Michael Janda is the ABC News Business Editor. He was the ABC’s first Business and Finance Cadet in 2008, and has since worked reporting on finance, business and economics across online, radio and TV, before becoming the inaugural Digital Lead for the Business Reporting Team. Michael’s time at the ABC has also included stints as a producer on Lateline Business and Business Today, and reporting roles with Lateline Business and The Midday Report on TV, and The World Today, PM and ABC News on radio. Michael holds a first-class honours in Political Economy from the University of Sydney and a law degree from UTS.
RBA officials argue the hit to borrowers' income isn't the main way rate rises lower inflation. But they often omit a key fact.
Crypto assets lost value after a major global attack, but the ASX200 gained ground.
Shares in data centre operator NextDC plummeted over 40 per cent after returning to trade following a suspension. Catch up on the day's events and insights from our business reporters on the ABC News live markets blog.
Rising government debt, unaffordable housing and an aging population are intensifying pressure for economic reform.
Economist Ian Harper, who left the RBA Monetary Policy Board in August, says none of the treasurers in power during his 10-year tenure tried to influence his view on interest rate decisions.
Despite Australia's rapid housing downturn, which threatens to be the worst in decades, the Reserve Bank believes the main threats to the nation's financial stability come from overseas.
Why is Australia stuck in an inflation problem that has sent interest rates to 15-year highs?
The Reserve Bank is meeting tomorrow for the sixth time this year, and both financial markets and economists think it is almost certain it will raise interest rates for the fourth time.
Each standard interest rate increase could be locking close to 30,000 households out of home ownership, some of them for a decade or more.
All four major banks and the bulk of money market traders believe the Reserve Bank will raise interest rates next week and governor Michele Bullock did nothing to dissuade them during a speech in Sydney.
If you are struggling with current interest rates, the Reserve Bank's leaders delivered the sobering message that they are only just getting back to a "more sensible level".
There are arguments for and against an interest rate rise in September but there are some very real ways Australia's economy is different to the United States.
Markets are pricing in a nearly 90 per cent chance of Australia's reserve bank lifting interest rates in September following the US Federal Reserve's decision to hike rates.
The artificial intelligence boom could push the global economy into "good deflation" as economic growth surges, but that could result in interest rates exceeding 7 per cent, according to a major technology investor.
Some of the main drivers of high inflation are supply issues caused by the US-Iran war and American tech giants spending huge amounts on AI, which are not problems a rate hike will solve.
Global interest rate hikes are predicted as oil prices spark inflation fears.
The Australian share market ended lower for the third-straight session this week despite recovering from earlier losses that saw it shed as much as $50 billion.
Australia's economy grew 0.4 per cent in the June quarter, slightly beating most economist forecasts and further raising the prospect of an interest rate hike as soon as this month.
There has been a 20 per cent jump in Australian children growing up in rental households this century, with this group facing an average of six moves by age 14, according to a new research paper.
If the Reserve Bank's economic forecasts are right, then the governor says it is done raising interest rates. But the risks of it being wrong are skewed towards another hike.
The Reserve Bank has kept interest rates on hold at its August meeting, after three rate hikes earlier this year.
The ASX rallies after annual inflation eased back to 3.8 per cent in June, according to the ABS.
House price falls of up to 7 and 8 per cent in Sydney and Melbourne have been forecast for the year ahead, according to Domain. But it is far from doom and gloom for existing owners, with resale profits hitting a record.
Some electricity users have been hit with higher charges, despite all the talk of the lower default market offers. Retailers say a rebalancing of supply and usage charges is the cause, but the regulator is investigating.
WiseTech shares finished the day lower by 3.3 per cent after Monday's 18 per cent dive, as executive chair Richard White "emphatically and unequivocally" has denied human trafficking reports. The ASX 200 closed 0.3 per cent lower.