The Latest Breaking News from Reserve Bank

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The Reserve Bank of Australia is facing a major overhaul that would change how interest rates are set after a review into its future.

The long-awaited independent review of the Reserve Bank commissioned by Treasurer Jim Chalmers will be released on Thursday, with the treasurer already flagging in-principle agreement with all its recommendations.

The Reserve Bank reveals its decision to pause its aggressive interest-rate-hiking strategy was a close call, while again warning that more hikes might be needed to tame inflation.

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A major consulting firm forecasts a "consumer recession" in 2023, warning hundreds of thousands of Australian households are bleeding cash every month.

Every now and then, the Reserve Bank of Australia locks up a group of financial journalists and the ABC's Michael Janda is often one of them. He explains why this is good for reporters, and for you.

Australia's mining sector has generated windfall profits over the past two years, the result of dramatically higher prices for fossil fuel energy, but has it driven inflation?

In episode 2 of Raw Politics: Jacinda Ardern's final farewell from Parliament, the Reserve Bank's hawkish interest rate move and the gentle crackdown on lobbyists.

The local share market has snapped its eight-session winning streak but still managed a gain for the week. Here's how the day's events unfolded, with insights from our business reporters.

Mexican standoff: Desperate to hold onto their lending share in a declining property market, banks have ignored Reserve Bank pressure to raise mortgage interest rates. But the standoff must end. Brokers reckon the first of the banks will blink next week. You can see the whites of their eyes, writes Jonathan Milne.