Climate change complicates RBA’s job, new governor says
The incoming head of Australia's central bank says climate change presents an acute source of uncertainty for managing the economy and setting interest rates.
The incoming head of Australia's central bank says climate change presents an acute source of uncertainty for managing the economy and setting interest rates.
The task of returning inflation to target is going according to plan, but the head of the Reserve Bank says it could still be thrown off course.
The head of the Reserve Bank has encouraged customers to make banks work harder for their money by shopping around.
The perception that interest rates are at or close to their peak is likely spurring more home buyers to enter the market, helping to push up property prices.
The task of returning inflation to target is going according to plan, but the head of the Reserve Bank says it could still be thrown off course.
The Reserve Bank has kept the cash rate on hold for a second month in a move that has some experts speculating the hiking cycle might be over.
The Reserve Bank says the economy can avoid a recession as inflation falls and unemployment rises, but there are a number of risks.
The US central bank has raised interest rates by a quarter of a percentage point, saying inflation in the country remains elevated.
Borrowers will welcome a break from interest rate hikes as Australia's central bank opts to keep the official cash rate steady at 4.1 per cent.
The Reserve Bank has kept interest rates steady with light appearing at the end of the tunnel for mortgage holders in the fight against inflation.
The Reserve Bank hiked interest rates last month due to inflation risks bubbling under the surface, but it has been revealed the decision was "finely balanced".
RBA governor Philip Lowe says the lowest-paid workers need to be insulated from high inflation but a surge in wages across the board could be a problem.
The battle against inflation is not over yet as the Reserve Bank board hikes again and takes the cash rate to its highest level since April 2012.
A recession is still unlikely, the treasurer asserts despite fears the Reserve Bank's aggressive interest rate hikes could tip the economy over the edge.
Australia's central bank has lifted interest rates again after taking a break from increases last month and has kept more tightening in play if needed.
The Reserve Bank's decision to fire off another interest rate hike has some worried the economy might get hammered too hard.
The RBA's reviewers have called for greater independence for the central bank but say the government will still be able to step in if the board goes rogue.
As the Albanese government seeks to enact the recommendations of a review of the Reserve Bank, the coalition has queried two new appointments.
Former workplace umpire Iain Ross and corporate director Elana Rubin have been appointed to the board of the Reserve Bank of Australia.
The Reserve Bank of Australia has delivered welcome interest rate relief to mortgage holders and kept the cash rate on hold.
Confidence among those paying off a home loan has taken another hit in the lead-up to another cash rate call that could add more to their monthly repayments.
After delivering 10 interest rate rises in a row, the Reserve Bank could put further increases on hold to gauge the impact on soaring inflation.
The Reserve Bank of Australia has lifted interest rates again but toned down its language, opening the door to a pause or only one more rise.
Australia has reported another trade surplus ahead of the RBA's March cash rate decision, which is broadly expected to result in another hike.
Many Australians are facing a "painful squeeze" from the cost of living and rising interest rates, but the Reserve Bank is confident it's doing the right thing.
The Reserve Bank's hike in the cash rate to 3.35 per cent and indication of further rises has many concerned about the impact on jobs and the economy.
The Reserve Bank of Australia has announced a 25 basis point rise in the cash rate, taking it to 3.35 per cent - the highest since September 2012.
The federal government and the central bank want to foster competition in payment technologies to help drive down the cost of transactions.
The Reserve Bank has increased interest rates by another 25 basis points, locking in more mortgage pain for Australians over summer.
The Reserve Bank is prepared to do whatever is necessary to ensure the spike in inflation is only temporary and doesn't linger.
Mortgage holders are likely to endure more rate hikes but the central bank board wants to give its policy tightening a chance to flow through the economy.