News Articles for Reserve Bank of Australia

The Reserve Bank of Australia has again held the country's cash rate steady at 4.35 per cent, meeting economists' expectations.

The Reserve Bank of Australia continues to hold the cash rate steady at 4.35 per cent at its third board meeting of the year.

A boom in jobs has pushed down Australia's unemployment rate and prompted economists to trim their interest rate outlook though some have cast doubt on the data.

The Reserve Bank of Australia has held the cash rate steady at 4.35 per cent following its second board meeting of the year, its third consecutive pause in the current cycle.

The Reserve Bank of Australia has not ruled out more interest rate hikes but economic forecasters are reasonably confident the next move will be down.

The Reserve Bank of Australia has held the cash rate steady at 4.35 per cent, in its first meeting of the new year.

It's an open question whether the lessons of 2023 will be learned or, as usual, forgotten.

The Reserve Bank's inflation and employment goals have been outlined in an updated statement, including the board's role in achieving full employment.

The Reserve Bank of Australia has held the country's official cash rate at 4.35 per cent, offering a slight relief to mortgage holders 20 days before Christmas.

The Reserve Bank of Australia has just released its revised economic outlook, following this month's rate hike that lifted the cash rate to 4.35 per cent.

The Reserve Bank fired off an interest rate hike last month to take out insurance against lingering inflation risks, minutes from a board meeting confirm.

Rising prices are still at the forefront of people's minds in Australia, with the impact of inflation still being felt around the kitchen table or at the petrol station.

Our weekly appointments wrap includes Richard McLeod, Debra Sayce, Wayne Bull, Mark Barnaba, John Gelavis, Brad Royce, Fiona Wood, Don Pyke, Ronni Kahn and James Goth.

Nadia Budihardjo and Claire Tyrrell discuss the onset of high-rise development in South Perth.

The Reserve Bank of Australia has delivered a Melbourne Cup Day blow to mortgage holders, increasing the nation's cash rate by 25-basis points to 4.35 per cent.

A 1.2 per cent quarter-on-quarter increase in consumer price index data released today has fueled predictions of a Reserve Bank cash rate hike in November.

Mortgage payments are at a record share of household disposable income, says a senior Reserve Bank official, and are expected to rise even further.

The Reserve Bank of Australia has held the cash rate at 4.1 per cent for a fourth consecutive month, in a widely expected move which marks its first under new leadership.

Wages growth in Western Australia has outpaced other states and territories, according to the latest data from the Australian Bureau of Statistics.

The Reserve Bank of Australia has held the nation's cash rate steady for a third consecutive month, in the final decision reached under governor Philip Lowe's six-year tenure at its helm.

The nation's seasonally adjusted unemployment rate rose 0.2 percentage points to 3.7 per cent in July, but the figure for Western Australia bucked the trend.

The Western Australian economy and its residents have been substantial beneficiaries of international trade.

The near-term outlook for growth is looking more downbeat than the Reserve Bank expected earlier, likely to trough at about one per cent at the end of 2023.

The Reserve Bank of Australia has held the nation's cash rate steady for the month of August, its first consecutive pause since April last year, citing economic uncertainty.

In this podcast Mark Beyer and Mark Pownall discuss EY, Mainsheet, FMG, Hancock vs Wright, ATCO and inflation.

Treasurer Jim Chalmers has described the latest jobs figures as a "good surprise" despite fears low unemployment could fuel further interest rate hikes.

Western Australia's seasonally adjusted unemployment rate fell back 0.1 per cent in June to 3.6 per cent, as the national figure held steady at 3.5 per cent despite an employment uptick.

The official labour data has proved resilient but is expected to start responding to worsening domestic economic conditions later in the year.

Philip Lowe will leave his post as head of the Reserve Bank, with Michele Bullock the first woman picked to lead Australia's central bank.

Warning bells are ringing louder in the commercial property sector as access to easy money dries up and rates keep rising.

Reserve Bank governor Philip Lowe has laid out a major shake-up of the central bank in the wake of a wide-ranging review into the institution.

The Reserve Bank of Australia has offered mortgage holders some relief after it held the nation’s cash rate target at 4.1 per cent following its July meeting today.

Former Under Treasurer and Mental Health Commissioner Tim Marney will join the Chamber of Minerals and Energy of Western Australia as its chief economist.

Some 1200 staff of the Reserve Bank have been underpaid more than $1 million due to an error calculating payments for leave entitlements.

The rising cost of living has flooded charitable organisations with those in need of a range of support services.

The Reserve Bank of Australia has lifted the nation’s official cash rate to 4.1 per cent – a 25 basis point jump which takes it above four per cent for the first time since April 2012.

Consumer confidence has not budged from its weak position, although mortgage holders have regained some optimism ahead of the next cash rate decision.

Mark McGowan's third budget as treasurer reinforced the state's standing as the country's strongest economy.

Reserve Bank governor Philip Lowe has used a public appearance to explain that low productivity growth, not wages, is threatening the outlook for inflation.

Consumers remain down in the dumps, with financial sentiment back to its lowest level since April 2020, but there is some optimism about the economy's future.