The Latest Breaking News from RBA

Are we in a recession? No. But cripes, we may as well be

The RBA governor is reminding everyone that her mandate covers not just inflation, but also full employment

Interest rates could go higher again if inflation proves stickier than expected or moves higher, the head of the Reserve Bank of Australia says.

Fair Work Commission lifts minimum wage to $24.10 an hour from July, with the rise outpacing the government’s forecast inflation rate

It’s worth remembering the RBA’s 2% to 3% inflation target is an arbitrary goal. Do we really need to hit households again with higher rates?

The ASX200 finished down 1.3 per cent after official statistics revealed a slight uptick in annual inflation, reducing the odds of a rate cut in 2024.

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Housing remains one of Australia’s most pressing issues in both state and federal politics. The RBA keeping rates up and high mortgage repayments have left many Australians struggling. For those Australians who don’t own a home, it’s becoming increasingly hard to get into the housing market.

The minutes from the last Reserve Bank meeting will outline the thinking behind keeping rates on hold and how seriously the case to hike was considered.

Jobless rate increases from a revised 3.9% in March but it’s a mixed picture with employers adding 38,500 jobs overall

It is impossible for wages to drive inflation when they are actually rising slower than inflation