Lecturer, Monash University
Zac Gross is a Lecturer at Monash University and founding member of ‘What if, Australia?’ A forum devoted to ambitious new public ideas for Australia.
RBA's latest forecasts are grim. Here are 5 reasons why
Feb 14, 2023 13:22 pm UTC| Economy Central Banks
After lifting interest rates for a record nine times in a row, and flagging more raises still to come, the Reserve Bank of Australias latest set of forecasts make for grim reading. The forecasts are part of the central...
With inflation still rising, the RBA will almost certainly lift interest rates in February
Jan 26, 2023 11:54 am UTC| Economy Central Banks
Interest rates are almost certain to rise again in February, after the latest Consumer Price Index figures showing inflation hit 7.8% in 2022 its highest rate in 33 years. The data from the Australian Bureau of...
Rates rise to 1.35% – and there's no stopping now the RBA's on a mission to whip inflation
Jul 07, 2022 16:12 pm UTC| Economy Central Banks
There was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much. Would it be a regular increase of 25 basis points? Or a double-whammy of...
Game of Loans: the Reserve Bank of Australia loses its heir apparent to Fortescue's green fund
Mar 12, 2022 11:20 am UTC| Economy Central Banks
The Reserve Bank of Australia was roiled today by the resignation of its Deputy Governor Guy Debelle, who is leaving with only six days notice. Dr Debelle said that he was resigning to become chief financial officer of...
RBA starts three-year countdown to lift in interest rates
Jul 06, 2021 08:55 am UTC| Economy Central Banks
In line with expectations, the Reserve Bank of Australia has announced it will keep official interest rates on hold at 0.10%. But is also ready to start tapering off its unconventional monetary policy measures...
Negative rates explained: how money for (less than) nothing is helping out the budget
Dec 17, 2020 11:07 am UTC| Economy
A week ahead of Thursdays budget update, it finally happened. Instead of the government paying to borrow in a way that would add to the burden on the budget (as has happened since time immemorial) it actually got paid...
Small businesses are being starved of funds: here's how to make their loans cheaper
Aug 14, 2020 15:49 pm UTC| Economy
The government has widely touted its support for small businesses most notably the provision of loans subsidised by the Reserve Bank. In its economic update on Friday the Reserve Bank talked up its low-cost Term...
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