A senior Reserve Bank official says the prevalence of fixed-rate loans and sizeable savings buffers are likely extending the lag time of interest rate hikes.
The ASX has finished higher for the day but dropped more than two per cent for the week after suffering its longest streak of weekly losses since the GFC.
A review into Australia's woeful productivity performance is expected to contain 71 reform recommendations to lift pay packets and boost national prosperity.
FTI Consulting says parties beyond Andrew Forrest and Mike Cannon-Brookes have expressed interest in buying the mammoth solar project known as Sun Cable.
Electrifying everything is an unnecessary hit on taxpayers because conventional LPG will be phased out and replaced by a clean version, the industry says.
Labor's $15 billion manufacturing fund won't ban coal, gas, or logging. The legislation has passed the lower house after a deal was struck with the Greens.