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Michael Janda
Michael Janda

Michael Janda

Michael Janda has been the ABC’s Online Business Reporter since 2009. He was the ABC’s first Business and Finance Cadet in 2008, and has since worked reporting finance across online, radio and TV. Michael’s time at the ABC has also included stints as a producer on Lateline Business and Business Today, and reporting roles with Lateline Business and The Midday Report on TV, and The World Today, PM and ABC News on radio. Michael holds a first-class honours in Political Economy from the University of Sydney and is in the process of completing a law degree part-time at UTS. You can follow Michael on Twitter: @mikejanda

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Latest by Michael Janda

APRA boss Byres to stand down early from bank regulator

By business reporter Michael Janda
The head of Australia's bank regulator will end his term almost two years early, announcing he will step down from his role at the end of October.
Posted Updated
A head-and-shoulders shot shows a middle-aged white man in a dark suit and red tie with short cropped dark hair

The last time inflation got out of control 'it ended badly'. So what's likely to happen this time?

By business reporters Rachel Pupazzoni and Michael Janda and Lori Youmshajekian
Inflation is the highest it has been in decades, and is set to rise further. But how is it measured, what is behind the price rises and how will the Reserve Bank get it back under control?
Posted Updated
A woman is choosing fruits at supermarket.

ASX ends flat as big four banks lift interest rate forecasts, ECB moves rates higher

By business reporter Michael Janda
The ASX ends its trading week with a flat session, as investors digested the European Central Bank's first rate rise in more than a decade amid growing political uncertainty in Italy.
Posted Updated
Images of Australia's big four banks on plinths with Westpac out front.

Former treasurer Josh Frydenberg lands a job with Goldman Sachs

By business reporters Michael Janda and Gareth Hutchens
Former treasurer Josh Frydenberg lands a new job with investment bank Goldman Sachs two months after losing his seat at the federal election.
Posted Updated
Treasurer Josh Frydenberg smiling at the Liberal Party campaign launch.

ASX ends higher after tech-led Wall St rebound; Bitcoin drops on Tesla sell-down

By business reporter Michael Janda
The Australian share market ends the trading day higher, as a rebound in big US tech stocks filters through locally.
Posted Updated
The back of a man's head looking at a ASX sign
analysis

analysis: One in 10 households are going to fix inflation for everyone else. The RBA review needs to ask if that's fair

By business reporter Michael Janda
While the Reserve Bank of Australia is obviously the main focus of the upcoming review, it could end up delivering more important lessons for the federal government and Treasury.
Posted Updated
Two women wearing work attire walking past the Reserve Bank of Australia offices in Sydney.

Federal Treasurer warns of 'confronting' budget as New Zealand inflation figures stoke fears

By business reporter Michael Janda
Fresh inflation figures out of New Zealand sound a warning that the worst of price and rate rises may still be yet to come, says Australia's federal Treasurer as he warns Australians to brace for next week's "confronting" budget update.
Posted Updated
Chalmers is looking downwards, standing in front of Australian and Torres Strait Island flags.

ANZ announces $5 billion Suncorp Bank takeover

By business reporter Michael Janda and senior business correspondent Peter Ryan
Suncorp accepts a $4.9 billion bid from ANZ to take over its banking business, as the big four bank seeks to accelerate its growth.
Posted Updated
suncorp bank

Good news for jobseekers is bad news for borrowers as unemployment falls to new lows, rates set to jump again

By business reporters Michael Janda and Rhiana Whitson
Australia's official unemployment rate drops to 3.5 per cent, with an estimated 88,400 jobs added to the economy last month.
Posted Updated
A Sushi Hub store in central Sydney advertises for staff.

Central banks in NZ and Korea push ahead with more supersized rate rises, Australia likely to follow

By business reporter Michael Janda
Central banks in New Zealand and Korea have pushed ahead with further super-sized interest rate rises as they attempt to tame rampant inflation.
Posted Updated
The New Zealand Flag

Households brace for the toughest times since the start of the pandemic, confidence plunges

By business reporter Michael Janda
Australians are still spending record amounts of money, but surveys show that could change quickly as interest rate rises send consumer confidence towards pandemic lows.
Posted Updated
Person holding shopping bags, legs only
analysis

analysis: Real wages are falling as profits surge and it's 'not an accident of economic conditions'

By business reporter Michael Janda
This week's National Accounts show the economy growing solidly. But the growth is mainly benefiting businesses, especially mining businesses, while workers' wages fall further behind.
Posted Updated
A female mine worker walks past a mine dump truck at a coal mine in central Queensland.

