Tag: hike
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‘Unfair’: Australians dealing with increased cocktail costs as authorities prepares to hike alcohol tax
Australians are dealing with even increased costs for cocktails and different spirit-based drinks because the federal authorities hikes taxes once more this week. A controversial excise on spirits will attain $100 a litre below the most recent twice-annual inflation indexation of the tax in a transfer the trade warns will find yourself hurting shoppers nationwide.…
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The pondering behind the RBA’s ‘hawkish pause’ in not inflicting one other fee hike
Commentators will run a fine-tooth comb by way of what Philip Lowe has to say subsequent following the Reserve Financial institution’s resolution to maintain rates of interest on maintain this month. The central financial institution has been climbing charges to rein in inflation, however in July stored them regular at 4.1 per cent at its…
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NSW cuts a ‘no-cost deal’ to hike well being staff’ pay
A $3500 wage increase for NSW’s low-paid well being staff is not going to price taxpayers an additional cent, the state’s well being minister says. The settlement struck between the well being minister and Well being Companies Union on Friday morning got here because the union threatened industrial motion throughout the state’s hospitals subsequent week.…
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RBA mulls one other rate of interest hike at July assembly
The Reserve Financial institution is poised for one more knife’s edge rates of interest resolution on Tuesday, with key forecasters predicting a hike amid fears the battle in opposition to inflation is proving too gradual. Relying on which manner central bankers swing, the money fee goal will both keep at 4.1 per cent or rise…
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‘Finely balanced’: June rates of interest hike was sparked by recent inflation fears, minutes reveal
The Reserve Financial institution’s choice to boost rates of interest to a recent decade excessive in June was “finely balanced”, with fears inflation will fall too slowly finally pushing central bankers in the direction of one other mortgage squeeze. Assembly minutes printed Tuesday confirmed the RBA is worried its plan to convey inflation again to…
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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.…
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Worst mortgage stress since GFC as Reserve Financial institution board ponders charges hike
One other 30,000 Australians might be thrown into threat of mortgage stress if the Reserve Financial institution raises rates of interest on Tuesday, based on estimates from Roy Morgan, which is monitoring the most important rise in mortgage pressure since 2009. About 1.3 million Australians are actually thought-about “in danger” of mortgage stress, up 10.2…
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‘Razor’s edge’: Duelling futures for mortgage payments as RBA mulls June rates of interest hike
The RBA will resolve this week whether or not to boost mortgage payments for tens of millions of Australian households once more, or ship a June reprieve and pause rates of interest to examine the financial temperature. In a single situation, one other $78 will likely be added to month-to-month repayments on a typical $500,000,…
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Minimal wage hike reveals gender inequality
The minimal wage will enhance 8.6 per cent in July, with feminine employees to be probably the most affected because the Truthful Work Fee (FWC) dedicated to focusing extra on gender equality in future opinions. This minimal wage hike quantities to a pay enhance of $1.26 per hour, or $48 per week. The nationwide minimal…