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When the Reserve Bank governor talks about further rate hikes being “guided by the incoming data” rather than saying he “expects to take further steps” as he did until this month, you can sense the worst might be over.
After an unprecedented three successive post-election rate hikes of 0.5 percentage points, each designed to shock Australians into winding back spending, the statement released after Tuesday’s hike holds out the prospect of a pause, or at least smaller hikes from here on.
Governor Lowe is serious when he says the road ahead is “clouded in uncertainty”. Not the least because, as I outline this morning, the Reserve Bank hasn’t had to try to tame inflation like this during the entire three decades it’s been targeting inflation.
It’s unusually synchronised, with only 15 of the 90 of the types of things we spend money on falling in price while the others rise. Usually, it’s nearer 30.
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Peter Martin
Section Editor: Business + Economy
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Peter Martin, Crawford School of Public Policy, Australian National University
Never, in the three decades the Reserve Bank has been targeting inflation, has it been tested by prices rising in unison like this.
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Laura Herraiz Borreguero, CSIRO; Alberto Naveira Garabato, University of Southampton; Jess Melbourne-Thomas, CSIRO
The findings underscore the urgency of limiting global warming to below 1.5℃, to avert the most catastrophic climate harms.
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Samantha Hepburn, Deakin University
There’s been a lot of talk about pulling the gas trigger. The problem is, the trigger is too slow and too easy to avoid.
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Brendan Sydes, The University of Melbourne; Anita Foerster, Monash University; Laura Schuijers, University of Sydney
Under the Greens’ proposal, future projects, such as a new mine or high emissions industrial plant, would be assessed on the climate harms they’d potentially cause.
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Ferdouse Asefi, University of Toronto
In the year since the Taliban’s takeover of Afghanistan, human rights abuses are off the charts, particularly towards women and ethnic minorities.
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Christopher Davey, The University of Melbourne
A recent review of studies concluded depression is not caused by a lack of serotonin in the brain. But this doesn’t mean antidepressants, which work on serotonin, aren’t effective.
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Jaya Dantas, Curtin University
Most cases in the current global outbreak are occurring among men who have sex with men. So how can this group and others who are at risk protect themselves?
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Cally Jetta, University of Southern Queensland
Misconceptions around Acknowledgement of Country and Welcome to Country persist. Many people do not understand what they are, how they are different or why they are practised.
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Andy Marks, Western Sydney University
Despite some wins, the NSW premier faces multiplying challenges eight months from the next election
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Lauriane Suyin Chalmin-Pui, University of Sheffield
Plant parents will be pleased to know just how beneficial houseplants can be for your health.
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Phoebe Macrossan, University of the Sunshine Coast
Renaissance is Beyoncé’s first solo album in more than five years, and her first fully dance album.
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Politics + Society
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Michelle Grattan, University of Canberra
Michelle Grattan discusses politics with politics + society editor, Amanda Dunn
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Gabrielle Appleby, UNSW Sydney
The Australian Law Reform Commission report recommends major changes to the way judges are appointed and educated, and supports an independent body to investigate allegations of misconduct.
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Alexander Gillespie, University of Waikato
Both Russia and Ukraine are signatories to the Geneva Convention on the treatment of prisoners of war – how much it is being observed is another matter.
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Health + Medicine
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Greg Sutherland, University of Sydney
No, it’s not like donating a kidney. But it is still a gift.
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Science + Technology
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Gabriel C Rau, University of Newcastle
Caves form over millions of years, as a result of flowing water slowly working away at ‘soft’ calcerous rock.
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Environment + Energy
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David Dempsey, University of Canterbury; Andy Nicol, University of Canterbury; Kēpa Morgan, University of Auckland; Ludmila Adam, University of Auckland
To develop a hydrogen economy at the scale of Aotearoa’s climate ambitions would require about a quarter of the country’s current energy use and swallow enormous amounts of water.
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Education
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Brendon Hyndman, Charles Sturt University; Jessica Amy Sears, Charles Sturt University; Vaughan Cruickshank, University of Tasmania
As enrolments climb and urban spaces become more crowded, some schools have been left with less play space per student than a prison cell.
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Books + Ideas
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Francesca Rendle-Short, RMIT University
Selby Wynn Schwartz’s inventive, poetic reimagining of lives like those of Virginia Woolf and Sarah Bernhardt – against a backdrop of Sappho – has just been longlisted for the Booker Prize.
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Faculty of Society & Design, Bond University
Gold Coast QLD, Australia
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