The Reserve Bank is forecasting a slow but orderly return to above-trend growth and for inflation to return to target within three years, but economists and the International Monetary Fund warn that risks remain.
The Reserve Bank has held its benchmark interest rate at 1.5 per cent, saying increases in mining exports and a pick-up in consumption will support a return to reasonable economic growth after a dip in the September quarter.
The Reserve Bank of Australia has held its benchmark interest rate at 1.5 per cent, saying the current rate is right to meet its forecasts for sustainable growth and inflation.
New Reserve Bank governor Philip Lowe kept a steady hand at the tiller using his first monthly board meeting to leave the cash rate at record low 1.5 per cent.
New Reserve Bank of Australia governor Philip Lowe has defended the central bank's monetary policy framework, telling a parliamentary committee "we are not 'inflation nutters'".
The Australian dollar is steady against the US dollar as investors await more local and international data, plus comments from the Reserve Bank of Australia Governor designate Philip Lowe.
National Australia Bank chief executive Andrew Thorburn will tell a parliamentary committee that his bank had to balance the needs of borrowers, savers, investors and shareholders when it decided not to pass on in full the Reserve Bank's latest rate cut.
The Reserve Bank of Australia has cut interest rates to an all-time low, but already economists are wondering if more will be needed to get the country's economy moving.
The Reserve Bank of Australia has held the official interest rate at a record low, but left the door wide open to a rate cut next month and perhaps even more.
Perth dwelling prices fell 1.7 per cent in the three months to March, while the average dwelling price across Australia's capital cities also fell for the first time in over three years.
Shoppers will no longer be slugged with excessive surcharges on credit card payments under new rules, but could face other fees as banks look to make up for lost revenue.
Vehicle sales in Western Australia appear to be reaching the end of a long tumble, with April sales this year down just 0.1 per cent on the same month in 2015.
Calls are mounting for a Reserve Bank of Australia interest rate cut tomorrow despite new figures pointing to a very favourable business environment for Australian firms.
Perth has had its deepest quarter of deflation since the 1991 ‘recession we had to have', with prices falling 0.6 per cent in the three months to March, driven by cooling house prices and cheaper fuel.
The Reserve Bank of Australia has put a positive spin on the local jobs outlook, but says another rate cut could be on the cards because of weak inflation.
To most people it seems inconceivable that a bank would pay its customers to borrow money, but that scenario was played out, albeit briefly, in Denmark last year, when homebuyers were on the winning side of negative interest rates.
Reserve Bank of Australia governor Glenn Stevens painted a mildly positive picture of the nation when he fronted a House of Representatives economics committee hearing today, saying the economy is growing at a modest pace despite the challenges of falling terms of trade and a wind-down in mining sector investment.
Western Australians are falling behind on their mortgage repayments at a higher rate than borrowers in any other state, according to new Reserve Bank of Australia data.
Bank bashing is an old sport usually practised by external critics, but 2016 could be the year when big banks discover that their greatest threat comes from within – something that should concern bank shareholders as much as employees.
Traditional businesses were slow to wake up to the threat posed by disrupters such as Uber and Airbnb, but they're now warned and should prepare for further assaults.
Wesfarmers chairman Michael Chaney has disagreed with Reserve Bank of Australia Governor Glenn Stevens' view that big companies have not reduced hurdle rates for investment decisions amid falling interest rates, in an address at this morning's Business News Success & Leadership breakfast.
