The Latest Breaking News from the Reserve Bank

Australia’s economy remains resilient as global growth slows to its worst performance in more than two decades

The Reserve Bank’s quarterly statement on monetary policy predicts that the underlying inflation rate will end the year at 4%

Central bank raises cash rate by 25 basis points to 3.85% in defiance of most economists’ predictions

The Reserve Bank has resumed heaping pain onto Australian home owners, raising interest rates in May for the eleventh time in a year.

Experts are split on whether the Reserve Bank will return to hiking interest rates at its May meeting this week.

n a move that runs counter to history and convention, the Greens will seek changes that would see interest rates capped and rents frozen.

Former prime minister Paul Keating says it would be an error for the Parliament to remove a power that allows the government to overrule the Reserve Bank's actions.

High prices are hurting renters and low-income households

Australia’s inflation rate has fallen from its 30-year high of 7.8% in the December quarter of 2022 to 7.0% in the March quarter of 2023. But it’s still likely the Reserve Bank of Australia will push up interest rates again before the end of the year to drive inflation back…