News Articles for Philip Lowe

The Reserve Bank of Australia board is expected to lift the official cash rate to 1.35 per cent when it meets on Tuesday.

Consumer confidence has improved for a second consecutive week after a slump earlier in the month as a result of a large rise in interest rates.

Employment Minister Tony Burke denies the country is seeing a wage price spiral as policy makers seek to tackle inflation.

Reserve Bank governor Philip Lowe has warned of the damage inflation can inflict on the economy and why it needs to be brought under control.

The Reserve Bank of Australia has lifted the cash rate by 50 basis points, the largest single increase in more than 20 years.

It might be out of the incoming treasurer playbook, but Jim Chalmers says the budget is in bigger trouble than we've been told.

The cash rate could be expected to rise over time to 2.5 per cent, RBA governor Philip Lowe has said, while the central bank forecasts inflation could get worse before it gets better.

Households are in a strong enough position to handle a rise in interest rates, Josh Frydenberg says, as the RBA appears to be losing patience with inflation.

The Reserve Bank of Australia board has left the cash rate unchanged, but warns it will be monitoring inflation and wages figures in coming months.

The National Skills Commission says job advertisements on the internet rose by a further 3.6 per cent in February.

Consumer confidence has dropped to its lowest level since September 2020, undermined by persistent concerns over the inflation outlook.

A day after the announcement of Guy Debelle's resignation, Reserve Bank governor says there are strong internal candidates for the deputy governor role.

RBA governor Philip Lowe has told a business conference inflation could reach four per cent-plus as a result of the Ukraine war and the floods in Australia.

Lifting productivity growth looms as Australia's most immediate challenge this year, according to CEDA, which has singled out infrastructure and construction as sectors in need of shaping up.

The announcement that international borders will open this month and signs that the COVID-19 Omicron variant peak has passed has lifted consumers' spirits.

Reserve Bank governor Philip Lowe has warned federal politicians that raising the cash rate too soon could put expected lower unemployment at risk

The Reserve Bank of Australia will give a broad view of its outlook for the economy and interest rates when it releases its quarterly statement on monetary policy.

Australia's construction industry suffered a slump over December and January due to the impact of the Omicron variant, continuing the sector's volatile run over the past six months.

Scott Morrison wants to see the unemployment rate below four per cent in the second half of this year, but Employment Minister Stuart Robert says it could come sooner.

Australia's central bank will end its bond buying program but will have a slow approach to increasing interest rates from record low levels.

The Reserve Bank of Australia has left the cash rate unchanged at its final board meeting of the year and will reconvene in February.

Wages growth in Australia has returned to its pre-coronavirus pandemic level, but it is still way short of what the Reserve Bank wants to see.

A spike in the unemployment rate and renewed worries over the inflation outlook have put a dent in consumer confidence.

The Reserve Bank of Australia has left the cash rate at 0.1 per cent after its monthly board meeting, as widely anticipated by economists.

The Reserve Bank of Australia left the official cash rate at a record low 0.1 per cent following its monthly board meeting, as widely anticipated by economists.

Reserve Bank of Australia governor Philip Lowe says the coronavirus Delta variant outbreak has interrupted the economic recovery but not derailed it.

Analysis: Prices are growing faster in Perth than any other capital city. But should we be concerned?

Reserve Bank governor Philip Lowe expects the Australian economy will bounce back by year's end after suffering a contraction in the September quarter.

The Australian Bureau of Statistics is set to release its preliminary retail spending for June, which will take into account Victoria's previous lockdown.

Reserve Bank of Australia boss Philip Lowe wants the cash rate to be in a position to offer more fire power to tackle the next economic downturn.

Reserve Bank governor Philip Lowe is adamant interest rate hikes are unlikely to occur before 2024.

The Reserve Bank has left the cash rate unchanged at 0.1 per cent and does not expect to raise it before 2024, despite economists saying it could be sooner.

The RBA is expected to leave the cash rate at a record low at Tuesday's board meeting, but economists are looking for some change in its policy outlook.

Unemployment has fallen to the lowest level since 2013 in Western Australia, with employment of women well above pre-COVID levels.

Australia's banking watchdog has written to the nation's banks, warning there are signs of some increased risk-taking as homebuyers rush to secure loans in a heated housing market.

The Reserve Bank of Australia has left the cash rate unchanged at its monthly board meeting, reiterating that it is unlikely to rise until 2024 at the earliest.

The Australian economy may be growing at a solid clip with confidence at multi-year highs, but there are few signs people are willing to take on a loan outside of housing.

The minutes of the Reserve Bank's May board meeting have again highlighted the likelihood of keeping the cash rate at a record low until 2024.

The Reserve Bank has upgraded its economic forecast while reiterating that the cash rate will remain at a record low 0.1 per cent until 2024.

The minutes of the Reserve Bank's April board meeting have reiterated that the cash rate will stay at a record low 0.1 per cent until 2024.