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The Latest Breaking News from Michele Bullock

Rates cut but borrowers told not to bank on more relief

The cash rate has been cut to its lowest level in more than two years, as the Reserve Bank resisted the temptation to wrong-foot analysts twice in two months.

AAP

Hopes RBA won't repeat shock rates hold as board meets

The "Trumpification" of the US Federal Reserve provides an unsettling backdrop to the Reserve Bank's August meeting, where it is expected to cut interest rates.

AAP

The politics of falling inflation has been clear – lower is better. But Australia should beware its flip side: slow growth

There’s no convincing argument for the RBA not to cut interest rates on 12 August as economists say they are acting as a brake on the economy

The Guardian - AU

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Inflation slows again — but is it enough for the Reserve Bank to cut interest rates?

Inflation is moving in the right direction, but new figures released today may not be soft enough to trigger a cut in official interest rates in August.

The Conversation

Rate cut looms as inflation result brings RBA 'comfort'

The Reserve Bank should have "all the comfort it needs" to cut interest rates again in August after underlying inflation fell to a three-and-a-half year low.

AAP

Indebted homeowners cry out for relief but RBA won’t be rushed as key inflation data looms

Consumer price figures released on Wednesday will determine if millions of mortgaged Australians will get a rate cut next month, economists say

The Guardian - AU

Reserve Bank says unemployment rise was not a shock, inflation on track

Reserve Bank Governor Michele Bullock has fleshed out the central bank’s thinking behind its surprise decision to keep interest rates on hold this month.

The Conversation

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Aussie dollar hits eight-month high as shares slide

The Australian dollar has climbed above 66 US cents for the first time since early November, while the ASX200 closed 0.3 per cent lower.

AAP

RBA wary of cutting rates until it has more evidence on inflation, Bullock says

Governor defends cautious approach, saying price pressures have been brought under control without surge in unemployment

The Guardian - AU

RBA not swayed by jobless spike as next rate call looms

Reserve Bank governor Michelle Bullock has pushed back on rate cut expectations and weighed in on Donald Trump's pressure on Fed chair Jerome Powell.

AAP

The 'critical' data that could greenlight next rate cut

Economists await key quarterly data that could put the odds firmly in favour of an August interest rate cut, as the Reserve Bank sheds light on its shock hold.

AAP

Consumer win in card surcharge cut as business bristles

Scrapping surcharges could save Australians about $1.2 billion, but small businesses think they will have to foot the bill.

AAP

Slow rate of cuts puts squeeze on business, households

Businesses and mortgage-holders banking on a cut to interest rates will have to wait more than a month before the next opportunity for financial stimulus.

AAP

Afternoon Update: RBA’s surprise decision; how world reported mushroom verdict; and Valerie the dachshund’s new job

The decision came as a shock to financial markets and a large majority of experts who were sure the RBA board would cut interest rates for a second straight meeting

The Guardian - AU

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AAP

'Get on with it': next move key with rate cut baked in

With markets all but assured the Reserve Bank board will cut interest rates at its upcoming meeting, the bigger question for traders is what they say next.

AAP

Transparency boost: Reserve Bank homes in on key change

The Reserve Bank is likely to implement a key outstanding recommendation of a review into its operations, bringing it in line with international counterparts.

The Conversation

It took more than a century, but women are taking charge of Australia’s economy – here’s why it matters

For the first time in its 124-year history, Treasury will be led by a woman.

AAP

Businesses and consumers caught between opposing forces

Falling interest rates are not buoying the spirits of households and firms as fast as hoped, as global economic uncertainty keeps a lid on sentiment.

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The Guardian - AU

RBA ready to use rapid-fire rate cuts if Trump policies rattle Australia’s economy, minutes reveal

Reserve Bank vetoed a 50 basis point cut in cash rate last month, but is willing to take such action if global economy demands it

AAP

Warm weather, Cyclone Trump hit consumer recovery

Australia's economic momentum remains fragile with unseasonably warm weather and consumer concern contributing to weaker retail sales.

AAP

Weak business investment underlines productivity battle

Encouraging productivity-boosting investment, such as infrastructure connecting regions with capital cities, is needed amid a slowdown in capital expenditure.

AAP

Egg, housing costs might fry hopes of earlier rate cut

Headline inflation has held steady but came in hotter than economists expected in the year to April. Whether it's a blip or something else remains to be seen.

The Conversation

How should central banks respond to US tariffs? The RBA provides some clues

With the return of Donald Trump to the White House, the United States has signalled a return to aggressive tariff policies, upending economic forecasts around the world.

AAP

Restaurants on the brink as business failures plateau

Hospitality venues are feeling the pinch from high business costs and low spending, but lower interest rates should help ease the pain

AAP

Trump's tariff 'rollercoaster' raises recession risk

Donald Trump's trade war has clouded economic forecasts as Australia's central bank seeks to thread the needle to avoid the nation tipping into a recession.

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