News

Overall, the data shows that new lending continues to track sideways, reversing some of the increased volumes seen in 2020-21.

Prime Minister Anthony Albanese says the drastic increase in mortgage repayments is the “reality of a world where there’s inflation”.

“Markets built in partnership through the efforts of business, labour and government are still the best mechanism we have to efficiently and effectively direct resources.”

Australian retail turnover fell 3.9 per cent in December 2022, but retail turnover remains elevated at its sixth highest level in the series and was up 7.5 per cent through the year.

Treasurer Jim Chalmers’s argument for optimism and values in post-COVID capitalism.

Job vacancies fell by 5 per cent over the three months to November 2022, and were down by 8 per cent from the peak in May.”

Rose 7.7% compared with November 2021.

Private sector houses approved fell 2.5%, while private sector dwellings excluding houses fell 22.7%.

“When you can, call your bank if you are in financial difficulty, they are ready to help.”

AUSTRAC has released Australia’s first national proliferation financing risk assessment, aimed at preventing financing that facilitates the proliferation of weapons of mass destruction.

Using bank-level data and a difference-in-differences approach, we find no statistically significant evidence that the TFF increased credit supply to businesses.

 “Government and industry now have the opportunity to genuinely work together to drive Australia’s economic shift to a low carbon future.”