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Australians are ‘furious’ about inflation: RBA deputy
10 September
Australians are “furious” about inflation and it will take the nation years to fully get on top on higher post-pandemic living costs, the Reserve Bank’s deputy governor says.Ahead of the central bank’s meeting later this month on interest...[Read More]
Reserve Bank’s grim rates warning as oil prices spike
10 September
The Reserve Bank might have to raise interest rates if inflation is higher than expected as oil prices surge back towards $US100 a barrel.More attacks on oil tankers in the Strait of Hormuz drove Brent crude above $US97 a barrel, which will seep...[Read More]
Jobs and wage data in focus ahead of interest rate call
15 May
Upcoming wages and unemployment data may have significant bearing on the Reserve Bank’s closely watched interest rate decision.Domestic signals have taken somewhat of a back seat since US President Donald Trump’s tariff dump in early April.But...[Read More]
‘Green light’ for rate hike as GDP growth surprises
3 September
Australia’s economy grew by 2.1 per cent in the last financial year, cementing the odds for another rate rise as the economy proves more resilient than the Reserve Bank expects.Gross domestic product expanded by 0.4 per cent in the June quarter,...[Read More]
‘Hot mess’ inflation result puts rate rise on the table
27 August
More interest rate hikes are on the cards after Australia’s headline inflation rate came in higher than expected, despite falling to its lowest level in eight months.The consumer price index rose one per cent in July, resulting in the annual rate...[Read More]
AI boom, productivity malaise making RBA’s job harder
20 August
The surge in artificial intelligence investment and Australia’s sluggish productivity growth rate are forcing the Reserve Bank to keep interest rates higher, a top central bank official says.Speaking two days after the RBA kept the cash rate...[Read More]
‘Hawkish’ RBA open to more hikes after holding rates
13 August
The Reserve Bank has left the door open to more interest rate hikes as it held the benchmark lending rate steady for a second straight meeting.Falling house prices and lower-than-expected inflation helped convince the central bank’s nine-member...[Read More]
‘Softer than we thought’: RBA’s admission on inflation
6 August
Surprise inflation data, which came in lower than expected and below the central bank’s own forecasts, was due to softer fuel prices, according to the RBA’s chief economist.Figures released on Wednesday revealed headline inflation for June fell...[Read More]
Surprise inflation drop eases chance of RBA rate hikes
30 July
Falling inflation levels have defied Reserve Bank predictions, alleviating fears another interest-rate hike is imminent.The latest Australian Bureau of Statistics data showed headline annual inflation falling to 3.8 per cent in June, down from four...[Read More]
Shoddy bank record-keeping hits savers as scammers lurk
30 July
Systemic shoddy record-keeping at big banks is risking the savings of Australians trying to benefit from a safe investment strategy.The financial regulator issued the warning around mortgage offset accounts, which are marketed to borrowers as a way...[Read More]
How trust in the RBA could help keep interest rates low
23 July
As people lose faith in institutions across the globe, a report shows maintaining trust in the Reserve Bank can help keep inflation under control.A survey released by the central bank on Wednesday showed people who have higher trust in the RBA are...[Read More]
Trump threatens to shoot down signs of economic rebound
16 July
Just as businesses and consumers were beginning to grow more confident, a return to arms in the Middle East risks sending sentiment back to the doldrums.Business confidence climbed nine points in June, despite warnings the federal budget would smash...[Read More]
Inflation-fuelling supply shocks under RBA microscope
9 July
Expect to hear more from the Reserve Bank as it grapples with how to navigate a world punctuated by more frequent supply shocks due to heightened geopolitical tensions and climate change.With shocks like the Middle East oil crisis and Donald...[Read More]
Longest stretch of weak growth since 1990s forecast
9 July
Australia’s economy is set to grow below two per cent for the longest period since the early 1990s, exposing a malaise long masked by population growth, a report has warned.Rarely has the economics advisory group adopted such a downbeat assessment...[Read More]
Weak housing market could imperil Australia’s economy
2 July
The Reserve Bank is worried Australia’s economy could be weakened by a housing market slowdown accelerated by the federal budget, a readout of its last interest rates meeting shows.The central bank’s monetary policy board voted unanimously to...[Read More]