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The Latest Breaking News from Michele Bullock

RBA changes do nothing for ordinary households. Labor must do more than tinker

Labor continues to fiddle with the margins of the economy rather than use the power of government to deliver reform.

Crikey

Reserve Bank declares war on facts, along with the economy

The RBA governor continues to shoehorn basic economic facts into her narrow neoliberal worldview — at our expense.

Crikey

Michele Bullock’s ‘wild ride’ at the RBA could spell trouble for Labor if interest rate cuts aren’t on the way

Growth has slowed but employment is up – could the new year bring mortgage repayment relief?

The Guardian - AU

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Hopes for a future rate cut improve but RBA leaves interest rates on hold for now

Reserve Bank leaves cash rate at 4.35% for ninth consecutive meeting

The Guardian - AU

Grattan on Friday: frustrated government can only bite its tongue as it waits on Michele Bullock

As she reads the economic commentators, Reserve Bank Governor Michele Bullock might, in moments of doubt, wonder whether she’s making a similar misjudgement to her predecessor Philip Lowe.

The Conversation

Top bank chief reveals why rates are still on hold

Australia's top central banker reveals why she still hasn't pulled the trigger on interest rate cuts despite similar countries already taking action.

AAP

Economists look to RBA minutes for clue on future rates

Public appearances by Reserve Bank officials will be scoured for clues to where interest rates might be heading next and how they view the economy.

AAP

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Does Trump’s US victory mean Albanese will lose the next Australian election?

The countries share a 4.1% unemployment rate. What other clues might indicate the political fate of Australia?

The Guardian - AU

Jobs market in focus as investors chew Trump triumph

Donald Trump's return is having no immediate impact on central bank inflation outlooks but domestic jobs figures could change the calculus for the RBA.

AAP

Grattan on Friday: Donald Trump’s win will make 2025 even more challenging for Anthony Albanese

Early Wednesday evening, Queensland Nationals senator Matt Canavan raced down the Parliament House stairs to collect a bag of McDonald’s from an Uber. To celebrate Trump’s victory, he called out as he ran.

The Conversation

How will Donald Trump’s victory affect Australia’s economy? Here are some clues

The biggest uncertainty – for shares, inflation and rates – is whether the president-elect acts on promises such as hefty tariffs, and how soon

The Guardian - AU

No change to RBA forecasts after Trump election

The re-election of Donald Trump as US president could have "adverse implications" for the Australian economy but it has not changed the RBA's view on inflation.

AAP

The RBA goes xenophobic in its quest for excuses

The RBA under Bullock doesn’t just look out of touch. It looks desperate.

Crikey

America votes: The day is here

The day has finally come. Americans are at the polls deciding if Donald Trump will get his second go at running the country, or if Kamala Harris will put the nail in his final run for office.

Crikey

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The Guardian - AU

Anthony Albanese needs interest rates to fall – if they don’t, his reelection chances certainly will

The prime minister needs lower rates and Australians to believe the worst of the cost-of-living crisis is over

The Guardian - AU

Bullock is sending a message to politicians: rate cuts or big spending promises – you can only have one

The Reserve Bank governor’s comments show she’s in no hurry to bring relief to borrowers

The Guardian - AU

Reserve Bank leaves interest rates on hold as Michele Bullock ducks questions on rate cut timing

RBA’s decision to leave cash rate unchanged comes as underlying inflation remains above bank’s target range

The Guardian - AU

Watt confirms Labor considering releasing sealed section of robodebt report – as it happened

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AAP

RBA resists taking a punt on Melbourne Cup day rate cut

The Reserve Bank has not gambled on a Melbourne Cup rate reduction, with punters left to ponder whether borrowers will receive a windfall before Christmas.

AAP

RBA tipped to keep rates steady for 12th straight month

Interest rates have been kept on hold for almost a year and are broadly expected to stay there until cuts start in early 2025, provided inflation keeps easing.

Crikey

Trump says he’ll protect women ‘whether they like it or not’

Trump reportedly told a rally his advisers had told him to stop using the line as it was ‘inappropriate’. And more economic data is being released this morning ahead of the RBA’s interest rates decision next week.

The Guardian - AU

The RBA will likely hold interest rates – but are its calculations at risk of being overtaken by US election chaos?

The first polls will be opening in the US not long after the RBA’s board meeting wraps up next Tuesday

The Guardian - AU

WiseTech shares surge after CEO stands down – as it happened

This blog is now closed

AAP

Spring brings brighter outlook as rate hike fears fade

As signs of improving consumer and business confidence emerge, economists are speculating the Reserve Bank might be shifting its thinking on interest rates.

AAP

RBA minutes to paint picture behind interest rate call

More information on why the Reserve Bank chose to leave interest rates on hold for the seventh meeting in a row will be released on Tuesday.

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