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The Latest Breaking News from the Reserve Bank

The RBA and its critics claim Australia’s economy needs to be slowed down. But the data shows both are wrong

Treasurer Jim Chalmers is right to argue the economy is already slow enough

The Guardian - AU

Australian shares higher as gold hits record high

The ASX200 has finished higher, with losses for CSL and Seek and gains for Temple & Webster and goldminers.

AAP

Grattan on Friday: Albanese government has a lot of housework ahead of voters’ property inspection

The Albanese government might be likened to the harried house-husband struggling with untidy rooms, dog hairs on the carpet, and piles of clothes in or waiting for the washing machine.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Commonwealth Bank still predicts interest rate cut in 2024 as RBA defends keeping cash rate on hold

Reserve Bank’s chief economist says it is ‘difficult’ to hear the stories of those who ‘are struggling’

The Guardian - AU

The RBA says don’t expect interest rate cuts for 6 months. Here’s why it could be sooner

Days ago, at the start of last week, there was talk of a Reserve Bank rate hike.

The Conversation

Rates likely on hold with Reserve Bank coy on next move

The August interest rate meeting will dominate the week's economic agenda, with the Reserve Bank tipped to leave rates unchanged.

AAP

Australia’s 3.8% inflation rate is concerning, but not enough to trigger a rate rise

After falling for five consecutive quarters to less than half of its 7.8% peak, inflation climbed slightly in the June quarter, from 3.6% to 3.8% for the year to June.

The Conversation

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Why the RBA is highly unlikely to lift interest rates next week, even as inflation climbs

The inflation figure due to be released today is different than most. It’s focusing the minds of politicians as well as economists.

The Conversation

Almost 1 in 6 of the world’s banknotes feature wildlife – and they’re not always the creatures you’d expect

Banknotes and coins help shape our national identity. The images they display emphasise historical events, prominent personalities, or scientific, industrial and technological advances. Sometimes they highlight biodiversity, including distinctive plants and wildlife.

The Conversation

Mortgage stress rose in June with 1m Australian households ‘extremely at risk’, report says

RoyMorgan report says stage-three tax cuts should ease burden unless jobs market falters or Reserve Bank raises interest rates again

The Guardian - AU

Australian shares dip amid tech sector sell-off

The ASX200 has fallen 0.3 per cent with the small tech sector suffering its worst loss since April after a similar sell-off in the US.

AAP

Australian workers’ living standards have been destroyed – and there is little good news ahead

While interest rates may have peaked, the labour market is fragile and the economy is set to slow even further

The Guardian - AU

Low inflation targeting is such a dubious idea. Why did the Reserve Bank adopt it in the first place?

As we struggle with higher interest rates and unemployment, this is the price we have to pay to restore the ‘credibility’ of the RBA

The Guardian - AU

Will digital currencies become the norm as the world moves towards a cashless society?

More than 90% of the world’s central banks are looking at introducing a central bank digital currency (CBDC), to complement existing banknotes.

The Conversation

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news in one place.

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The Conversation

Cheaper mortgages, tamed inflation and even higher home prices: how 29 forecasters see Australia’s economic recovery in 2024-25

Australia’s top economic forecasters expect the Reserve Bank to start cutting interest rates by March next year, taking 0.35 points of its cash rate by June.

AAP

Albanese links new energy plan to cost-of-living crisis

Cost-of-living support in the form of tax cuts and higher pay for minimum-wage workers are among changes to come into effect in the new financial year.

The Conversation

Australia’s inflation rate jumps to 4%, putting an RBA rate rise back on the agenda

A key measure of inflation has jumped, climbing to 4% in May after edging up from a recent low of 3.4% in February.

The Guardian - AU

Australia’s inflation rises to 4%, stoking concern interest rates could increase again

The consumer price index increased to its highest level in 2024, indicating the Reserve Bank is unlikely to cut interest rates soon

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AAP

Inflation gauge to offer cold comfort for borrowers

May consumer price data gives the Reserve Bank another glimpse of how interest rate levels are working to bring inflation to heel.

The Conversation

Please stop obsessing over words. It’s quite simple: the RBA thinks inflation is too high

These days every word of every statement from the Reserve Bank Governor Michele Bullock is pored over in minute detail – as is every word uttered at her press conference after each Reserve Bank board meeting.

AAP

Inflation-wary Reserve Bank spells long wait for cuts

Stalling progress on inflation has the central bank on high alert as political sparring continues over the impact of state and federal budgets on prices.

The Guardian - AU

Treasurer touts ‘responsible’ 2024 NSW budget in tough economic times – but others will make that call

Rating agencies and the RBA among those marking the treasurer’s handiwork which he says is focused on spending restraint

AAP

Australian shares finish lower as RBA decides on rates

The ASX200 has fallen 0.3 per cent, with losses for uranium producers and gains for goldminers, as investors await the outcome of the RBA's two-day meeting.

AAP

'Barely growing': economy limping as rate pain builds

The economy is still expanding - but only just - after households opened the purse strings for concerts and other one-off events in the March quarter.

The Guardian - AU

Minimum wage workers in Australia to get a 3.75% pay rise over the next 12 months

Fair Work Commission lifts minimum wage to $24.10 an hour from July, with the rise outpacing the government’s forecast inflation rate

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