CSIRO researchers have weighed in with their view on the significance of the possible El Niño conditions warning
Following The Bureau of Meteorology announcement that we can expect to move out of the current neutral phase of the El Niño-Southern Oscillation (ENSO). We have been in a neutral phase of ENSO since the “triple dip” of La Niña over three consecutive years ended earlier this year. The Bureau’s recently released El Niño ‘alert’ follows climate […]
Used Vehicle Price Index shows that models continue to increase in value
Moody’s Analytics has published a report that shows for the second consecutive quarter, seasonally adjusted used-vehicle prices in Australia have increased. In May, they were 2.17% higher than in April and 2.7% higher than at the beginning of the year. However, while the recent strength in the Australian used-vehicle prices can be attributed to a […]
Correction on forecasts called by ABARES as La Nina retreats and El Nino looms
The overall value of the agriculture sector is set to contract by 14% in 2023-24 due to drier-than-normal conditions after three record harvests during wetter conditions La Nina years. Executive Director of ABARES Dr Jared Greenville said the reduction was to be expected after the records broken in the past three years. “The value of […]
The Reserve Bank of Australia (RBA) lifts rates for a 12th time since May 2022 now 4.1%
Even with the threat of his seven-year term ending on 17 September this year, and hoping for a new tenure, Reserve Bank governor Philip Lowe presided over a board that has increased the official interest rate by 0.25% to 4.1%, a rate not seen at this level since 2012. That takes some grit when so […]
CBA gave a three day reprieve but never the less raises interest rates in line with RBA rate hike
Following the Reserve Bank of Australia’s (RBA) decision to raise the official cash rate by 0.25% per annum (p.a.), CBA has announced it will increase interest rates across a number of its savings products, and will lift its home loan variable interest rates by 0.25% p.a. All savings and home loan variable rate changes announced today […]
The Nationals will scrap the fresh food tax on farmers outlined as a biosecurity measure in the 2023 Budget
A future Coalition Government will abolish Labor’s new fresh food tax on farmers, hidden as a biosecurity measure in the 2023 Federal labor Budget, according to Leader of The Nationals David Littleproud. David Littleproud went on to say a Coalition Government would scrap Labor’s new tax, which will force farmers to pay for the biosecurity […]
RBA interest rate rise was full of mettle for a board destined for the chopping block
Most economists, 87% to be precise according to one survey, expected The Reserve Bank of Australia (RBA) to come to heel at their monthly gathering today, as there was a big stick being wielded around their head by the Federal Labor Government flagging changes to the board positions as soon as legislation allows. But the […]
Following the NSW election the host of the Today Show Jayne Azzopardi and radio presenter Clinton Maynard talk to coalition leader David Littleproud
The win by Labor, as already conceded by former NSW PremierDom Perrottet before all votes are counted, now leaves Tasmania as the sole state and Territory held by a Liberal government. This is a transcript of the interview. JAYNE AZZOPARDI Welcome back to Weekend Today. New South Wales has decided Labor leader Chris Minns is […]
Agri Green Loan enquiries are on the up as access to cheaper funds turns some farmers Green
According to CBA’s agri-sustainable loan division, farmers are increasingly adopting additional sustainable farming practices as they seek to improve farm productivity while safeguarding their land for future generations. New data from CommBank revealed a 182% increase in Agri Green Loan enquiries since launching in November 2021, with farmers in New South Wales (+340%) and Victoria […]
The Reserve Bank of Australia repeats Groundhog Day for the tenth time in a row with another official cash rate increase
Little humour will be lost referencing the Bill Murray movie based on a Groundhog that looks much like an overgrown rat drawn out of a barrel to predict the end of the winter season. And while the analogy of a big rat predicting the end of winter may have little parallel to the reasoning behind […]