Focus
Reserve Bank of Australia
Pressure Coming Off RBA as Jobs Market Loses Some Heat
Strong population growth and people re-entering the workforce was adding to labour supply and keeping wages grow at a pace consistent with taming inflation.
One in 20 Mortgage Holders Spending More Than They Earn, RBA Report Finds
The Reserve Bank says households are surviving its repeated interest rate rises, but three percent of owner occupiers are now in a serious financial trouble.
Opinion: The Most Important Reserve Bank Governor for Australia?
Having first been skeptical about the appointment of Bullock, my first impressions seem to be wrong.
Stubborn Service Sector Contributing to High Inflation: RBA
It will probably take another two years for inflation to return to a midpoint of 2.5 percent, meaning ongoing pressure on household incomes.
Australia's Reserve Bank Holds Official Cash Rate at 4.35 Percent
The central bank cited the recent drops in inflation as the main reason for its decision.
Australia’s Inflation Dampening, Hits 2-Year Low
In terms of quarter growth, the growth in CPI dropped from 1.2 percent in the September quarter to 0.6 percent in the December quarter.
Moderate Inflation Raises the Case for Interest Rate Pause
The monthly CPI grew 4.3 percent in the 12 months to November 2023, down from 4.9 percent in the previous month.
Australia’s National Unemployment Rate Rises to 18-month High Amid Downturn
The Australian labour market is loosening as the economy navigates through difficult waters.
Cash Rate Remains Unchanged at 4.35 Percent in December
Measures of inflation since November have developed in line with the RBA’s expectations, prompting the bank to put the cash rate on hold for December.
Nearly 80 Percent of Australian Households Grapple With ‘Extreme’ Financial Stress: Report
The data suggests that families are wrestling with the burdens of rising expenses, prompting a widespread reevaluation of spending habits.
Australia Post to Fill Void Made By Bank Branch Closures
AusPost may be in a position to fulfil a number of services traditionally offered by banks.
Australia’s Official Cash Rate Unlikely to Increase in 2024: OECD
The OECD predicts Australia’s official cash rate to remain at 4.35 percent before dropping 0.75 percent between the third quarter of 2024 and the end of 2025.
RBA to Set Up New Board for Interest Rates, Scrap Treasurer’s Overruling Powers
‘We want to ensure Australia’s central bank remains world class with a monetary policy framework fit to meet our current and future economic challenges.’
Australia’s Inflation Now Homegrown: Reserve Bank Boss
‘This shift from mainly supply-driven to mainly demand-driven inflation has been a part of our inflation outlook for some time,’ said RBA governor.
Australian Official Cash Rate Lifted to 4.35 Percent in November
The recent rise in inflation risks was the main reason for the RBA’s decision.
Westpac CEO Believes Interest Rates May Need to Rise Further to Combat Inflation
Westpac CEO Peter King advocates further rate hikes amid his bank’s spike in profits.
Reserve Bank Says Cash Orders Have Plunged by Two-Thirds in 3 Years
Commercial bank cash orders declined two-thirds and cash payments halved over three years to 2022, according to the RBA.
Australia’s Central Bank Says Digital Currency Will Save Billions
A tokenised currency would boost market efficiency, the RBA assistant governor said.
Digital Wallets Like Google, Apple Pay to Be Regulated by Reserve Bank
The legislation is the Labor government’s latest effort to ’modernise' Australia’s payment system.
