The Latest Breaking News from RBA

There are signs next week's national accounts will show the economy was barely growing in the first three months of the year.

Government subsidies such as first home buyer grants and HomeBuilder have boosted demand for homes and helped push up house prices, with "pervasive" impacts on housing outcomes for some Australians, according to the Reserve Bank.

I suspect Anthony Albanese will be a better PM than he was Opposition Leader – his talents more suited to making things work than tearing things down.

The RBA's assistant governor for economics Luci Ellis has refused to predict how high interest rates may rise, but reiterated more increases are to come.

The U.S. stock market rebounded yesterday after talks around a possible easing of import tariffs on Chinese . However, investors remain concerned about multi-decade high inflation and the possibility of economic contraction. This is expected to keep the markets volatile in the near term. So, we think that amid the…

Businesses are battling rising costs, while their customers' purse strings are tightening. Tackling this situation will be the new government's great task, and there's only so much it can do to control some broad economic pressures.

Analysts say election of Albanese government will not ‘shift the dial’ on economic forecasts

New federal treasurer Jim Chalmers says motorists are being punished at the bowser again, but won't promise to retain the fuel excise cut beyond September.

Whichever party takes the reins of power at Australia's election on Saturday faces an economic road pitted with pot holes, from runaway inflation to rising interest rates, ballooning debt and an over-heated housing market.

The unemployment rate remained at 3.9 per cent in April after the Australian Bureau of Statistics downwardly revised the March result from four per cent.

Australian households are suffering the worst cost-of-living squeeze in more than two decades, with real wages falling at the fastest pace since 2001.