With inflation at 4.9%, will the RBA hold fire on interest rates? Australia’s inflation rate has dived from 5.6% to 4.9% in October, pushing it below 5% for the first time in 20 months.
The ‘blockbuster’ review of the RBA by Jim Chalmers and what it means for its future Chalmers offered in-principle agreement to all 51 of the panel’s recommendations and said he would be seeking support from the Opposition for any legislation needed to implement them.
Is the economy set to nosedive? Five takeaways from the RBA’s latest growth forecasts The RBA's latest growth forecasts make for grim reading, especially after lifting interest rates for a record nine times in a row.
With inflation at 7.8%, another interest rate rise in February is all but guaranteed Interest rates are almost certain to rise again in February, after the latest Consumer Price Index (CPI) figures showing inflation hit 7.8% in 2022 – its highest rate in 33 years.
The RBA was slow to cut interest rates pre-COVID, and it may have cost 270,000 jobs Research found that between 2016 and 2019 the RBA dramatically under-performed in achieving its two key goals of full employment and price stability.
Why the Reserve Bank is still not rushing to put up interest rates If the bank doesn’t like what it sees on inflation and wage costs over the coming few months, it’ll jack up rates for the first time in a decade.
The Reserve Bank deputy governor job is vacant. Here are five questions for the candidates So you can try your monetary mettle at home, here’s what a formal interview for the deputy governor role might look like, complete with suggested answers so you can test yourself.
Guy Debelle leaves RBA for Twiggy’s green fund, leaving the race for Lowe’s successor wide open The move came as a surprise given that, as deputy, Guy Debelle was long seen as the heir apparent to Reserve Bank governor Philip Lowe, whose term expires in September next year.
How RBA governor Philip Lowe expects Australia’s economy to progress in 2022 Reserve Bank governor Philip Lowe has painted an optimistic picture of where the Australian economy is heading after a turbulent 2021.
The Reserve Bank abandons yield curve control, signals the end of ultra-cheap money The RBA is abandoning its policy of “yield curve control”, meaning it will no longer defend any particular interest rate for borrowing over any particular duration.
From Cairns to Tamworth and Bendigo, which Australian destinations will be hardest hit without international tourism? With Australia's borders likely to remain closed until at least mid-2021, which local destinations will benefit without international tourism?
Despite the RBA’s efforts, lending to SMEs has gone backwards: Here’s why The RBA has been talking up its low-cost Term Funding Facility... but small business loans have actually gone backwards.
