Focus
Reserve Bank of Australia
The 2 New Faces Who Will Decide Interest Rates From 2025 Revealed
The Opposition said now was not the right time to ’sack and stack' the Reserve Bank Board.
No Christmas Gift from the RBA: Cash Rate Remains Unchanged
Despite inflation falling from its 2022 peak, underlying inflation remains high, with the RBA indicating it won’t hit its target until 2026.
RBA Reforms Pass: Interest Rate and Corporate Governance Boards Split
The move comes after the Greens secured key concessions from the Labor government.
Reserve Bank Cautiously Optimistic About Inflation Drop
RBA holds cash rate steady as tight labour market delays inflation’s return to target, projecting stability by 2026.
RBA Unmoved by Latest Inflation Figures, Holds Cash Rate Steady
RBA says current forecasts do not predict inflation returning sustainably to the target midpoint of 2.5 percent until 2026.
A Million New Jobs Put Lower Interest Rates Further out of Reach
Good news for out-of-work Australians is likely to translate as bad news for those with mortgages.
IMF Cautions Australian Government on Spending, Backs Reserve Bank
The IMF believes Australia’s economy is expected to recover gradually, with growth projected to begin picking up in the latter half of 2024.
August Sees Job Vacancy Reductions Across 11 Industries, ABS Reports
Across Australia, there were 330,000 job vacancies in August 2024, down by 18,000 from May.
Taxpayer-Funded Rebates, Public Transport Subsidies Drive Inflation to 3-Year Low
While inflation has fallen within the target 2 percent range, the RBA chief has already warned that this would likely be temporary.
RBA Governor Explains Why Australia Lags Behind in Interest Rate Cuts
Bullock stated that Australia sets its interest rates based on domestic circumstances, noting that we have been less restrictive compared to some others.
RBA Sticks to Its Guns: Interest Rates Unchanged Amidst Political Pressure
RBA says inflation has significantly decreased since its 2022 peak, thanks to higher interest rates that have aligned aggregate demand and supply.
Greens Urge Treasurer to Use Powers to Slash Interest Rates
Finance Minister Katy Gallagher said the party has gone ‘out of control.’
Job Growth May Impact Mortgage Rates and Borrowers
The increase in job numbers, almost double what was forecast, is positive news for the unemployed, but may diminish expectations of an RBA rate cut.
Australian Unemployment Rate Remains at 4.2 Percent, More Working Part-Time
The number of people working full-time fell.
Reserve Bank Urged to Adapt After US Fed’s Aggressive Interest Rate Reduction
An expert says RBA’s slow pace has left inflation high, while the Fed’s strategy succeeded. He suggested the RBA to reconsider its gradual approach.
Treasurer Jim Chalmers Open to Negotiating with Greens on RBA Legislation
The opposition warns the reform may result in a ’sack and stack' approach.
Treasurer Chalmers Denies Tensions with Reserve Bank in Parliament
The opposition pressed the government on the different of strategy with the Reserve Bank.
Government Overspending on Unprofitable Sectors Could Destroy Australia’s Wealth: Expert Warns
The prime minister defended the RBA’s monetary policy, adding the government has many schemes assisting households with cost of living.
No Plan Yet to Cut Interest Rates: Reserve Bank of Australia
The governor said inflation was still too high.
Australian Inflation Eases to 3.5 Percent in July as Electricity Rebates Kick In
Food and alcohol price rises offset the fall in electricity prices.
