The Latest Breaking News from Reserve Bank of Australia

The Reserve Bank of Australia cut the official interest rate for the second time this year, as it lowered forecasts for Australian economic growth and pointed to increasing uncertainty in the world economy.

This week, Trump’s auto and reciprocal tariffs are set to rattle the global markets as sentiment soured amid recession fears. Key economic data, including inflation readings from the eurozone, employment change from the US, and Reserve Bank of Australia’s interest rate decisions, will be in focus.

The economy might be slowing but the Reserve Bank chief wants inflation to moderate further before opening the door to interest rate cuts.

Australia's inflation rate has clocked its first annual increase in 18 months but borrowers can breath easy as it was unlikely to trigger another rate hike.

A June interest rate meeting comes as the federal government defends its budget management in an economy facing slow growth and persistent inflation.

The Reserve Bank of Australia is expected to hold interest rates at 4.35 per cent and keep its options open on its next move.

No change in the official cash rate is expected this week, with the Reserve Bank's reaction to a stronger inflation print the main point of interest.

The Reserve Bank of Australia (RBA) has issued a warning about rising inflation rates, causing the market to push out expectations for future rate cuts.

The job of bringing inflation under control isn't finished, although consumer price growth does not need to be back within target before rate cuts start.