business

Australia had an inflation problem before the Iran war, but it’s turned sinister. We’ve become hostage to oil prices, and as the governor of the Reserve Bank puts it: “We are all feeling poorer”. Source link

Almost 14,000 Australians rang the National Debt Helpline last month, with most callers saying they are struggling to pay their home loans and are facing mortgage stress, according to new data. Source link

Monetary policy trade-offs are getting worse. The Reserve Bank of Australia is confronting rising inflation and downgraded growth forecasts. And there’s nothing it can really do about it.  Source link

The RBA has lifted rates by 0.25 basis points, to 4.35 per cent, which fully unwinds last year’s rate cuts. Source link

The RBA delivers another rate rise while the local share market closes lower amid escalating tension in the Middle East. Look back on how the day unfolded with our specialist business reporters on our blog. Source link

As the price of food and agricultural production goes up during the Iran conflict, supermarkets are being urged to absorb more of the cost.  Source link

ABC staff have struck an enterprise agreement with the broadcaster, bringing an end to a pay dispute that culminated in a 24-hour strike.  Source link

The SA treasurer claims a foreign government is undermining the profitability of the struggling Port Pirie metal smelter. Source link

Under the proposed laws, landlords will no longer be allowed to terminate a tenant’s lease without giving a reason. Source link

ATCO Australia tells 8,000 customers they will need to find new energy sources or switch to bottled gas as it prepares to decommission its Great Southern gas network in WA. Source link