The Latest Breaking News from RBA

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

Wages growth again misses Reserve Bank and economist forecasts, as workers experience their biggest decline in real purchasing power on record.

Wages have grown by 3.3 per cent, with weaker-than-expected reading likely to dampen concerns of a wages breakout keeping inflation sticky.

Cherish Kuehlmann woken up by officers who ‘barged into the house’ and took her to a police station, where she was charged with a trespass offence

Economists are warning Australia is at a heightened risk of recession in 2023 as the Reserve Bank keeps aggressively raising interest rates, with a per capita recession looking likely.

US president promises more weapons for Kyiv; Guardian Essential poll shows voters think RBA is wrong on rates but also blame Albanese; another earthquake in Turkey