RBA
‘Nothing’s in, nothing’s out’: RBA keeps options open
7 February
Reserve Bank governor Michele Bullock is keeping her options open on interest rate movements both up and down and remains alert to economic risks on the horizon. “Nothing’s in, nothing’s out,” Ms Bullock said during the first-ever...[Read More]
Living pressures ease for employee households
7 February
Working families are still under acute financial pressure but fewer cash rate hikes of late has tempered growth in their overall living costs. In the 12 months to the December quarter, living costs rose 6.9 per cent for employee households, down...[Read More]
Thrifty December cures sales-fuelled debt hangover
7 February
Frenzied spending during the Black Friday sales left many nursing credit card debt in the lead-up to Christmas. Australia’s credit card bill attracting interest charges inched higher by $21 million in December to $17.31 billion, Reserve Bank of...[Read More]
Inflation rate eases to two-year low in welcome sign
31 January
Australian mortgage holders can rest easy heading into the first cash rate call of the year following convincing progress on inflation. Yet even with softer set of consumer price data – including the smallest quarterly increase in almost two years...[Read More]
Focus on overseas data as Australian economy cools off
24 January
Australians will look to the US and China for economic sneezes as the nation tries to avoid catching a fiscal cold. After promising jobs and inflation figures pointed to cooling inflation, the domestic economy is set for a comparatively quiet week...[Read More]
Jobs data on agenda as signs point to cooling inflation
18 January
All eyes will be on jobs data this week as Australians hope for more positive signs before the Reserve Bank’s first rate decision of the year. A slowdown in jobs growth is expected to show up in the Australian Bureau of Statistics’ December...[Read More]
Slower-than-expected inflation lifts rate pause hopes
10 January
The prospect of another interest rate hike next month has become more remote after inflation fell faster than expected. The Australian Bureau of Statistics consumer price index for November came in at an annual rate of 4.3 per cent, down from 4.9...[Read More]
Cost of living relief on table but cash handouts vetoed
3 January
Financially strained Australian households could be in line for more cost of living relief as the federal government considers its options for extra help. That assistance is unlikely to come in the form of cash handouts as Prime Minister Anthony...[Read More]
RBA boss hopeful for better year following hard 2023
13 December
The elevated cost of living, higher interest rates and a rising tax take have fed into one of the most difficult years for consumers on record. The painful squeeze on households as captured by consumer confidence surveys has been recognised by...[Read More]
Reserve Bank wants to keep ‘broad coverage’ of ATMs
13 December
Most Australians are ditching cash in favour digital payments and the Reserve Bank says that’s putting pressure on the economics of ATMs and physically moving notes and coins around. Although the federal government and the central bank are...[Read More]
RBA gift wraps end-of-year rate relief for borrowers
6 December
Australian mortgage holders have been gifted an early Christmas present as the Reserve Bank chooses to leave interest rates untouched. The board has decided to leave the cash rate at 4.35 per cent at the December meeting in a move most forecasters...[Read More]
UK central banker nabbed to take over as RBA deputy
30 November
A top central banker from the United Kingdom will take on the deputy governor job at the Reserve Bank of Australia, bringing experience and a fresh perspective to the task. Andrew Hauser has spent more than 30 years at the Bank of England, the...[Read More]