The Latest Breaking News from Michele Bullock

The treasurer has sung the praises of the government's long-awaited roundtable after hours of discussions on productivity, trade and technology.

The unemployment rate slid to 4.2 per cent in July, partly because of an unwinding from an earlier, outsized jump, the Australian Bureau of Statistics reports.

Strong annual growth in wages will be noted by the Reserve Bank as it collates data leading up to its next decision on whether to cut interest rates.

The prospect of lower rates is good news, but Michele Bullock’s vision for the future appears blurrier

The Reserve Bank of Australia lowered the official interest rate by 25 basis points to 3.60% at its meeting today, marking the third cut this year. The move follows reductions in February and May, and comes after a pause in July that surprised analysts and upset mortgage holders.

The Reserve Bank of Australia has delivered a pessimistic assessment of Australia's productivity potential, ahead of the government's economic roundtable.

RBA also warns of ‘persistently’ lower productivity growth than previously expected as it reveals interest rate decision

The cash rate has been cut to its lowest level in more than two years, as the Reserve Bank resisted the temptation to wrong-foot analysts twice in two months.

The "Trumpification" of the US Federal Reserve provides an unsettling backdrop to the Reserve Bank's August meeting, where it is expected to cut interest rates.

There’s no convincing argument for the RBA not to cut interest rates on 12 August as economists say they are acting as a brake on the economy

Inflation is moving in the right direction, but new figures released today may not be soft enough to trigger a cut in official interest rates in August.