RBA investing in new models to navigate frequent global supply shocks

Reserve Bank of Australia supply shocks monetary policy

L'essentiel

Reserve Bank chief economist Sarah Hunter stated that global supply shocks are becoming more frequent, prompting the RBA to invest in new economic models and research to adapt to this "new reality" and manage policy trade-offs more often.

Résumé généré par IA

Taille de police

Read the full article on ABC Top Stories

Sujets liés

Reserve Bank of Australia

Sujetssupply shocks monetary policy inflation interest rates geopolitics climate change

This article was originally published by ABC Top Stories.

Articles liés

Plus sur ce sujetReserve Bank of Australia

En développement·10 sa önce

Australian Markets and Business News Roundup

Australian gas supply is projected to be sufficient in late 2026, though winter 2027 may see tightness. Telstra CEO apologizes for national outage. Australian dividends grew in 2025-26, led by mining. Workers' pay lags productivity growth.

ABC Top Stories

En développement·10 sa önce

Telstra CEO returns, addresses outage; Australian dividends rise; Qantas punctual; US tariffs on Australia

Telstra CEO Vicki Brady apologizes for a national outage, while Australian dividends saw growth driven by mining. Qantas ranked most punctual airline globally. US proposes tariffs on Australian imports due to forced labor concerns. Research suggests worker pay hasn't kept pace with productivity.

ABC Top Stories

En développement·10 sa önce

Hobart's Nightlife Faces Challenges Amidst Rising Costs and Shifting Habits

Hobart's hospitality venues are struggling with changing consumer behavior, including younger people ordering fewer drinks and arriving later. Rising alcohol costs are a major concern, leading patrons to pre-drink and use discount apps. The closure of several venues highlights the detrimental impact on the city's nightlife and its ability to retain young residents.

ABC Top Stories

En développement·10 sa önce

Hobart's Nightlife Faces Challenges as Venues Close and Young People Re-evaluate Spending

Seven Hobart venues, including several on Salamanca's waterfront, have closed, prompting discussions about changing consumer habits. Young people cite rising alcohol costs and a lack of excitement as reasons for reduced spending, opting for pre-drinks and discount apps. Hospitality operators are concerned about the industry's viability and the need for more major events to attract visitors.

ABC Top Stories

En développement·10 sa önce

Australian dividends grow, Qantas punctual, US tariffs loom, Telstra outage costs

Australian dividends rose 2.8% to $99.4B in 2025-26, led by mining. Qantas was the world's most punctual airline in June. US proposes 12.5% tariff on Australian imports due to forced labor concerns. Telstra outage costs estimated in hundreds of millions.

ABC Top Stories

En développement·11 sa önce

Australian Workers' Wages Lagging Productivity Growth for 30 Years, Study Finds

Researchers from the Centre for Policy Development (CPD) in Australia found that typical worker pay has not kept pace with productivity growth for three decades, with gains increasingly captured by businesses. This challenges previous findings and raises questions about wage-setting, ownership, and technology's future direction.

ABC Top Stories

Plus sur ce sujetReserve Bank of Australia