Reserve Bank of Australia

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.

The data suggests that families are wrestling with the burdens of rising expenses, prompting a widespread reevaluation of spending habits.

AusPost may be in a position to fulfil a number of services traditionally offered by banks.

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.

'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.'

'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.

The recent rise in inflation risks was the main reason for the RBA's decision.

Westpac CEO Peter King advocates further rate hikes amid his bank's spike in profits.

Commercial bank cash orders declined two-thirds and cash payments halved over three years to 2022, according to the RBA.

A tokenised currency would boost market efficiency, the RBA assistant governor said.