
Articles
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1 day ago |
thewest.com.au | Danielle Le Messurier |Matt McKenzie
The chief economist at the nation’s biggest bank has warned an Australian trade deal with the US could be some time away given the complexity involved and America’s push for increased market access. Commonwealth Bank’s Luke Yeaman also said there was a risk that if Donald Trump does not strike deals with key trading partners before the July 9 deadline — when the pause on the US President’s reciprocal tariffs is due to resume — he may “lose patience and reinstate unilateral tariffs . . .
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4 days ago |
thewest.com.au | Matt McKenzie
RBA declared risk would be best be managed by adopting a path of least regret
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4 days ago |
thewest.com.au | Matt McKenzie
Australia has been among the worst hit developed nations by a global slowdown in business investment that will damage growth, international experts at the OECD say. The national economy will grow a sluggish 1.8 per cent this year, according to the Organisation for Economic Co-operation and Development’s latest analysis. A modest 2.2 per cent was expected in 2026. Unemployment and inflation were tipped to stay under control, the report forecast.
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4 days ago |
thewest.com.au | Matt McKenzie
The Reserve Bank picked the “path of least regret” through global trade instability by cutting interest rates in May, minutes from its last meeting show. But the minutes — released on Tuesday morning — also gave a signal that the board will be slow and steady weighing further relief, despite markets hoping for rapid-fire cuts through the rest of 2025. The official interest rate was lowered for the second time this year at the central bank’s May meeting, down to 3.85 per cent.
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5 days ago |
thewest.com.au | Matt McKenzie
Economists have upped their forecasts for Aussie house prices this year amid growing optimism that the Reserve Bank will cut interest rates further. Borrowers have received two doses of relief since February as the official cash rate fell from 4.35 per cent to 3.85 per cent. Financial markets have tipped another three cuts by the end of the year, with the RBA turning focus from fighting inflation towards the fallout of President Donald Trump’s trade war.
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