The Latest Breaking News from Michele Bullock

No talk of hikes, no cut on the horizon: why RBA thinks it’s in the ‘right spot’ with interest rates

There was good news and bad news as Australia’s central bank held the interest rate steady for the seventh time in a row

The Guardian - AU · Sep 24, 2024

No RBA rate cut yet, but Governor Bullock is about to find the pressure overwhelming

Who’d want to be Reserve Bank Governor Michele Bullock? On Tuesday she had to do the almost impossible: defend a decision not to cut interest rates at a time when they were being cut in just about every other major industrial nation.

The Conversation · Sep 24, 2024

No cuts in ‘near term’ as RBA leaves Australia’s official interest rate unchanged at 4.35%

RBA decision was in line with economists’ forecasts as economy endures persistent inflationary pressures

The Guardian - AU · Sep 24, 2024

Treasurer distances himself from his former boss’ Reserve Bank attack

Treasurer Jim Chalmers has distanced himself from the strident attack his one-time boss Wayne Swan launched on the Reserve Bank, which the former treasurer accused of “putting economic dogma over rational decision-making”.

The Conversation · Sep 8, 2024

Treasurer backs inflation target, despite rates risk

Jim Chalmers has acknowledged there's tension between fiscal and monetary policy, but argues the government and the central bank have the same objective.

AAP · Sep 8, 2024

Despite all the doom and gloom on Australia’s economy, could the worst be behind us?

We hear about the ‘weakest growth in decades’ and being ‘smashed’ by the RBA, but positive tidings abound – if you want to look for them

The Guardian - AU · Sep 7, 2024

Landlord's market as property investor lending swells

Lending to investors continues to lead the charge and outpace home loans taken out by owner-occupiers.

AAP · Sep 5, 2024

No interest rate cut in the near term and you may have to sell your house: key takeaways from RBA governor’s speech

Selling would be bad news for struggling homeowners, but Michele Bullock likely thinks a long period of high inflation would be worse

The Guardian - AU · Sep 5, 2024

Severe weather warnings for parts of NSW and Victoria – as it happened

This blog is now closed

The Guardian - AU · Sep 4, 2024

Fading economy yet to unlock rate cuts for watchful RBA

The economy might be slowing but the Reserve Bank chief wants inflation to moderate further before opening the door to interest rate cuts.

AAP · Sep 4, 2024