The Latest Breaking News from Christopher Kent

Global group backs cuts, rate rises to curb inflation

Australia's inflation rate will peak higher than previously forecast, as surging oil costs cause consumer prices to increase, a Paris-based policy body says.

AAP · Mar 25

RBA ready to shift up a gear as the neutral rate rises

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.

AAP · Mar 25

'Guarded references': Door opening to rate cuts

The Reserve Bank of Australia remains 'vigilant to upside risks to inflation' but has stepped through a number of scenarios allowing it to cut interest rates.

AAP · Nov 18, 2024

Michael Pascoe: RBA has already made the case for stopping its rate rises

The Reserve Bank board minutes released on March 21 made a show of officially agreeing “to reconsider the case for a pause at the following meeting,

The New Daily · Mar 30, 2023

RBA urges calm as markets extend losses after Credit Suisse bailout

Australian markets have plunged again as the bailout of European banking giant Credit Suisse rattles confidence in the global bank system.

The New Daily · Mar 20, 2023

Mortgage pain looms with ‘sizeable jump’ in costs as fixed-rate loans end

Much of the mortgage pain driven by interest rate hikes has yet to be felt by households, with about half of the impact still set to flow.

The New Daily · Mar 20, 2023

RBA says it’s harder to break the bank in Australia

Reserve Bank assistant governor Christopher Kent says Australian banks are on a firm footing despite strained conditions in global financial markets.

The New Daily · Mar 20, 2023

RBA says Australian banks strong despite global turmoil

Reserve Bank assistant governor Christopher Kent says Australian banks are on a firm footing despite strained conditions in global financial markets.

AAP · Mar 20, 2023

More cushioning from rate hikes than normal: RBA

A senior Reserve Bank official says the prevalence of fixed-rate loans and sizeable savings buffers are likely extending the lag time of interest rate hikes.

AAP · Mar 19, 2023

Australian banks ‘unquestionably strong’ despite global uncertainty in sector, RBA says

Assistant governor of the Reserve Bank says local banks are protected by strong balance sheets despite ‘strained’ conditions overseas

The Guardian - AU · Mar 19, 2023