The Reserve Bank should "stand ready" to raise interest rates again, as the Middle East war and poor productivity growth make it harder to get inflation down.
The immigration minister has unveiled long-awaited changes to migration policies following a fall in net migration in the year to March.
Australia's economy was in a strong position before poor productivity and war in the Middle East helped push inflation into the red zone, the IMF says.
Hospitality employers say the government is cutting the sector off at the knees with a migration slowdown just as the peak holiday season approaches.
Despite downturn, expert says 'most sellers are still benefiting from the significant value growth accumulated over the past five years'.
The profitability of Australia's housing market remains "exceptionally high" even as the deepening downturn shaves some cream off the top of values.
Western Australia's powerful resources sector has kept it at the top of the pecking order for decades but now the crown is slipping.
Chief economist warns higher petrol and diesel costs set to flow through to households and businesses.
Qld treasurer says 'there is a range of problems we have that the federal government has failed to appropriately fund'.
Assistant governor says she is 'pretty clear that inflation is the top priority right now'.
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