RBA
Inflation-beating pay rises canāt be widespread: RBA
7 June
The wages of the lowest-paid workers should be protected from the rising cost of living but not everyone should expect a pay rise that eclipses inflation, the central bank head says. Reserve Bank of Australia Governor Philip Lowe has clarified his...[Read More]
Cash rate rises to highest point in more than 11 years
7 June
RESERVE BANK LIFTS RATES The Reserve Bank board has decided at its June meeting to raise the cash rate by 25 basis points to 4.1 per cent, the highest point since April 2012. * The RBA says wages growth has picked up in response to the tight labour...[Read More]
Inflation still hot as RBA comments on risks and rent
31 May
RBA governor Philip Lowe has outlined a number of risks to the central bankās task of returning inflation to target as the monthly consumer price index comes in at a hotter-than-expected 6.8 per cent. Headline inflation lifted from 6.3 per cent in...[Read More]
Philip Lowe urges diversity on Reserve Bank board
31 May
Populating the new monetary policy board solely with economists would be a backward step, Reserve Bank governor Philip Lowe says. The governor favours a diverse board that includes business people and labour market experts. Dr Loweās comments...[Read More]
All signs point to lower economic growth than usual
24 May
Australia is staring down the barrel of lacklustre economic growth throughout this year and next. New figures point to below-trend growth thatās now tipped to drag into early 2024. The monthly level of the leading index as assembled by Westpac and...[Read More]
More interest rate rises still on the cards, RBA says
17 May
The Reserve Bank board is ready to lift interest rates again as the spiralling rental crisis, sluggish productivity growth and other concerning trends threaten to derail the central bankās plan to rein in inflation. In the minutes from the May...[Read More]
Fed budget āslightly expansionaryā: former RBA governor
17 May
Interest rate rises last year were a āno-brainerā but itās become difficult to know when to stop, according to a former Reserve Bank governor. Central banks are in a āonce-in-a-generation battle with inflationā, Glenn Stevens, RBA governor...[Read More]
Conditions still good for business but risks brewing
10 May
Economic storm clouds have the private sector nervous but conditions for doing business do not yet reflect this heightened concern. Business conditions are still robust, as measured in NABās monthly survey, but are gradually losing steam. The...[Read More]
Interest rate hike number 11 sparks recession worries
3 May
The decision to hike interest rates again after a month on pause has raised concerns the Reserve Bank could nudge the economy into a recession. The central bank raised the cash rate by 25 basis points to 3.85 per cent on Tuesday, with a tight labour...[Read More]
Cash rate call on a knife edge as inflation slows
27 April
Australiaās inflation has most likely topped out and is starting to moderate but itās unclear if the fall will be enough to convince the Reserve Bank to keep interest rates on hold next week. Consumer prices lifted seven per cent annually in the...[Read More]
RBA rate calls still face potential parliament veto
26 April
The federal government will ultimately be able to intervene in Reserve Bank decisions despite independent reviewers calling for the scrapping of the treasurerās power to override interest rate decisions. Gordon de Brouwer, one of three experts...[Read More]
Reserve Bank minutes suggest May rate hike on the table
19 April
The Reserve Bank board has plenty of reasons to hike interest rates further and members will be gunning for a convincing cool-off in inflation numbers to keep the cash rate on hold longer term. The minutes from the April interest rate decision...[Read More]
Treasurer calls for bipartisan support on RBA reform
19 April
The treasurer has called on the opposition to work with the government on laws to reform the Reserve Bank. Jim Chalmers has confirmed the reforms, based on an independent review of the central bank thatās yet to be publicly released, will have a...[Read More]
Relief on rates but donāt bank on an end to rises
5 April
Homebuyers are being warned to brace for more mortgage misery in the months to come despite being spared an 11th interest rate rise in row. The Reserve Bank on Tuesday left interest rates unchanged but has given itself wiggle room to hike again if...[Read More]
Key factors in the Reserve Bankās rates pause decision
5 April
RESERVE BANK PAUSES RATES * The cash rate has risen from 0.1 per cent in April 2022 to 3.6 per cent in March. * The Reserve Bank board decided at its April meeting to leave the cash rate on hold. * In a statement, the board said the pause would...[Read More]