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Articles from Peter Martin

Why the RBA should go easy on interest rate hikes: inflation may already be retreating and going too hard risks a recession

May 4, 2022 - 12:30 -- Admin

One of the stranger things about the Reserve Bank’s announcement of why it’s lifting interest rates by 0.25 percentage points is that it suggests inflation will come down by itself.

“A further rise in inflation is expected in the near term,” the RBA says, “but as supply-side disruptions are resolved, inflation is expected to decline back towards the target range of 2-3%.

Forget the election gaffes: Australia’s unemployment rate is good news – and set to get even better by polling day

April 13, 2022 - 12:13 -- Admin

When Labor leader Anthony Albanese couldn’t say whether the unemployment rate was 5% or 4% on Monday, he might have had a point.

It’s 4%. But for a decade – the entire decade leading up to COVID – it never strayed too far from five-point-something per cent.

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