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The Reserve Bank of Australia’s July board meeting has delivered a ‘double-whammy’ interest rate rise, pushing the official cash rate up 50 basis points to 1.35%.
This is a sign of how seriously the central bank considers the threat of inflation to economic stability, writes former RBA economist Isaac Gross, now at Monash University.
It’s also a vindication of “the market”, which tipped the 50-point rise and is predicting the central bank will push rates up to at least 5% by the end of the year.
“We should ignore these market signals at our peril,” Gross says. That means RBA’s board may deliver a rate rise at every one of the five remaining meetings for 2022.
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Tim Wallace
Deputy Editor: Business + Economy
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Isaac Gross, Monash University
The Reserve Bank of Australia has delivered a ‘double-whammy’ interest rate rise, with up to five more to come in 2022.
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Jamie Pittock, Australian National University
Governments have known about the flood risks in the Hawkesbury-Nepean Valley for more than two centuries. All have failed to protect the community.
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Lisa Lim, Curtin University; Carly Steele, Curtin University; Toni Dobinson, Curtin University
Around the world, one Indigenous language is lost every one or two weeks. Almost 10% of the world’s critically endangered languages are in Australia.
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Carole Nakhle, University of Surrey
Even before the war, Moscow was acknowledging the problems in its energy industry.
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David Tuffley, Griffith University
TikTok has admitted its Chinese employees have access to user data collected outside China.
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Greg Dolgopolov, UNSW Sydney
Set in Ukraine in 2014, Solntsepyok’s propaganda is designed to confuse, entertain and overwhelm the audience.
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Camilla Nelson, University of Notre Dame Australia
In a new report, child family violence survivors describe how family court worsened their trauma and profoundly affected their well-being even into adult life.
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Sophie Yates, UNSW Sydney; Caroline Doyle, UNSW Sydney; Shannon Dodd, Australian Catholic University
People with disability in prison may need help with personal hygiene, reading, filling in forms, understanding rules, participating in criminal justice proceedings, or making complaints.
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Politics + Society
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Michelle Grattan, University of Canberra
Michelle Grattan discusses politics with Peter Browne from the politics + society team
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Adrian Beaumont, The Conversation
Unlike Australia, judicial appointments in the US are politicised. Democratic presidents will try to appoint left-wing judges and Republican presidents will try to appoint right-wing judges.
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Health + Medicine
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Frank Beard, University of Sydney; Kristine Macartney, University of Sydney; Noni Winkler, Australian National University
Australia currently has its first cases of childhood respiratory diphtheria since 1992. So why are we seeing diphtheria now? And what role does travel play in its spread?
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Environment + Energy
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Olli Hellmann, University of Waikato
Nineteenth-century European settlement is often depicted as a triumphal ‘taming of nature’. But does that collective memory impede more honest appraisals of the environmental risks we face today?
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Education
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Anne Southall, La Trobe University; Fiona Gardner, La Trobe University; Lindy Baxter, La Trobe University
A new study finds a three-year trial of the ‘reflective circles’ approach to peer support offers a way forward for teachers whose already stressful jobs have become even tougher during the pandemic.
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Arts + Culture
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Vanessa Smith, University of Sydney
Anne Brontë’s novel was a skewering of her sister’s romantic heroes. Now a new adaptation finds something completely modern in her words.
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Books + Ideas
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Michelle Smith, Monash University
From mythical Moth people, who kidnapped children, to threatening desert fairies in loincloths, early Australian fairy tales helped sanitise white settlement, expressing colonial fears.
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