Posts tagged "reserve bank"

While the Australian economy is currently powering along, the International Monetary Fund has confirmed that 2023 is going to be a return to business as usual for Australia — pre-pandemic business, that is.

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.

At a cost of about $3 billion, cutting 22 cents in tax from every litre of petrol for six months will disproportionately help wealthy households.

The inflation we’ve got this time is different, and failing to recognise that misreads the Reserve Bank's rationale for pushing up rates, and what it is likely to do.

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.

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.

Philip Lowe’s speech on inflation yesterday was drafted well ahead of Scott Morrison’s comments about how the Coalition would keep interest rates lower than Labor.

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.

The Reserve Bank has left the cash rate unchanged as expected after its monthly board meeting for November took place today.

The RBA thinks we're heading for the same rut of low wages growth as before the pandemic. That leaves workers behind and unlikely to catch up for a long time.

Australia is out of step with other advanced economies as inflation jumps, leaving the Reserve Bank's preferred measures wanting.

A big inflation number is expected tomorrow — right as Australia's growth is about to vanish. It's a dose of something we haven't seen much of since the 1970s.