Cafes, hotels take swipe at $1.6b consumer card fee win
The RBA has binned surcharge fees on debit and credit card transactions, which it says will save punters $1.6 billion - if businesses pass on the savings.
The RBA has binned surcharge fees on debit and credit card transactions, which it says will save punters $1.6 billion - if businesses pass on the savings.
Central bank watchers will get to peak into the Reserve Bank board room as minutes of a meeting that split 5-4 in favour of an interest rate hike are released.
Australia's central bank must abandon its narrow path and choose between getting inflation down quickly or keeping unemployment low, economists say.
The Iran war will hurt consumers by pushing up prices and slowing the economy but the Reserve Bank must act to contain inflation expectations, an official says.
Construction contractors are already hiking prices due to rising fuel costs, in a sign the US-Israeli war in Iran is contributing to economy-wide inflation.
February consumer price data to be released on Wednesday will shape the Reserve Bank's thinking on interest rates ahead of a crucial meeting in May.
Spillover from the Iran war and an uptick in risky lending to first-home buyers could threaten Australia's financial stability, the Reserve Bank warns.
Fresh modelling shows oil price shocks and soaring prices for other commodities will have a lasting impact on Australia's economy.
The Middle East conflict could prompt the Aussie dollar to plummet and the Reserve Bank to hike interest rates to 15-year highs in 2026, analysts say.
Traders and economists widely expect the Reserve Bank to lift interest rates but uncertainty over the Iran war could convince the board to keep them on hold.
Domestic pressures were behind the Reserve Bank's decision to hike interest rates, governor Michele Bullock says, although the Iran war will worsen inflation.
Households are being warned to brace for a second interest rate rise in as many months as three big banks react to comments from a top Reserve Bank official.
The battle to tame inflation has been thrown into more uncertainty by conflict in Iran and the Middle East, the Reserve Bank governor says.
Minutes from the Reserve Bank's latest meeting reveal the thinking behind its call to lift interest rates for the first in more than two years.
Opposition MPs have grilled Reserve Bank officials over whether government spending and monetary policy errors contributed to the first rate hike in two years.
Fresh data will reveal whether the strong momentum in private spending, which spurred the Reserve Bank to lift interest rates, has continued into 2026.
Two incorrect assumptions have set the Reserve Bank on track for a costly U-turn on interest rates, with borrowers facing steeper repayments on their mortgages.
Mortgage holders could face back-to-back rate hikes after the Reserve Bank raised interest rates amid rising inflation pressures.
Spending blow-outs by the government will force the Reserve Bank to hike rates, critics say, but the treasurer argues the private sector is driving inflation.
US President Donald Trump says he'll nominate former Federal Reserve governor Kevin Warsh to be the next Fed chair.
The Reserve Bank is widely tipped to become the first major central bank on Tuesday to U-turn from rate cuts to rate hikes in the post-COVID inflation era.
Traders now tip a greater-than-50 per cent chance of an interest rate hike in February, but some pundits are holding out hope for a Reserve Bank reprieve.
The Trump administration's criminal investigation of Fed chair Jerome Powell has triggered a backlash that threatens to undermine the White House's goals.
Australia's labour market remains tight, with limited spare capacity keeping pressure on already-high inflation and shortening the odds of interest rate hikes.
Fed chair Jerome Powell has the backing of fellow central bankers from Europe to Australia after the Trump administration threatened him with criminal charges.
A deterioration in the job market could spare Australian borrowers interest rate hikes in 2026, an economist says.
Fed chair Jerome Powell says the Department of Justice has served the central bank with subpoenas and threatened indictment over his testimony on renovations.
A fresh survey of Australian consumer sentiment doesn't make for encouraging reading as the central bank weighs lifting the cash rate at its next meeting.
The average mortgage-holder's repayments could soon jump an extra $90 a month, with another Reserve Bank interest rate hike on the cards as early as February.
The US central bank has reduced its key interest rate for the third time in a row but signalled that it may leave rates unchanged in the coming months.
The official cash rate is expected to remain on hold when the Reserve Bank decides on interest rates for the last time in 2025.