
Show Notes
Australia’s economy grew 0.4 per cent in the June quarter, but Westpac senior economist Ryan Wells explains why weak productivity and inflationary labour costs could still bring another interest rate rise. Plus, Perpetual Head of Investment Strategy Matt Sherwood breaks down the Australian sharemarket’s 1 per cent fall as rising oil prices reignited global inflation concerns.
More from SBS On the Money
Oil reaches about US$114 a barrel as investors weigh inflation, interest rates and the Australian dollar.
Delays to power upgrades at NextDC's Melbourne site forced a sharp downgrade, raising questions for data centre investors.
NAB says the cuts will simplify its operations, while promising no material impact to customer-facing banking roles.
Grattan proposes a 15 per cent GST that includes food, with tax cuts and welfare payments to offset the cost.
Australia’s jobless rate reaches 4.7%, raising questions about hiring, wages and the RBA’s next move.