Australian Politics

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'Inflation Still Too High': RBA's June Hold Is No Vindication for Chalmers' Budget

The Reserve Bank paused its 2026 hiking cycle on June 16, but its statement explicitly warned of second-round inflation effects, retained a full tightening bias, and left markets pricing a 50-50 chance of a fourth hike — an implicit rebuke to a Treasurer who calls the same environment the product of a 'very responsible' budget.

16 days ago

Treasury Undercuts Albanese's Tax Sales Pitch as CGT Bill Rams Through Lower House

As Labor's capital gains tax and negative gearing bill cleared the House of Representatives on June 4 after just two days of debate, Treasury Secretary Jenny Wilkinson was simultaneously telling a Senate committee that the Prime Minister's central claim about the legislation — that it 'goes back to 1999' — was factually inaccurate in two specific ways.

28 days ago

The July Bomb: How Labor's Budget Baked In Australia's Next Inflation Shock

In less than four weeks, Labor's halved fuel excise expires — and a June 2 speech by an RBA board member has explicitly flagged the threat, warning that long-term inflation expectations have 'taken an uptick' for the first time in years. With Westpac forecasting rates could hit 4.85% by September — the highest since 2008 — mortgage holders are staring down a crisis the government helped to engineer.

28 days ago