Mortgage holders be warned. Financial markets are betting the Reserve Bank will lift interest rates in June.

A statement released this week by Reserve Bank governor Phil Lowe has caused a shift in expectations about future rate hikes. It noted Australia’s falling jobless rate, rising inflation pressures and large wage increases in some sectors of the economy.

Crucially, Lowe dropped a reference to the bank’s intention to be ‘patient’ when considering future rate increases.

Most analysts now think the board will lift rates at its first meeting after the May federal election on June 7th. But how high will rates go?

Today on Please Explain, senior economics correspondent Shane Wright joins Jess Irvine to discuss.

Mortgage holders be warned. Financial markets are betting the Reserve Bank will lift interest rates in June.
A statement released this week by Reserve Bank governor Phil Lowe has caused a shift in expectations about future rate hikes. It noted Australia&rsquo;s falling jobless rate, rising inflation pressures and large wage increases in some sectors of the economy.
Crucially, Lowe dropped a reference to the bank&rsquo;s intention to be &lsquo;patient&rsquo; when considering future rate increases.
Most analysts now think the board will lift rates at its first meeting after the May federal election on June 7th. But how high will rates go?
Today on Please Explain, senior economics correspondent Shane Wright joins Jess Irvine to discuss.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

Interest rates set to rise in June

The government handed down its third federal budget this week, and it was the usual blizzard of figures. 

Treasurer Jim Chalmers gave us hand-outs, grand plans for the future and some heroic predictions on inflation figures. 

Today, chief political correspondent David Crowe and national affairs editor James Massola join Jacqueline Maley to unpack the budget as a political document - will it help the government win the next election, and will the voting public believe all the promises made about the future of the economy?

Cut through the noise of federal politics with news, views and expert analysis from Jacqueline Maley. Subscribers can sign up to our weekly Inside Politics newsletter here.

The government handed down its third federal budget this week, and it was the usual blizzard of figures. 
Treasurer Jim Chalmers gave us hand-outs, grand plans for the future and some heroic predictions on inflation figures. 
Today, chief political correspondent David Crowe and national affairs editor James Massola join Jacqueline Maley to unpack the budget as a political document - will it help the government win the next election, and will the voting public believe all the promises made about the future of the economy?
Cut through the noise of federal politics with news, views and expert analysis from Jacqueline Maley. Subscribers can sign up to our weekly Inside Politics newsletter <a href="https://www.smh.com.au/link/follow-20170101-p5apym">here</a>.

Inside Politics: Has the government written an election winning budget?

https://api.omny.fm/orgs/88b564ea-a9a6-4751-910a-a5d800019396/clips/e9985a13-3fdd-455c-88d3-b1720068a2cb/transcript

As global outcry continues for the war in Gaza to end, after more than seven months, Hamas and Israel have reached an impasse. Recent ceasefire talks failed. And both sides are struggling.

Much of Hamas’ fighting forces have been killed. And Israel’s main ally, the United States, just made the remarkable step of beginning to limit its supply of arms to the country. So, where to from here?

Today, international and political editor Peter Hartcher on how this war can end, when both sides now know that it’s unwinnable.

As global outcry continues for the war in Gaza to end, after more than seven months, Hamas and Israel have reached an impasse. Recent ceasefire talks failed. And both sides are struggling.
Much of Hamas’ fighting forces have been killed. And Israel’s main ally, the United States, just made the remarkable step of beginning to limit its supply of arms to the country. So, where to from here?
Today, international and political editor Peter Hartcher on how this war can end, when both sides now know that it’s unwinnable.

Netanyahu and Hamas know this war is unwinnable. So how does it end?

https://api.omny.fm/orgs/88b564ea-a9a6-4751-910a-a5d800019396/clips/8c3790d9-54ae-4094-b3b2-b1710069a36b/transcript

It was always going to be a particularly tricky federal budget. Amid a cost-of-living crisis, the Albanese government had been tasked with providing relief to Australians, but without causing inflation to rise. Which would have the dreaded impact of leading to yet another interest rate rise.

So, did treasurer Jim Chalmers nail his brief? And what are the government’s priorities? Is it women, those suffering amid the housing shortage, and students with debt, as it had previously promised, among others? And who’s been left in the cold?

Tonight in a special episode recorded in the lock-up in parliament house, senior economics correspondent Shane Wright on the main winners and losers of this year’s budget. And if this budget is really an early election pitch for the Albanese government.

It was always going to be a particularly tricky federal budget. Amid a cost-of-living crisis, the Albanese government had been tasked with providing relief to Australians, but without causing inflation to rise. Which would have the dreaded impact of leading to yet another interest rate rise. So, did treasurer Jim Chalmers nail his brief? And what are the government’s priorities? Is it women, those suffering amid the housing shortage, and students with debt, as it had previously promised, among others? And who’s been left in the cold? Tonight in a special episode recorded in the lock-up in parliament house, senior economics correspondent Shane Wright on the main winners and losers of this year’s budget. And if this budget is really an early election pitch for the Albanese government.

Budget 2024 - are you a winner or a loser?

https://api.omny.fm/orgs/88b564ea-a9a6-4751-910a-a5d800019396/clips/e1baed8a-06c7-48af-8d61-b17000da3f67/transcript

Interest rates set to rise in June

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