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The Latest Breaking News from Michele Bullock

We now know the Reserve Bank has trashed the economy — and for what?

The Reserve Bank was reckless and incompetent when it lifted interest rates back in November, the latest economic data shows.

Crikey

Strained attempts to shoehorn Taylor Swift references in politics and media — a list

‘But surely, Crikey, you’re doing exactly the same thing?’ Damn right.

Crikey

There’s high inflation in insurance. Now there’s high profits too. Coincidence, Michele?

Two of Australia’s biggest insurers have revealed big rises in profits and dividends. What was that about profiteering?

Crikey

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Australia's jobless rate hits two-year high

Fresh labour data is unlikely to shift the dial for the central bank despite the jobs market slowdown appearing a little ahead of schedule.

AAP

RBA says productivity, conflicts cloud inflation path

The job of bringing inflation under control isn't finished, although consumer price growth does not need to be back within target before rate cuts start.

AAP

The RBA says it’s still worried about inflation, but few believe this will mean higher interest rates

Instead of claiming demand factors are the main reason for inflation, the spotlight should be on companies’ pricing decisions

The Guardian - AU

Michele Bullock is a one-note governor with a one-track mind

Is there a new era at the Reserve Bank? No, it remains as obsessed with inflation as ever, to the cost of ordinary Australians.

Crikey

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Morning Mail: Closing the Gap failing, no immunity for Trump, homelessness deaths ‘unacceptable’

Fundamental reform needed if scheme is to be succeed, says scathing report; former US president loses appeal on right to avoid prosecution

The Guardian - AU

Thrifty December cures sales-fuelled debt hangover

Many shoppers racked up credit card bills during the November sales but the damage could have been worse given acute financial pressures.

AAP

Thought we were on track for a rate cut? For now, the RBA says it’s time to come back to earth

RBA governor Michele Bullock wants to make Australian inflation is truly under control before releasing the handbrake on interest rates

The Guardian - AU

Rates probably on hold but all eyes on RBA governor

More interest rate hikes are broadly off the table but the Reserve Bank governor is likely to keep her options open in a big week of public appearances.

AAP

Partying like it’s 1978: Inflation and its discontents dominated 2023

Falling inflation around the world has shown just how out of touch the Reserve Bank and many commentators are with how modern economies function.

Crikey

RBA boss hopeful for better year following hard 2023

Higher interest rates and cost of living pressures are hurting households and businesses, with the central bank governor acknowledging it's been a hard year.

AAP

Reserve Bank wants to keep 'broad coverage' of ATMs

Reserve Bank governor Michele Bullock says cash use is sliding and putting pressure on the business models that underpin access to notes and coins.

AAP

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The Guardian - AU

Pre-emptive disaster declarations for Cairns and Townsville – as it happened

This blog is now closed.

AAP

New commissioner picked to run tax office

The federal government has filled two pivotal economic roles at the tax office and Reserve Bank of Australia.

The Conversation

Will the RBA raise rates again? Unless prices surge over summer, it's looking less likely

If you’re looking for clues about whether the Reserve Bank has any interest rate rises left, Governor Michele Bullock offered several in her statement after Tuesday’s board meeting, saying:

Crikey

Lifting the productivity of health workers and economists — a comparative study

How do you measure the productivity of economists? At least in healthcare, we know one guaranteed way of improving performance.

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Crikey

Shocking news on inflation: Labor’s policies are actually, well, working

On inflation and wages, Labor promised policies to make things better. Turns out, they actually worked. That won’t stop greedy businesses, though.

Crikey

Michele Bullock’s ‘dentists and haircuts’ inflation claim comes back to bite her

The RBA governor is a pain in the mouth, say Crikey readers, and perhaps next time she’ll think before she puts her foot in it.

Crikey

Expecting RBA sense on monetary policy is like pulling teeth

If any pain should be felt, it should be by companies running monopolies on goods and services that jack up their prices whenever they feel like it.

The Guardian - AU

Jim Chalmers appoints outsider and former Bank of England executive director as deputy RBA governor

Rare appointment of outsider Andrew Hauser to senior position comes after review found bank should encourage ‘diverse viewpoints’

Crikey

Dave Sharma’s back in the political saddle

Dave Sharma is back in politics after winning preselection for the NSW Senate seat vacated by Marise Payne, and Australia needs 480,000 tradies over the next three years and the building industry says they should be brought in from overseas.

Crikey

Get your teeth into Michele Bullock’s puritan lifestyle tips — if you’ve got any left

The puritan Reserve Bank governor says Australians are spending too much on dining out, recreation, haircuts and going to the dentist.

AAP

Australian shares sink after hawkish talk from RBA boss

The local share market closed down 0.6 per cent to hit its lowest level in a week following a speech by RBA governor Michelle Bullock.

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