Economic growth beats expectations, as profits outpace wages

By business reporters Michael Janda and Rachel Pupazzoni
Australia's economic growth beat analyst forecasts over the first few months of the year, but there is evidence the benefits are being felt more by business owners than workers.
Posted Updated
Australian currency is seen next to a wages graph

Rising debt, rates and inflation combine to trigger first house price fall since 2020

By business reporters Michael Janda and Rachel Pupazzoni
Australian home prices have fallen nationally for the first time in at least 20 months, according to two leading monthly indices, although many parts of the country are still in a property boom.
Posted Updated
For sale sign in front of property with orange roof

Is it about to get harder to get a big home loan?

By business reporter Michael Janda
Two of Australia's biggest banks are moving to curb high-risk home lending, as the regulator reveals it has been warning some institutions to cut back on risky loans.
Posted Updated
A poster at an NAB branch advertises a 1.89pc two-year fixed rate with a house in the image.

'No spare capacity': Hiring shudders to a halt as unemployment drops below 4 per cent

By business reporters Michael Janda and Rhiana Whitson
Australia's unemployment rate falls to 3.9 per cent, even though only 4,000 new jobs were created in April, leading some economists to conclude Australia is running out of workers available for hire.
Posted Updated
A clothing store in Sydney advertises for staff in its shopfront.

Bonnie is one of many employers struggling to find staff, so why aren't workers being paid more?

By business reporters Michael Janda and Nassim Khadem
Australian workers saw their base wages rise 2.4 per cent over the past year, but inflation more than double that rate meant their real wages "collapsed", according to economists.
Posted Updated
Bonnie Kelepouris stands in a corridor and smiles

Borrowers narrowly escaped a bigger rate rise in May and may not be so lucky next month

By business reporter Michael Janda
Borrowers may only have narrowly escaped a bigger interest rate rise this month and should brace for the chance of a super-sized move in June, the Reserve Bank's latest minutes reveal.
Posted Updated
Reserve Bank governor Philip Lowe after a press conference at the RBA head office in Sydney.

'We have a lot of fat that can feed a wage increase': Economists disagree over minimum pay rise

By business reporters Michael Janda and Rhiana Whitson
Wages have become the latest battleground in the election, with debate raging about how much extra workers can get paid without sending businesses broke and consumer prices soaring.
Posted Updated
A waitrees looks to the side as she holds a cup of coffee balanced on a saucer

Clive Palmer's party is proposing a mortgage cap that would take Australia's banking system back to the 1970s

By business reporter Michael Janda
With the cost of living surging and interest rates rising for the first time in more than a decade, a cap on mortgage repayments would come as welcome relief for millions of borrowers. But can it be done and who would end up paying for it?
Posted
Mr Palmer pulls a "thumbs up" and smiles in front of signs that say "make Australia great".
analysis

analysis: What a difference a month makes – RBA forecasts differ radically from Treasurer's pre-election budget

By business reporter Michael Janda
The Reserve Bank's latest economic forecasts differ wildly from Treasury's latest budget numbers, which are barely a month old. And there is bad news for workers hoping they will get a pay rise bigger than the increasing cost of living.
Posted Updated
Philip Lowe and Josh Frydenberg sit at a table and smile.

Interest rates rise for first time since 2010 and RBA governor warns the economy will 'require a further lift'

By business reporters Michael Janda and Emilia Terzon
The Reserve Bank increases interest rates for the first time in more than 11 years, with a 25-basis-point hike taking the cash rate target to 0.35 per cent.
Posted Updated
Reserve Bank governor Philip Lowe after a press conference at the RBA head office in Sydney.

The cost of living is surging, so why will the RBA add to it by raising interest rates?

By business reporter Michael Janda
The Reserve Bank is increasingly likely to start raising interest rates next Tuesday. But why would it add increased interest costs to household budgets at a time when Australians are struggling with a surging cost of living? Michael Janda explains the economics behind it.
Posted Updated
RBA governor Philip Lowe smiles while standing in a hotel lobby after delivering a speech.

May 'in play' for a rate hike as cost of living surges by most in 20 years

By business reporters Michael Janda and Rachel Pupazzoni
Consumer prices jump by the most since the GST was introduced, with the cost of living up 5.1 per cent over the past year, prompting increasing speculation of an interest rate rise as early as next week.
Posted Updated
A blurred car driving on the highway with petrol prices showing behind it

Inflation surge could see super-sized interest rate hike in June, economists warn

By business reporter Michael Janda
The latest official inflation figures are expected to be the highest since the global financial crisis, and at least one leading economist warns they could trigger an extra large first interest rate hike from the Reserve Bank.
Posted Updated
Business people walk outside the Reserve Bank of Australia.

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