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The Latest Breaking News from Michele Bullock

Splurging shoppers push economy over speed limit

The sharpest rise in household spending in 21 months suggests the economy is continuing to grow in strength, heightening Reserve Bank fears about inflation.

AAP

Australian economy crawls back into growth mode thanks to datacentre boom and household spending uptick

Analysts say national accounts figures show how far the economy has come, with annual GDP growth hitting 2.1% compared to 0.8% this time last year

The Guardian - AU

Chinese economic slowdown at top of RBA's mind

Slowing Chinese economic growth and persistently high inflation are "top of mind" for the Reserve Bank of Australia.

AAP

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AI could push up the RBA's neutral interest rate level

A Reserve Bank official says the neutral rate may have increased since the pandemic, which would limit how far rates could be cut without adding to inflation.

AAP

RBA reveals what would rule out more interest rate cuts

Barring a material rise in unemployment or weaker-than-expected economic growth, mortgage holders can just about give up hope for any more interest rate relief.

AAP

Economy heads for first major test since RBA rate hold

Australia's volatile unemployment rate is expected to tick back down to 4.4 per cent, which would add little urgency for the Reserve Bank to cut interest rates.

AAP

The RBA predicts inflation will rise faster than wages. Let’s hope it’s wrong

If the Reserve Bank is right, then by the end of 2027 the average wage will only have the same purchasing power as it did at the end of 2011

The Guardian - AU

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The worrying trend that could put an end to rate cuts

The rising cost of new homes and services such as takeaway meals were key to the Reserve Bank's inflation miss in September and could rule out future rate cuts.

AAP

The RBA governor resorts to sport cliches on interest rates while stretched Australians try to keep up with costs

We now know that the central bank doesn’t think inflation will be back in its 2 to 3% target range until 2027

The Guardian - AU

Afternoon Update: RBA keeps cash rate on hold; female jockey’s Melbourne Cup win; and the forgotten republic of Transnistria

Reserve Bank governor Michele Bullock says unexpected jumps in employment and inflation made the board ‘a little bit cautious’

The Guardian - AU

RBA keeps interest rates on hold, leaving borrowers looking further ahead for relief

As expected, the Reserve Bank of Australia (RBA) has kept the cash rate steady at 3.6%. Its board unanimously agreed it was better to “remain cautious” on interest rates.

The Conversation

Sticky inflation cruels chances of interest rate relief

Borrowers face the possibility of interest rates going up rather than down again after the Reserve Bank held steady following a spike in inflation.

AAP

Tapped out: cash advocates suss on mandate plan

The federal government's planned cash mandate will ensure an ongoing place for hard currency but cash advocates say its a step towards a tap-only society.

AAP

Inflation jumps to 3.2%, dashing hopes of a Melbourne Cup day rate cut for homeowners

The RBA has long anticipated a rebound in the headline inflation rate, driven by the rolling expiry of generous household power bill subsidies

The Guardian - AU

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AAP

RBA drops rates hint as Australia maintains AAA status

Reserve Bank governor Michele Bullock has responded to a surprise jump in unemployment as a credit agency gives Australia's finance a tick of approval.

The Guardian - AU

RBA governor dismisses jobs fears but hints at rates hold after inflation uptick

Michele Bullock plays down concerns about rising joblessness as economists pencil in February for next reduction in borrowing costs

AAP

Governor takes aim at tax barrier to economic mobility

The Reserve Bank has set its sights on one tax it says keeps owners of big homes from downsizing and people from relocating for better jobs and pay.

The Guardian - AU

Australia’s surprise unemployment spike suggests an economy not overheating but in need of stimulus

Last week’s announcement that unemployment reached 4.5% in September came as a shock to the RBA, which must have been either embarrassed – or ecstatic

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AAP

Bank heads to open up before 'urgent' rate cut talks

Surprising unemployment data has many expecting interest rates are in for another trim, with two key figures in that decision set to give their reaction.

AAP

Blow for borrowers as Reserve Bank curbs rate-cut hopes

Crucial economic data in coming weeks could determine when mortgage holders can expect more interest rate relief, the Reserve Bank board says.

AAP

Reserve Bank to lay out reasons for not cutting rates

Australia's central bank will reveal what went on behind closed doors when it decided to keep the cash rate on hold, while key job figures are due for release.

AAP

Shaving red tape, inflation key to economic growth

The economy is in a "good spot" but one sector is proving more stubborn than expected, the boss of the Reserve Bank says.

AAP

Consumer confidence survey to signpost spending outlook

Australian households have been steadily gaining in confidence and fresh sentiment surveys could signal further growth in spending.

The Guardian - AU

The RBA seems unlikely to do another rate cut – meaning they’re betting the economy is better than the data says

Michele Bullock doesn’t think our current cash rate is ‘very restrictive’. Do the figures back her up?

The Guardian - AU

The RBA dithers on its next interest rate cut – but it’s not the political flashpoint it once was

Despite signs of rising prices, economists believe the Reserve Bank’s choice is still when, not whether, to cut rates further

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