The treasurer said the Australian economy wasn’t headed for a “dramatic contraction”, even as Reserve Bank governor Michele ...

The central bank’s monetary board has voted 5-4 to raise the cash rate to 4.1 per cent as the Middle East conflict threatens ...

Treasurer Jim Chalmers said the decision would be "tough news" for Australians as the Opposition accused him of "inflation denial".

Australian businesses are caught in the crossfire of rising costs and Tuesday's interest rate hike, industry groups warn, as the Reserve Bank of Australia says tough decisions are needed to ward off a ...

Economists predict RBA will raise interest rates this week and in May – days before treasurer unveils budget ...

Australia has entered its first recession since 1991 after the economy shrank 7 percent in the second quarter, official figures showed Wednesday, as the country reels from the coronavirus pandemic.

The US president has launched a series of extraordinary missives at America's allies for refusing to join his war in Iran, ...

Australia risks heading into recession if policy makers don't face reality and find a way to help boost productivity. And the spectre of stagnating living standards and an inability to address the ...

Australia is facing a ‘deep recession’ as Iran’s guerilla tactics in the Strait of Hormuz force the Federal Government to introduce fuel rationing, a superannuation strategist says.

Inflation may have driven the decision but the Reserve Bank's second consecutive rate hike has also put talk of a recession back on the agenda.