Posts tagged "reserve bank"

The review of the Reserve Bank wants to know what happens if monetary policy can't fix inflation caused by factors like climate change.

Australia’s economy is now more than 5% bigger than it was before COVID-19, a better performance than most comparable economies.

The Reserve Bank of Australia has declared it will increase the cash rate target for a fifth time by 50 basis points to 2.35%, following its monthly meeting this afternoon.

Australia’s consumer price index is about to go monthly, meaning Australia will join most of the developed world in getting an update on inflation at the end of every month, instead of once every three months as at present.

Australia’s top economists are divided about how to tackle ballooning inflation of 6.1% that’s forecast to climb to a three-decade high of 7.75% by the end of the year.

Low-income Australians can't do a thing about inflation, but they'll have to wear the cost of dealing with it.

If the Productivity Commission really wants to link productivity to higher wages, it should look at the market power of corporations, says Bernard Keane.

Why did the Reserve Bank just hike its cash rate by an out-sized 0.50 percentage points for the third consecutive month, taking it to 1.85%? Partly because it knows what is to come.

The composition of the RBA board is to be considered in the review now underway. Should it be more representative, or left to the experts?

With the US facing a recession and interest rates rising globally to curb inflation, Australia is facing a tumultuous economic period.

The Australian Bureau of Statistics says the economy added some 88,400 jobs over June, while the number of unemployed people fell by 54,300.

As long as the RBA continues to hike interest rates, mortgage payments will rise. We take a look at which areas of the country are most affected.