Both the economy and the energy markets are proving to be a challenging mix for the new Labor Government.
The chief political correspondent with The Financial Review, Phil Coorey, joins RN Breakfast to discuss the latest developments in federal politics.
Morningshow etc.
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RN Breakfast daily stories separated out for easy listening. RN Breakfast is the program informed Australians wake up to. Start each day with comprehensive coverage and analysis of national and international events, and hear interviews with the people who matter today—along with those who'll be making news tomorrow.
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Folge vom 15.06.2022Energy system is a complete and utter market failure - Politics with Phil Coorey
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Folge vom 15.06.2022Interest rates to keep rising to tame 7% inflationRBA Governor Philip Lowe says the bank will do whatever it takes to lower inflation, which he says will now top 7% this year. Economist and former RBA board member Warwick McKibbin says the official cash rate will have to rise above 3% to get the job done.
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Folge vom 15.06.2022Peter Malinauskas: We're witnessing market failure on a grand scaleAEMO is now warning that five states face power shortages, SA Premier Peter Malinauskas says that the current crisis has shown that the nations market structure is broken. He says repeated policy failures have compromised the nation and that SA will pursue state owned generation via what he says will be the world's largest hydrogen-electrolyser.
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Folge vom 15.06.2022East coast energy crisis adds to risk of recessionThe ASX ended trading yesterday at a 16-month low, AMP Capital Chief Economist Shane Oliver says it's playing catchup with Wall Street. He says in Australia the east coast energy crisis, including warnings of blackouts and soaring energy prices, is adding to the risk of a recession.