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Isaac Gross

Lecturer, Monash University
Zac Gross is a Lecturer at Monash University and founding member of ‘What if, Australia?’ A forum devoted to ambitious new public ideas for Australia.

High interest rates are not bad news for everyone. Just ask savers, importers and Australians heading overseas

Aug 24, 2023 07:10 am UTC| Economy

It is a universally acknowledged truth that interest-rate rises are always a bad thing for the average Australian household. They are just a punitive form of economic medicine we have to take from time to time, on the...

Central Banking Series

Meet Michele Bullock, the RBA insider tasked with making the Reserve Bank more outward-looking as its next governor

Jul 17, 2023 12:59 pm UTC| Central Banks Insights & Views

Australias next Reserve Bank governor, Michelle Bullock the first woman in the job will take office in September at a time when much of the banks work in fighting inflation will be done and its focus will be on changing...

Central Banking Series

Reserve Bank revolution: How Jim Chalmers will re-craft the RBA for the 21st century

Apr 23, 2023 12:39 pm UTC| Central Banks Economy

The review into the Reserve Bank of Australia has just been published by Treasurer Jim Chalmers and the results are a blockbuster. The review has made 51 recommendations including: taking away power over...

Central Banking Series

RBA's latest forecasts are grim. Here are 5 reasons why

Feb 14, 2023 13:22 pm UTC| Economy Central Banks

After lifting interest rates for a record nine times in a row, and flagging more raises still to come, the Reserve Bank of Australias latest set of forecasts make for grim reading. The forecasts are part of the central...

Central Banking Series

With inflation still rising, the RBA will almost certainly lift interest rates in February

Jan 26, 2023 11:54 am UTC| Economy Central Banks

Interest rates are almost certain to rise again in February, after the latest Consumer Price Index figures showing inflation hit 7.8% in 2022 its highest rate in 33 years. The data from the Australian Bureau of...

Central Banking Series

Rates rise to 1.35% – and there's no stopping now the RBA's on a mission to whip inflation

Jul 07, 2022 16:12 pm UTC| Economy Central Banks

There was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much. Would it be a regular increase of 25 basis points? Or a double-whammy of...

Central Banking Series

Game of Loans: the Reserve Bank of Australia loses its heir apparent to Fortescue's green fund

Mar 12, 2022 11:20 am UTC| Economy Central Banks

The Reserve Bank of Australia was roiled today by the resignation of its Deputy Governor Guy Debelle, who is leaving with only six days notice. Dr Debelle said that he was resigning to become chief financial officer of...

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Economy

Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation

Goldman Sachs has revised its euro area economic outlook, now anticipating two interest rate increases from the European Central Bank as stubbornly high energy-driven inflation continues to overshadow slowing regional...

European Stocks Tumble as Iran-Strait of Hormuz Crisis Rattles Global Markets

European equity markets opened sharply lower on Monday as investors reacted to escalating tensions between the United States and Iran over the Strait of Hormuz. The pan-European Stoxx 600 dropped 1.3%, Germanys Dax slid...

Asian Currencies Slide as U.S.-Iran Tensions and Rising Oil Prices Rattle Markets

Asian currencies faced widespread pressure on Monday as escalating U.S.-Iran tensions and surging oil prices rattled investor confidence across the region. The U.S. dollar steadied following modest losses last week, with...

Global Markets Reel as Middle East Tensions Escalate Energy Fears

Financial markets across the globe are experiencing significant turbulence as the ongoing Middle East conflict raises serious concerns about prolonged disruptions to energy supplies. Wall Street posted sharp losses on...

South Korean Stocks Tumble as Hawkish BOK Governor Appointment Rattles Markets

South Korean equities suffered steep losses on Monday after President Lee Jae Myung appointed Shin Hyun-song as the next Bank of Korea (BOK) governor, a move markets interpreted as a shift toward tighter monetary policy....

Politics

Palestinian Activist Leqaa Kordia Released from U.S. Immigration Detention After Judge's Order

Palestinian activist Leqaa Kordia, 33, has been released from a U.S. immigration detention facility in Texas following a federal judges ruling, marking the end of over a year in custody. Kordia, who grew up in the...

TSA Absences Surge During Government Shutdown as ICE Agents Prepare Airport Deployment

Airport security across the United States is facing a serious staffing crisis as the partial government shutdown enters its fifth week. The Department of Homeland Security reported that Transportation Security...

Iran Threatens Gulf Infrastructure as U.S.-Israel War Enters Critical 48-Hour Window

Tensions in the Middle East have reached a dangerous new flashpoint after Iran threatened to strike energy and water infrastructure across Gulf nations if the United States carries out President Donald Trumps warning to...

Trump Links DHS Funding to Voter ID Legislation

President Donald Trump declared Sunday that he would block any Department of Homeland Security funding agreement unless Congressional Democrats first pass the Save America Act a bill that would require Americans to show...

Ukraine-U.S. Peace Talks Continue in Florida as Zelenskiy Pushes for Diplomatic Progress

Ukrainian and American delegations wrapped up a second day of peace negotiations in Florida on Sunday, as President Volodymyr Zelenskiy signaled cautious optimism about ongoing diplomatic efforts to end Russias war on...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Elon Musk Announces Terafab: SpaceX and Tesla to Build Dual AI Chip Factories in Austin, Texas

Elon Musk revealed plans for a massive dual-chip manufacturing complex called Terafab in Austin, Texas, set to be jointly developed by SpaceX and Tesla. The announcement marks a significant step in Musks broader strategy...

NVIDIA's Feynman AI Chip May Face Redesign Amid TSMC Capacity Crunch

NVIDIA could be forced to redesign its next-generation Feynman artificial intelligence chip platform as contract manufacturing giant TSMC struggles to keep pace with surging global demand. According to a report from...

Elliott Investment Management Takes Multibillion-Dollar Stake in Synopsys

Activist hedge fund Elliott Investment Management has quietly built a multibillion-dollar position in Synopsys, the electronic design automation (EDA) giant, signaling a push for stronger financial performance from one of...

Palantir's Maven AI Earns Pentagon "Program of Record" Status, Reshaping Military AI Strategy

Palantir Technologies (NASDAQ: PLTR) is drawing renewed investor and industry attention after the U.S. Department of Defense officially designated its Maven Smart System as a program of record, a classification that...

Amazon's "Transformer" Phone: Can It Succeed Where Fire Phone Failed?

Amazon is quietly developing a new smartphone, codenamed Transformer, marking the companys return to mobile hardware more than a decade after its Fire Phone disaster. According to sources familiar with the initiative, the...