The Latest Breaking News from Michele Bullock

Minutes of the November meeting show the RBA board believed the risk of inflation continuing above target was too high to keep rates on hold

Public appearances from senior Reserve Bank officials should shed some light on the future outlook for interest rates as the tightening cycle nears its end.

No homeowner under the age of 55 has had to cope with interest rates rising like this

RBA governor Michele Bullock’s debut rate rise as governor looks unlikely to be repeated next month

Australia just became the odd one out.

Australia’s central bank has lifted its benchmark interest rate for the first time since June with a quarter percentage point hike that brought the cash rate to a 12-year high of 4.35%

The issue of ‘consumer expectations’ of inflation is hotly debated by economists, and might be a key factor in the Reserve Bank’s decision

All the day’s news as it unfolded

Stubbornly high inflation has raised the chances of a November interest rate increase by the central bank, putting more financial pressure on borrowers.

Jim Chalmers – as if he doesn’t have enough on his plate – is marching into the centre of energy policy.

Each of Australia’s big four banks is now predicting a rate rise in six days’ time on Melbourne Cup Tuesday. It would add another A$77 to the monthly cost of servicing a $500,000 mortgage and be enough to take the total extra monthly impost since rates began climbing to more…