The Bottom Line
Updated Friday 23 October 2026
RBA Deputy Governor Andrew Hauser said at Citi's Australia and New Zealand Investment Conference on 21 October that Australia's inflation outlook looks materially worse than the RBA projected in its August report.
ABS figures show annual headline CPI at 4.0 per cent to August 2026; the trimmed mean, the RBA's preferred measure of underlying inflation, is not yet published for August. ABS figures show the unemployment rate at 4.7 per cent in September 2026, the highest reading in the stored series since October 2021.
Energy Minister Chris Bowen and Finance Minister Katy Gallagher said in a joint statement that Snowy 2.0 will provide more than half of the total energy storage the grid needs by 2050. Snowy Hydro CEO Dennis Barnes said the project is now expected to deliver first power in early 2029, according to ABC, roughly eight years later than originally planned.
MacroBusiness reports that house prices fell across every capital city in the September 2026 quarter and that new home sales weakened sharply.
The Treasurer released draft regulations to raise financial reporting thresholds for proprietary companies, doubling the consolidated revenue threshold to $100 million and the consolidated gross assets threshold to $50 million, applying from financial years commencing on or after 1 July 2027. The Treasurer claimed the changes will save business over $210 million in compliance costs each year.
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