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The Latest Breaking News from RBA

Greens leader Adam Bandt flags party is likely to work with government on safeguard mechanism

Adam Bandt says the party is open to negotiating on the government's key climate change policy, but believes voters can see they are fighting to stop new coal and gas projects from being approved.

ABC News

Australia’s housing crisis: how RBA interest rate hikes are pushing families closer to the edge

While some property owners are cashing in on the crisis, many others, such as western Sydney’s Nick Noel, are struggling to explain to their kids why they must tighten the spending belt

The Guardian - AU

A ‘fantastic place to live’, Philip Lowe? Tell that to those struggling under high interest rates

RBA governor says ‘capitalism works’ but maybe just a little bit of slack from his institution is what the country needs

The Guardian - AU

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Afternoon Update: the electorates where it’s hardest to find a bulk-billing GP; Brisbane’s new Olympic arena; and Bruce Willis has dementia

New data reveals the extend of Medicare’s woes across the country

The Guardian - AU

The Lowe road – the RBA is treading a 'narrow path' between inflation and recession

It’s a tough time for central bankers the world over, but especially for Reserve Bank of Australia governor Philip Lowe.

The Conversation

The RBA’s ‘narrow path’ on inflation and interest rates: six things we learned from Philip Lowe

When the governor and colleagues faced the economics committee, rates were the focus – how high will they go, and will they stall the economy?

The Guardian - AU

RBA boss Philip Lowe says rate rises hurting households, indications are they will go higher

Reserve Bank governor Philip Lowe has given a strong indication more interest rate rises are on the cards despite nine back-to-back rises causing many households significant pain and leaving them struggling to make repayments on their mortgages.

ABC News

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RBA urges mortgage holders to hunt down better deals

Reserve Bank officials say record high rates of refinancing are keeping average home loan rates relatively low.

AAP

RBA governor faces second hearing, ASX sheds 0.8 per cent

The ASX200 drops 1.2 per cent over the week, and RBA governor Philip Lowe faces second hearing in Canberra

ABC News

RBA governor sticks to the script on future rate rises

Not spooked by an unexpected uptick in the headline jobless rate, the Reserve Bank has stuck with its hawkish stance on interest rates.

AAP

ACCC asking why banks are slow to lift interest rates on savings accounts

The landscape for Australian savings rates is changing fast as banks begin to relent after the RBA’s February interest rate hike.

The New Daily

Employment rates are ‘tracking sideways’, experts say, on January data

A New Year's rise in unemployment has sparked debate about whether cracks are appearing in the labour market.

The New Daily

Australia’s unemployment rate climbs to 3.7% in January, higher than economists expected

Succession of interest rate rises by the RBA trims jobs growth as unemployment jumps to its highest level since May 2022

The Guardian - AU

Unemployment rate jumps from 3.5 per cent to 3.7 per cent in January figures

Australia's unemployment rate increases over the summer break, lifting from 3.5 per cent to 3.7 per cent in January's figures.

ABC News

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Newcastle Herald

If parking in the city was fine, we wouldn't need tickets - or rangers

The council parking rangers are only doing their job. It is what they are paid to do.

The Guardian - AU

More light and less heat would be appreciated at Philip Lowe’s next grilling on Friday

Lost in the questioning from hostile senators was much insight into why the Reserve Bank wants to keep raising rates

The Guardian - AU

The RBA’s predictions are so dire it’s no wonder people are less confident than they were when the pandemic hit

To survive the next two years of economic growth as predicted without tipping into a recession would be astonishing

The New Daily

A lot of pain for inflation gains, RBA boss Philip Lowe tells Senate hearing

RBA boss Philip Lowe gave no clues about how many more mortgage bill hikes are coming in his first public remarks of 2023.

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The Guardian - AU

Philip Lowe has a good game face. If he has any doubts over his decisions, they aren’t showing

The RBA governor came to Senate estimates armed with messages he wanted to convey and an inclination to avoid all trapdoors

The Guardian - AU

Australia’s banks are not a source of economic dynamism but a drag on our economic and social welfare

The financial sector is not contributing as much to the national economy as it takes out

The Guardian - AU

How high will Lowe go? Five things we learned from RBA governor’s parliament appearance

Philip Lowe tells Senate estimates that interest rates must keep rising to tame ‘corrosive’ inflation – and he is not resigning

AAP

Strong bank profits a 'positive', says RBA boss

The Reserve Bank governor has defended robust profits made by banks and says higher rates will eventually start eroding their earnings.

The Guardian - AU

Philip Lowe says interest rate rises painful but for the best, predicting more to come

Inflation is dangerous, corrosive and hurts people, RBA governor tells Senate estimates

The New Daily

RBA boss reveals ‘disturbing’ letters from families as mortgage bills skyrocket

Reserve Bank boss Philip Lowe has revealed he's received a series of "disturbing" letters from families about their financial hardships.

ABC News

RBA boss Philip Lowe defends record bank profits as he flags further rate hikes

Philip Lowe says it is important in the long term to have "strong" banks that are turning a profit, even though it may be hard to hear for people in the grip of skyrocketing mortgage repayments.

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