Treasurer Josh Frydenberg has ruled out changes to a monetary agreement with the Reserve Bank which would see the nation's inflation target lowered.
Mr Frydenberg will meet the RBA governor on Tuesday afternoon after the RBA announces its cash rate decision for the fourth time this year. No changes to rates are expected when the Reserve Bank announces its decision at 2:30pm AEDT. Image: News Corp Australia
Who believes the inflation figures anyway..just go into any shop and see what the cost of things have risen..power..water..car costs..petrol..everything yet they come out with some false figure and yes it is false..
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RBA to take 'wait and see' approach on cash rate | Sky News AustraliaChief Economist at KPMG Brendan Rynne says the RBA is going to “sit on its hands” and keep the cash rate at 0.75 per cent.\n\n“After cutting rates last month, we think there is enough reason to just take a wait and see approach, and see how employment and inflation pan out over the next month or so,” Mr Rynne told Sky News.\n\nThe Reserve Bank will announce its decision at 2:30pm AEDT.\n\nImage: Getty\n Cash rates at near zero are terrifying me. Rate cuts or hikes at this point have little to no effect when the economy is collapsing around us. Well our treasurer is doing jack shit about the economy and let’s see federal and vic government sneak in on public holiday guarantee it’s not going to be good what a blow to banks profits, they wont be able to steal the RBA cut from consumers and the national economy. RBAInfo acccgovau APRAinfo
Source: SkyNewsAust - 🏆 7. / 78 Read more »
The Government and RBA differ on how to fix the economy. 13 top economists have picked a sideANALYSIS: The Government and RBA differ on how to fix the economy. 13 top economists have picked a side The RBA has one tool, the government is full of tools. RBA can only adjust interest rates, that's it, nothing else. 'Thirteen leading economists...All 13 back Reserve Bank governor Philip Lowe'. But the government has the backing of people like mining billionaires. I love these economic experts. None of whom predicted last year we would be in a rate cutting cycle by mid 2019. Take their 'expertise' with a grain of salt
Source: abcnews - 🏆 5. / 83 Read more »
RBA to take 'wait and see' approach on cash rate | Sky News AustraliaChief Economist at KPMG Brendan Rynne says the RBA is going to “sit on its hands” and keep the cash rate at 0.75 per cent.\n\n“After cutting rates last month, we think there is enough reason to just take a wait and see approach, and see how employment and inflation pan out over the next month or so,” Mr Rynne told Sky News.\n\nThe Reserve Bank will announce its decision at 2:30pm AEDT.\n\nImage: Getty\n Cash rates at near zero are terrifying me. Rate cuts or hikes at this point have little to no effect when the economy is collapsing around us. Well our treasurer is doing jack shit about the economy and let’s see federal and vic government sneak in on public holiday guarantee it’s not going to be good what a blow to banks profits, they wont be able to steal the RBA cut from consumers and the national economy. RBAInfo acccgovau APRAinfo
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Water sharing agreement struck in NSW Central West | Sky News AustraliaA water sharing agreement has been struck between two towns in the New South Wales Central West region.\n\nOrange City Council has offered emergency water supplies to the town of Molong in an attempt to prevent it from running dry this summer.\n\nThe plan would ensure that if critical levels were reached, a pipeline would be used to pump half a megalitre of water a day to the Molong Creek Dam, which is currently down to 37 per cent capacity.\n\nThe drought-stricken towns were among those to receive some much-needed rain on Sunday, but farmers and politicians remain wary about its long-term impact.\n\nImage: Getty\n I thought those councils merged must have been a different council
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Dementia Australia chairman 'heartbroken' by aged care report findings | Sky News AustraliaChairman of Dementia Australia Graeme Samuel says he is “heartbroken” by an interim report into the aged care industry that described the system as “cruel”, “harmful”, and a “tale of neglect”. \n \n“It’s very difficult to control the emotions,” he told Sky News, adding he was “heartbroken, ashamed, and angry” at the findings. \n \n“I’m a part of a community that after 18 reviews over the past two decades, has still allowed our aged people to be treated in this most disgraceful manner. \n \n“It can’t continue.”\n\nThe interim report was released on Thursday. \n\nImage: Getty ItaButtrose Are you going to do anything about Monday night’s utterly disgraceful qanda which, amongst other egregious breaches of the ABC charter, called for and incited political violence? ItaButtrose Perhaps we turn to violence to resolve this. ItaButtrose Chairperson of the ABC tweets Murdoch's Sky News. You're all class, lady.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australia's emissions will 'dramatically drop' under the Coalition | Sky News AustraliaRenewable energy expert Dr Matthew Stocks says Australia is on track to meet its Paris Agreement targets under the Coalition.\n\nDr Stocks told Sky News host Chris Kenny the energy market was about to see a drop in carbon emissions due to a surge in renewable energy projects.\n\n“There is a really strong pipeline of wind and solar coming which is going to make a huge difference in the amount of emissions in our electricity sector,” he said.\n\n'We are going to see dramatic drops of electricity emissions.' \n\nDr Stocks - a Research Fellow ANU College of Engineering and Computer Science – authored research which found Australia is on track to meet its international climate commitments.\n\nAustralia has vowed to reduce CO2 emissions by at least 24 per cent of 2006 levels by 2030.\n\nIt is one of the only signatories to the Paris Agreement on track to meet its commitment with European counties like France facing difficulty hitting targets.\n Uh huh.... Ha ha Labor and Greens !!! The Coalition government is on track to meet Paris Targets and their climate plan is working.
Source: SkyNewsAust - 🏆 7. / 78 Read more »