Reserve Bank of Australia

ANALYSIS: Philip Lowe says changes proposed in the RBA review will have a "marginal" impact on the economy, but crucially, the panel has reaffirmed the bank's inflation target.

Mark Pownall and Mark Beyer discuss The Perth Mint, the Reserve Bank of Australia review, Town of Cambridge, Essential Metals, and possible changes to the federal petroleum tax.

The costs of school and medical services in Perth have almost tripled over the past 20 years, as analysis by Business News reveals where households have been hit hardest by inflation.

Just In: The RBA has signalled further rate hikes could still be ahead as it lifted the official cash rate to 3.85 per cent.

Senior journalist Matt Mckenzie and Jack McGinn talk about the RBA's decision and the rising cost of living.

Jim Chalmers says the high inflation environment is the main challenge facing the economy and his budget will reflect these price pressures.

The RBA expects growth to ease by more than earlier predictions as cost of living pressures and higher interest rates weigh on disposable incomes.

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.

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

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

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

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.

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

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

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

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.

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.

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

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.

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

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.

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

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

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.

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

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 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.

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 cash rate at 4.1 per cent for a fourth consecutive month, in a widely expected move which marks its first under new leadership.

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

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.

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.

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

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.

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.

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

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

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

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 following its second board meeting of the year, its third consecutive pause in the current cycle.

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

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

A surprise uptick in Australia’s inflation rate has lifted the chances the Reserve Bank of Australia will increase interest rates again as it struggles to stifle price pressure.

The Reserve Bank of Australia has kept the cash rate its July level, 4.35 per cent, foregoing a rate increase amid global market uncertainty.

The Reserve Bank’s decision to keep rates steady will not have a material impact on the housing market, according to CoreLogic.

Australian Treasurer Jim Chalmers says he has “the utmost respect” for the independence of the Reserve Bank, while again blaming its policy for slow economic growth.

Australia recorded another month of strong jobs growth in August, with the data reducing the prospect of interest rate cuts in the next few months.

The Reserve Bank of Australia has opted to hold the cash rate steady at 4.35 per cent, leaving it unchanged since November 2023.

The nation’s inflation rate has eased to 2.7 per cent in August, its lowest reading in two and a half years, according to fresh figures form the Australian Bureau of Statistics.

Surcharges charged on debit card purchases by merchants could be banned under a review of payment systems, announced today.

Annual inflation has returned to within the Reserve Bank’s target band for the first time since 2021, but experts say energy and rent assistance measures were hiding the true figure.

Australia has recorded another month of solid employment growth, reinforcing the expectation of no interest rate cuts until mid 2025, though WA has bucked the positive jobs trend.

Australia’s annual inflation held steady at 2.1 per cent for October, remaining at its lowest since mid-2021.

The Reserve Bank of Australia has held the cash rate steady at 4.35 per cent as expected but economists have noted a shift in the board's tone.

Treasurer Jim Chalmers has appointed a former banking executive and an economics professor to the Reserve Bank board, following a six-month review into monetary policy setting.

The heat’s building over interest rates as Australia leads all comers in the race no-one wants to win.

Our weekly appointments wrap includes Ryan Hall, Jo Gaines, Elena Limnios, Warren Hallam, Marnie Baker, Renee Fry-McKibbin, Cate Brooks and Ross Donaldson.

Australia's trimmed mean inflation fell to 3.2 per cent in November, but jobs figures suggesting a tightening of the labour market have dashed hopes of a February rate cut.

Australia’s consumer price index rose 0.2 per cent in the December quarter, buoying expectations the Reserve Bank of Australia could cut rates in February.

Consumer confidence dropped to its lowest point this year, according to new Roy Morgan data, as Australia waits on the Reserve Bank’s pivotal rates decision, due later today.

The Reserve Bank of Australia has cut the cash rate for the first time since November 2020, but governor Michele Bullock has warned the inflation fight isn’t over.

Australia’s consumer price index – a key measure of inflation – held steady at 2.5 per cent over January.

Headline inflation dropped to 2.4 per cent in February ahead of next week’s rate cut call.

Corporate regulators have called on the local bourse to put the “highest priority” on resolving the underlying issues that led to a settlement system failure in 2024.

Word on the street is that the RBA will keep interest rates on hold at tomorrow’s meeting, but another cut could be on the cards in late May.

The cash rate remains at 4.1 per cent following the Reserve Bank’s latest policy meeting.

ANALYSIS: Business News recaps a week’s worth of ABS data and looks at where the economy is headed next.

The Reserve Bank delivered a 25-basis-point cut as predicted, but analysts warn the window for further easing may be narrowing.

Westpac has forecast an interest rate cut by the Reserve Bank of Australia in July rather than August, but added this may not be the “shoo-in” everyone’s expecting.

New data on property prices has shown the highest growth since September last year.

Despite cost-of-living being a key issue on most Australian’s minds, new data from the Australian Bureau of Statistics indicates confidence in the economy.

The Reserve Bank of Australia has kept the cash rate unchanged at 3.85 per cent, shocking markets which predicted a 90 per cent chance of a 25 basis point cut.

Australia’s unemployment rate rose to 4.3 per cent in June, the highest since 2021, fuelling expectations the Reserve Bank will cut rates next month.

Australia’s inflation eased to 2.1 per cent in the June quarter, bolstering expectations the Reserve Bank will cut interest rates at its August meeting.

Australia's cash rate has been cut for the third time this year, down a further 25 basis points, after inflation fell to its lowest annual rate in four years last month.