RBA still not ‘ruling anything in or out’ on next move

19 June

Interest rates have been left on hold by the Reserve Bank which is keeping its options open on future moves, with neither a cut nor a hike ruled out. The central bank has again left its target cash rate at 4.35 per cent, where it has sat since...[Read More]

‘A few little alerts’ ringing for the RBA on inflation

19 June

Persistent price pressures, stronger household spending and sluggish productivity performance are some of the risk factors worrying Australia’s central bank in the challenging final mile on inflation. As universally expected, the Reserve Bank of...[Read More]

Captain Chalmers lines up soft landing on narrow runway

12 June

Global headwinds will continue to buffet Australia’s economy as Treasurer Jim Chalmers sets a course for a final approach towards low inflation. Dr Chalmers is confident Australia remains on track for “a soft landing on a narrow runway”,...[Read More]

Wages bump unlikely to concern Reserve Bank: economists

5 June

The Reserve Bank’s inflation battle is unlikely to be thrown off course by a bump for Australia’s lowest-paid workers, economists say. Millions of employees on minimum and award wages will get a 3.75 per cent pay rise from July following the...[Read More]

RBA boss says hardship letters ‘very hard to read’

5 June

The Reserve Bank’s governor says letters from struggling borrowers make for tough reading, but push the central bank to achieve its goals to help Australians. Michele Bullock acknowledged the pressure on mortgage-holders from higher interest rates...[Read More]

Monthly inflation ticks higher for second month in row

29 May

A larger-than-expected rise in prices was recorded last month, with consumers slugged with higher prices for essentials like groceries and health. For the second month in a row, the Australian Bureau of Statistics’ monthly consumer price index...[Read More]

Consumer spending the wildcard in rate hike uncertainty

22 May

Australian consumers have been saving rather than spending and a change in behaviour could complicate matters for the Reserve Bank, keeping interest rates higher for longer. The minutes from the central bank’s May meeting confirmed a rate hike was...[Read More]

Rationale behind RBA’s last cash rate call on show

22 May

Lingering price pressures had the central bank alert and watchful at the last interest rate call and the minutes of the board’s meeting will be combed through for further insights. Slated for release on Tuesday, the minutes from the Reserve...[Read More]

Workers’ wages grow 4.1 per cent, silver lining for RBA

15 May

Workers saw their wages outpace inflation during the first three months of 2024, but a lower-than-expected increase will encourage the Reserve Bank board as they mull their next interest rate move. Wages grew 4.1 per cent annually in the March...[Read More]

Economists warn budget could ‘poke inflationary bear’

15 May

A pitch to bring inflation back to target by as soon as Christmas has been muddied by economists worried about new spending and energy bill relief for all. Forecasts embedded in the Albanese government’s third budget show inflation will go back...[Read More]

Rates on hold but RBA ‘vigilant’ to inflation risks

8 May

Australia’s key interest rate has been left on hold but financially-stretched borrowers are not out of the woods yet. The Reserve Bank of Australia remains “alert and vigilant” to emerging price pressures, including renewed pain at the...[Read More]

Consumer price temperature check key to rates outlook

24 April

Australia’s hotly anticipated quarterly consumer price index will land amid fears inflation progress is stalling in some advanced economies and threatening to delay interest rate cuts. Consecutive months of hotter-than-expected United States...[Read More]

Reserve Bank’s shift to neutral likely to be reinforced

3 April

With less than six weeks to go before the next Reserve Bank of Australia decision on interest rates, borrowers are about to get more signals on what it might do next. The central bank has left the key cash rate unchanged at 4.35 per cent following...[Read More]

Reserve Bank shelves formal rate hike talk

3 April

No other option aside from keeping interest rates on hold was formally entertained at the Reserve Bank of Australia’s last interest rate meeting. The decision to leave interest rates untouched at 4.35 per cent was widely expected at the meeting...[Read More]

Inflation holds steady but services prove stubborn

27 March

The final stretch to bring inflation back to target is proving challenging, based on fresh data, though that is broadly what the Reserve Bank expected. The Australian Bureau of Statistics’ monthly inflation indicator held steady at 3.4 per cent...[Read More]