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The Latest Breaking News from Jim Chalmers

Underlying inflation has slipped below 6%, but is the slide enough to stop the RBA pushing up rates further?

Australia’s inflation rate has fallen for the second consecutive quarter.

The Conversation

Ongoing detention of Cheng Lei without verdict ‘damages China’s standing’ worldwide, partner says

Dfat calls for China to exercise ‘basic standards of justice’ in case of Australian journalist detained since 2020 over national security-related accusations

The Guardian - AU

Chris Barrett becomes new head of the Productivity Commission, as Jim Chalmers flags fresh focus

Treasurer Jim Chalmers has appointed Chris Barrett, an economist with extensive public service and governmental experience, as the new chair of the Productivity Commission.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Productivity Commission appoints Chris Barrett as new chief, treasurer Jim Chalmers confirms

Chalmers announces Barrett, deputy secretary of Victoria’s treasury and finance department, will begin his five-year appointment from September

The Guardian - AU

Cheap shots aside, Chalmers has work to do to improve his new 'wellbeing' framework

The Albanese government’s new “Measuring What Matters” framework for a wellbeing economy has been criticised for relying on out-of-date data in several crucial measures. But that’s an easy and somewhat cheap criticism to make.

The Conversation

Victorian Liberals call for parliamentary inquiry into cancellation of Commonwealth Games – as it happened

This blog is now closed

The Guardian - AU

Aussie wellbeing tracker shows room for improvement

The life expectancy, safety and representation of Australians in parliament has improved, but many other wellbeing indicators are deteriorating.

AAP

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Reserve Bank might be using sledgehammer to crack a nut

Prominent economists say a broad range of economic policies are needed to tackle inflation with RBA rate hikes ineffective against key sources of inflation.

AAP

Australians' national wellbeing shows a glass half full: Measuring What Matters report

Australia presents a mixed picture of national wellbeing, according to the government’s Measuring What Matters report released by Treasurer Jim Chalmers.

The Conversation

PwC partner wins injunction over retirement move

A partner of PwC is taking the embattled consultancy giant to court over his forced retirement after an investigation into misuse of confidential information.

AAP

Australia's first wellbeing framework is about to measure what matters – but it's harder than counting GDP

In an implicit admission that the Commonwealth budget may not measure what really matters, Treasurer Jim Chalmers is about to release what he is calling “Measuring What Matters” – Australia’s first national wellbeing framework.

The Conversation

Consultancy firms’ tactics under scrutiny – as it happened

This blog is now closed.

The Guardian - AU

Lowe's interest rate missteps were costly ones for many Australians

How difficult can it be?

Newcastle Herald

Renters never gloomier as living costs soar

Confidence among renters has plunged to a record low.

The Canberra Times

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The Guardian - AU

China GDP growth falls short of expectations as sinking property prices hit economy

Data shows the economy grew just 0.8% in the June quarter, down from 2.2% in the first three months of 2023

AAP

Easing global inflation story takes pressure off rates

Moderating inflation around the world could help the Reserve Bank build the case for an extended pause on interest rates.

The Guardian - AU

‘A lethargic result’: Labor says it is ridiculous for Peter Dutton to take heart from Fadden byelection win

Deputy prime minister Richard Marles says byelection swing to LNP was ‘half the average swing you would expect against a sitting government’

AAP

'I have a mountain of respect' for Lowe: Treasurer

Treasurer Jim Chalmers is unable to say if inflation can come back down without a rise in unemployment but declined to comment on the RBA's July rate decision.

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The Guardian - AU

Hundreds charged after NSW domestic violence operation; South Australia moves to ban no cause evictions – as it happened

This blog is now closed.

AAP

Coalition to target 'Albo-nomics' after Fadden win

Following an LNP win in a Queensland by-election, Deputy Liberal leader Sussan Ley will spearhead a coalition attack on Labor's economic management.

AAP

'No comfort' for Peter Dutton after Fadden by-election

Labor has described the Liberal National Party's win in the Fadden by-election as "pretty lethargic", as cost of living issues bite.

The Guardian - AU

Michele Bullock spells continuity at RBA – but respite unlikely for borrowers

The new chief was one of the board members raising interest rates, but has been brought in to reform the central bank

The Guardian - AU

RBA lifer Michele Bullock may have the luck of playing good cop to Philip Lowe’s bad

The Reserve Bank of Australia’s first female governor will begin her appointment at or very near the end of the cycle of rate rises

The Conversation

Politics with Michelle Grattan: Treasurer Jim Chalmers on Michele Bullock's appointment as Reserve Bank Governor

For months, speculation has swirled about the appointment of a new governor of the Reserve Bank, a key position in the management of the Australian economy.

The Conversation

Meet Michele Bullock, the RBA insider tasked with making the Reserve Bank more outward-looking as its next governor

Australia’s next Reserve Bank governor, Michele Bullock – the first woman in the job – will take office in September at a time when much of the bank’s work in fighting inflation will be done and its focus will be on changing the way it operates.

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