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The Latest Breaking News from Michelle Bullock

RBA offers more rates call insight before jobs data

Critical unemployment figures will give Australia's central bank a clearer picture on whether it will deliver a second interest rate hike in as many months.

PM praises ‘very significant’ Indonesia security pact – as it happened

PM praises ‘very significant’ Indonesia security pact – as it happened

This blog is now closed

The Guardian - AU

Borrowed time: rate hike unlikely to be one-and-done

Borrowed time: rate hike unlikely to be one-and-done

Mortgage holders could face back-to-back rate hikes after the Reserve Bank raised interest rates amid rising inflation pressures.

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Pre-Christmas rate relief dashed after inflation spike

All four major banks predict mortgage holders will have to wait until 2026 for rate relief after a larger-than expected inflation rise.

Trump's tariff 'rollercoaster' raises recession risk

Donald Trump's trade war has clouded economic forecasts as Australia's central bank seeks to thread the needle to avoid the nation tipping into a recession.

Treasury estimated stage-three tax cut changes would add 0.1 percentage point to inflation

RBA hasn’t modelled whether Albanese government’s redistribution of tax cuts could add to inflation, but isn’t expected to adjust its forecasts

The Guardian - AU

Australia’s inflation rate eased to 4.9% in October, reducing likelihood of another rate rise

Consumer price index rose last month at an annual rate of 4.9%, which is lower than economists had forecast

The Guardian - AU

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RBA interest rates: Reserve Bank hikes cash rate by 25 basis points to 4.35%

RBA interest rates: Reserve Bank hikes cash rate by 25 basis points to 4.35%

Quarter-point increase to the cash rate will add roughly $100 to monthly repayments for a standard mortgage of about $600,000

The Guardian - AU

Auction jump ahead of expected Cup day rate hike

Auction jump ahead of expected Cup day rate hike

An expected rate hike on Melbourne Cup Day has impacted the number of homes going under the hammer, with clearance rates tipped to jump.

Australia appoints first female governor in central bank’s history

Australia appoints first female governor in central bank’s history

Michele Bullock will start her seven-year term as Reserve Bank of Australia governor this September

The Independent UK

Meet Michele Bullock, the RBA insider tasked with making the Reserve Bank more outward-looking as its next governor

Meet Michele Bullock, the RBA insider tasked with making the Reserve Bank more outward-looking as its next governor

Australia’s next Reserve Bank governor, Michele Bullock – the first woman in the job – will take office in September at a time when much of the bank’s work in fighting inflation will be done and its focus will be on changing the way it operates.

The Conversation

Mortgage holders should brace for short-term pain as RBA signals steady interest rate rises to tackle inflation

Mortgage holders should brace for short-term pain as RBA signals steady interest rate rises to tackle inflation

Philip Lowe says reserve bank looking for its ‘neutral rate’ which could see cash rate almost double in coming months

The Guardian - AU

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