The Latest Breaking News from the Reserve Bank

Annual inflation rose to a 16-month high of 3.8% in October, adding to pressure on the government as it seeks to make savings across the public sector.

Inflation data will dominate the domestic economic dashboard, while the UK budget and New Zealand rate cuts are on the agenda abroad.

New data show wages have risen by a bit more than inflation, but overall real wages are still languishing near 2011 levels.

A new “complete” monthly consumer price index (CPI) will be released next week, and will become Australia’s primary measure of inflation.

Barring a material rise in unemployment or weaker-than-expected economic growth, mortgage holders can just about give up hope for any more interest rate relief.

A shock fall in unemployment has wrong-footed analysts and dashed hopes of further interest rate cuts as the treasurer talks up Australia's economic strength.

The Australian economy's spare capacity will be key to deciding how many times the Reserve Bank can cut interest rates, a senior official says.

Public spending can drive inflation, but from healthcare to education, Australians expect more and better public services – and Labor provided

Mortgage holders were smashed by the fastest interest rate hiking cycle in decades post-pandemic, but a study has found it did little to dampen spending.

Smaller lenders like SBS Bank say they’re wooing customers away from the Australian-owned banks, offering mortgage rates as low as 3.99 percent while the big banks drag their feet. The Reserve Bank began cutting the official cash rate 15 months ago, but analysts say the big high street banks haven’t…

If the Reserve Bank is right, then by the end of 2027 the average wage will only have the same purchasing power as it did at the end of 2011