The “last mile” complications in getting inflation back to the middle of the target are about government decision-making rather than the RBA and monetary policy.
HSBC chief economist Paul Bloxham — a top forecaster who was tipping a much lower quarterly inflation read — is now expecting the cash rate to remain on hold at 3.6% and stay there all of next year.
Inflation figures wipe out any chance of the Reserve Bank cutting rates on Melbourne Cup Day and economists expect the central bank to revise CPI expectations.
Many people paying off mortgages were hoping for a cash rate cut, but recent inflation data means that is highly unlikely.
State pensioners are in line for a pay rise next year under the Triple Lock promise from the Labour Party government.
Social Security's 2026 cost-of-living adjustment (COLA) is 2.8%. That's an improvement from the 2.5% COLA seniors received ...
A coalition of Democratic senators announced plans to introduce legislation aimed at providing additional financial support for older Americans and veterans struggling with inflati ...
They are the inflation numbers than have dashed the hopes of homeowners with mortgages, effectively slamming the door on a ...