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The Latest Breaking News from Australia Reserve Bank

Stand by for interest rate cuts: the US is about to start, so expect Australia to follow

Just three weeks ago, Reserve Bank Governor Michele Bullock declared interest rate cuts unlikely in the next six months. But if there was any doubt about what’s going to happen to global interest rates, the US Federal Reserve chair Jerome Powell removed it on Saturday.

The Conversation

Australian dollar set to rise into 2025, experts say

With the US Federal Reserve now seen as likely to aggressively cut interest rates in 2024, the Australian dollar could reach 70 US cents.

AAP

Meet Andrew Hauser, the outsider from the UK who'll be deputy governor of the RBA

In a significant step towards reforming Australia’s Reserve Bank, Treasurer Jim Chalmers has stepped outside the bank and outside of Australia to select Andrew Hauser, a British economist, as its new deputy governor.

The Conversation

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Why further RBA interest rate hikes are less likely now than even 1 week ago

Since Australia’s Reserve Bank hiked interest rates two weeks ago, there have been two important developments – one in the United States and the other in the United Kingdom.

The Conversation

Soft landings, sticky inflation: a top economist on key challenges for Australia and the world

S&P Global’s chief economist Paul Gruenwald believes interest rates will stay elevated for some time

The Guardian - AU

The RBA has kept interest rates on hold. Here's why it'll be cautious from here on

The Reserve Bank decided to keep interest rates on hold at 4.1% because it thinks there’s a chance – just a chance – it has lifted them all it needs to.

The Conversation

It's time to add climate change and net-zero emissions to the RBA's top 3 economic goals

Increasingly, climate change is at the centre of government decision-making.

The Conversation

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Interest rates rise again as Reserve Bank lifts cash rate to 2.6%

RBA on Tuesday raised its cash rate 25 basis points as it seeks to stifle inflation

The Guardian - AU

A global recession looks increasingly likely – but here’s how Australia could escape it

If the US pushes up interest rates to the point where it’s about to bring on a recession, Australia would be well advised to stand back and not lift rates

The Guardian - AU

A global recession looks increasingly likely – but here's how Australia could escape it

Global stock markets are tanking on fears of recessions in the US, the UK and Europe, and the OECD is actually forecasting recessions in Europe.

The Conversation

Australia is investigating a digital currency, or e-dollar, but its benefits seem slight and the risks to privacy large

We are used to thinking of money as notes and coins, the kind most of us hold in our wallets. But most money – in Australia it’s 96.3% – is digital, held by financial institutions and moved around via bank transfers, debit cards and credit cards.

The Conversation

The RBA has lost some patience on rates, but it isn't rushing to push them up: here's why

It is coming up to 18 months since Australia’s Reserve Bank last cut its cash rate.

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