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The Latest Breaking News from Philip Lowe

Australian central bank leaves its benchmark cash rate at 4.1% but warns there may be further hikes

Australia’s central bank has left its benchmark interest rate at 4.1% after inflation fell to 5.6% in May from 6.5% a month earlier

The Independent UK

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

RBA interest rates: banks split on future rate hikes as uncertain economic outlook prompts pause

Homeowners with a mortgage will be breathing a sigh of relief after RBA paused rate rising at Tuesday’s board meeting

The Guardian - AU

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‘Significant increase’ in share houses as Australians struggle with rental crisis

Hundreds of Australians are competing for spots in share houses as the rent crisis bites, new figures indicate.

The New Daily

Afternoon Update: Titan sub oxygen could run out tonight; Australia issues Twitter warning; and ABC ratings tank

The Titan sub could run out of oxygen tonight and Australia issues a warning to Twitter amid rise in online hate

The Guardian - AU

‘Big call’ on RBA governor to be made in July

The next governor of Australia's central bank will be announced in July, Treasurer Jim Chalmers says, amid mounting speculation.

The New Daily

Strong job numbers could mean more rate rises for Australia. Here’s why a recession isn’t a certainty

Reserve Bank appears determined to raise interest rates at least once more, even if Australia’s economy is slowing

The Guardian - AU

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Australia’s supermarket duopoly didn’t start the inflation crisis, but it is making it worse

Market concentration is allowing companies to reap record profits while workers and their families struggle to get by

The Guardian - AU

Don’t blame workers for falling productivity – we’re not the ones holding it back

Suddenly Australians are being told we need increase productivity if we want our wages to merely keep up with inflation.

The New Daily

Michael Pascoe: In defence of the RBA (no, seriously)

The RBA and whoever happens to be in government right now want unemployment up above 4 per cent to 4.25 or 4.5 per cent.

The New Daily

Don't blame workers for falling productivity – we're not the ones holding it back

Suddenly Australians are being told we need to produce more if we want our wages to merely keep up with inflation.

The Conversation

Madonna King: Listen up Albo, the Voice coming out of the suburbs is all about the cost of living

The impacts of cost of living on voters should give our economic decision makers pause, and with good reason, writes Madonna King.

The New Daily

Inflation, unemployment, interest rate hikes: is it any wonder Australia’s misery index is rising?

Alleviate supermarket blues by performing a funky dance in the canned veg section

The Guardian - AU

Australia’s productivity plunge: why is the Reserve Bank concerned and should we panic?

Philip Lowe cited ‘subdued’ productivity growth when the RBA lifted rates for a 12th time to try to tame inflation. Here’s why it matters

The Guardian - AU

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The Conversation

Grattan on Friday: Labor caught in pincer movement of fighting inflation and delivering to its constituency

During the election campaign Anthony Albanese repeated, endlessly, that everything was going up except people’s wages.

The Guardian - AU

As migrants, we were sold a home and an Australian dream of financial security. Now we feel cheated

The Reserve Bank lifts interest rates each month and Philip Lowe tells our family to slash spending. But what’s left to cut

The Guardian - AU

Australia in ‘retail recession’ as inflation and rate hikes hit spending, says report

With a 0.6% slump in turnover in the March quarter expected to continue, Deloitte forecasts a broader ‘consumer recesssion’ later this year

The New Daily

Economy slows to a crawl as consumers cut spending

Australia’s economy is slowing rapidly as families slash spending and raid their savings to deal with the cost of living crisis.

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The Conversation

Going down: the 6 graphs that show Australia's economic growth shrinking

The latest national accounts tell us Australia’s economy grew by just 0.2% in the three months to March.

The Guardian - AU

Afternoon Update: Lowe says struggling Australians could work more; Fraser Island renamed K’gari; and the origins of masturbation

RBA governor warns against idea that all workers’ wages should rise in line with inflation

The New Daily

Inflation-beating pay rises can’t be widespread: RBA

RBA governor Philip Lowe says the lowest-paid workers need to be insulated from high inflation but a surge in wages across the board could be a problem.

The Guardian - AU

Struggling Australians can cut back spending or work more to get into ‘positive cash flow’, Philip Lowe says

The Reserve Bank governor says rates will keep being lifted if necessary, despite ‘significant financial pressure’ for some

The New Daily

Growth report likely to reveal an economy losing steam

Economic activity is expected to slacken further as higher interest rates and gloomy global conditions persist. The national accounts for the March

The Guardian - AU

Morning Mail: military ‘will be stronger’ for war crimes inquiry, Ukraine dam disaster, Harry in the stand

Defence chief says Brereton report will, in time, reap ‘positive effect’, Ukraine faces ecological crisis after dam collapse, Prince Harry takes to the witness stand

The New Daily

Michael Pascoe: Is the RBA acting out of spite or just lost the plot?

Passing without notice in April, the Reserve Bank pulled a neat little trick, apparently making multiple billions of dollars in losses “disappear”. I’ve

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