The Latest Breaking News from RBA

Sharp interest rate hikes are putting families under pressure, slowing economic growth, but a tourism rebound is providing recession optimism.

Australia has recovered better than most from the COVID pandemic. As measured by gross domestic product (GDP), the economy is now 7% larger than it was before the pandemic.

Fears of a recession in early-2023 are set to be eased on Wednesday as experts prepare for robust economic growth.

A government-ordered review of the Reserve Bank — the first in more than a generation — is expected to ask searching questions of our key financial institution. The leadership of the central bank, the composition of its board, missed targets and broken promises are all elements under examination.

While the banks have been quick to pass on RBA’s every cash rate increase, they have not matched all the decreases since June 2019

Increasing profits going to corporate Australia account for more than two-thirds of the nation's inflation problem, according to new research from the Australia Institute.

New analysis challenges the narrative that workers need to accept sluggish wage growth to tame inflation and says business profits are driving higher prices.

Australia Institute warns of a ‘profit price spiral’ and calls for shift in RBA and government narrative towards corporations

The RBA tells us the pain is only temporary and for the best, but it could be here for a while. Here’s why