federal authorities has rejected claims the most recent hike in rates of interest was partially pushed by its resolution to again wage rises for low-paid employees. The Reserve Financial institution of Australia on Tuesday hiked the important thing money rate of interest to 4.1 per cent in one other blow for mortgage holders.…

  • Michael Pascoe: Is the RBA performing out of spite or simply misplaced the plot?

    Passing with out discover in April, the Reserve Financial institution pulled a neat little trick, apparently making a number of billions of {dollars} in losses “disappear”. I’ve heard a hearsay Treasury was shocked to grasp the RBA was technically bancrupt, working at a loss because of marking the worth of its large COVID bond purchases…

  • Report: Victoria’s debt is heading in the direction of $305 billion

    Victoria’s internet debt will rise to $305.3 billion if the federal government doesn’t begin to repay its borrowings, the unbiased price range watchdog has warned. The Parliamentary Price range Workplace on Sunday launched its projections on the state’s debt following the 2023/24 state price range. Treasurer Tim Pallas forecast internet debt will enhance by 10.1…