Economy

For the first time in four years, annual trimmed mean inflation has fallen within the central bank’s coveted target.

Smaller businesses are gaining traction as hiring, revenue, and sentiment lift; property and transport sectors show renewed optimism across several states.

Western Australia has topped the economic performance leaderboard across five economic indicators.

Despite the 1Q25 CPI figures not yet being released, Westpac’s chief economist has assured that the RBA will lower the cash rate in May.

The all-important trimmed mean inflation figure is expected to finally enter the RBA’s coveted 2–3 per cent target range.

Research has suggested that cutting taxes for Australian small businesses could help strengthen the economy.

Australia’s unemployment rate has largely held steady over March.

A lack of material data and uncertainty over the effects of global economic risks were discussed in the April minutes; however, the RBA seems to have left the door open for further cuts.

Australia’s small businesses are under strain, navigating a turbulent economy with rising expenses, restricted lending, and evolving budget measures.

A new development in the US President’s tariff policies could see some relief for countries with tariffs imposed and harsher conditions for others.