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Peter Martin

Peter Martin is the Economics Editor for The Age.

RBA holds rates but with a loose grip

A man is reflected as he walks past the sign of the Reserve Bank of Australia office at the financial district in central Sydney on November 6, 2012. Australia's central bank is set to announce its decision on interest rates after a monthly meeting November 6. AFP PHOTO/ROSLAN RAHMAN

Peter Martin Central bank prepared to cut interest rates in December, but it will be no pushover.

China our best customer despite a dip in exports

In this photo taken Wednesday, Jan. 4, 2012, a container is loaded onto a truck, right, at a port in Qingdao in east China's Shandong province. China's trade suffered its biggest decline since the 2008 crisis in January, a new sign of weak global demand and a slowing domestic economy. Exports fell 0.5 percent from a year earlier to $149.9 billion, while imports were down 15 percent at $122.7 billion, customs data showed Friday, Feb. 10, 2012.

Peter Martin China remains Australia's biggest export market, notwithstanding sliding prices and lower demand.

Westpac urges rate cut to lift confidence

AFR. Pic of Gail Kelly at Westpac AGM at the Westpac building in Sydney. Pic by Nic Walker. Date 5th November 2012. A68C4127 copy.jpg

Peter Martin THE Reserve Bank is expected to leave rates on hold, making this the first Melbourne Cup day in six years it will have done so.

Garnaut hits out at 'wasteful' investment

Ross Garnaut

Peter Martin CLIMATE change adviser Ross Garnaut has lambasted Australian executives for destroying shareholder funds in the blind belief China's demand for Australia's big three mining exports would continue to...

Workers have never had it so good

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Peter Martin FAR from being squeezed, working people are better off than ever, according to the latest figures, with lower costs from interest rates counteracting the higher costs imposed by the carbon tax.

Comments 186

Swan empties bag of tricks to save his skinny surplus

Peter Martin

Peter Martin THE government needs export prices to stop falling if it is to have any hope of painlessly delivering its promised budget surplus.

Price slides worry Treasury

PALMER AFR PHOTOGRAPH BY GLENN HUNT 20082012.
NEWS- Cape Preston Port which will soon distribute iron ore from Sino Iron Project mine in W.A.

Peter Martin, Clancy Yeates Since May budget spot prices of three main exports have fallen 15 to 35 per cent.

Jones to run ad-free

Alan Jones

Peter Martin Alan Jones will broadcast ad-free from Monday after his own radio network pulled the remaining ads of the sponsors who have stuck with him.

Comments 313

Banks dudding customers for years - study

Commonwealth Bank Martin Place building

Peter Martin AUSTRALIA'S banks have been shortchanging home loan customers for years, and especially since the onset of the global financial crisis, a landmark study has found.

The big banks take with one hand - and the other

bank

Peter Martin Australian banks have form when it comes to failing to pass on rate cuts in full and over-egging rate rises, study finds.

Comments 147

Rates cut and stand by for more

Interest rates

Peter Martin The Reserve Bank cuts interest rates to the lowest point since the 2009 financial crisis amid concern the mining investment boom will peak sooner and lower than expected.

Boost for property owners as rates cut

Home owners

Peter Martin THE Reserve Bank has cut interest rates to the lowest point since the 2009 financial crisis amid concern that the mining investment boom will peak sooner and lower than expected.

We're not all true boom believers

Is the mining boom over?

Peter Martin National poll finds resources-driven economy is seen as a good thing by most, but women and Victorians are less sure.

GST ruling on $34m Qantas kept from no-show customers

Qantas

Peter Martin THE High Court will rule today on whether Qantas can keep an extraordinary $34 million it has collected in GST from customers who did not show up, in a landmark judgment that hinges on what exactly...

Qantas' $34m GST takings to face High Court ruling

Qantas says it can't owe the money because it didn't supply a flight, meaning it didn't supply a service.

Peter Martin The High Court will rule today on whether Qantas can keep an extraordinary $34 million it has collected in goods and services tax from customers who didn't show up.

Show us the evidence, says offended seniors group of fraud claim

Australian bank notes

Peter Martin, Henrietta Cook OLDER people hoard thousands of dollars in cash to pay for their funerals, but they do not do so to get the pension, says Seniors Australia, which has labelled the suggestion they use cash to defraud...

The grey economy: how retirees rort the pension

pensioner

Peter Martin ELDERLY Australians committing welfare fraud on a massive scale are behind the extraordinarily high number of $100 notes in circulation, a former senior Reserve Bank official says.

Comments 531

Company tax likely to stay put

Financial-Services

Peter Martin The Tax Institute says it can't support axing business tax breaks to fund cuts.

Growth in notes shows cash is king - RBA

Notes.

Peter Martin CASHLESS? Hardly. Australians are holding on to more of the stuff than ever before and accumulating it at an increasing rate.

Australian wallets stuffed with cash

Aussies wallets stuffed with notes

Peter Martin Aussies holding on to more of the stuff than ever, and accumulating it at an increasing rate.