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The Latest Breaking News from Michele Bullock

Michele Bullock: what you need to know about the RBA’s new governor

The Reserve Bank ‘lifer’ will succeed Philip Lowe in the top job. Who is Michele Bullock and what has been the reaction to her appointment?

The Guardian - AU

'Country girl' elevated to vital national economic role

The Reserve Bank of Australia will have a new governor from September in veteran central bank official Michelle Bullock.

AAP

Reserve Bank veteran Michele Bullock becomes first woman governor, replacing Philip Lowe

The government has appointed Michele Bullock the new governor of the Reserve Bank – the first woman to occupy the post.

The Conversation

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Michele Bullock named as new governor of the RBA and first woman to lead central bank

Bullock replaces current Reserve Bank of Australia chief Philip Lowe, whose term expires in September

The Guardian - AU

First woman to lead Reserve Bank as Lowe exit locked in

Philip Lowe will leave his post as head of the Reserve Bank, with Michele Bullock the first woman picked to lead Australia's central bank.

AAP

New findings show a direct causal relationship between unemployment and suicide

Studies using traditional statistical methods have long indicated a link between unemployment and suicide. But until now it has been unclear if this relationship is causal. That is, even though the suicide rate is higher among the unemployed, can we definitely say unemployment directly leads to suicide?

The Conversation

Who is in the race if Jim Chalmers decides to replace Philip Lowe as RBA governor?

From Canberra insiders to an outsider described as ‘borderline brilliant’, here are the runners and riders for the Reserve Bank’s top job

The Guardian - AU

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Why does the RBA want unemployment to go up? And what has it got to do with inflation?

The Reserve Bank deputy governor’s assessment that unemployment was ‘too low’ to tame inflation drew anger from unions. But was it correct?

The Guardian - AU

Reserve Bank says Newcastle labour market 'tight', but it may not last long

Deputy governor Michele Bullock told a Newcastle industry lunch that unemployment would rise to help control inflation.

Newcastle Herald

Michael Pascoe: Speech shows RBA clueless on employment

You can rely on the Reserve Bank to miss or downplay a major factor or two when it strays into what’s actually happening in Australia.

The New Daily

‘Per capita recession’: Banks forecast longer downturn as more interest rate rises loom

Australia facing a multi-year per capita recession and even a quarter of negative economic growth in early 2024 with higher interest rates.

The New Daily

RBA says jobs market too tight to control inflation

Australia has managed to engineer full employment but the extreme competition for workers risks keeping inflation higher for longer.

AAP

RBA urges mortgage holders to hunt down better deals

Reserve Bank officials say record high rates of refinancing are keeping average home loan rates relatively low.

AAP

Michael Pascoe: Once more for the dummies – we need higher wages

Inflation is more than double the headline wages growth – wages are lagging, not leading, Michael Pascoe writes.

The New Daily

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AAP

Handouts would have fuelled inflation: RBA

A Reserve Bank senior official has fielded questions about Labor's budget, its undershot inflation forecasts and its 2024 forecast for interest rate rises.

ABC News

Reserve Bank of Australia rejects 'scorched earth' policy to tame inflation with faster interest rate rises

The Reserve Bank of Australia will not hesitate to raise interest rates "quite quickly" if there are signs inflation is getting too far out of control, its deputy governor says.

The Guardian - AU

Greens claim treasurer ‘dodged’ housing scheme question – as it happened

This blog is now closed

AAP

Energy prices top of mind for RBA

The second in command at the Reserve Bank says soaring energy prices could throw out its forecast and drive inflation even higher.

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ABC News

How does the RBA set interest rates each month? Why was this month's decision a close call?

The Reserve Bank reveals its recent decision to slow down interest rate increases was "finely balanced" and explains the process by which it arrives at its monthly decisions.

ABC News

RBA deputy governor Michele Bullock says outlook for global economy is 'quite worrying'

RBA deputy governor Michelle Bullock warns of risks in the global economy, but says the RBA's ability to create money helped Australia's economy through the pandemic

The Guardian - AU

Reserve Bank of Australia reports loss of $37bn and plans to cut dividends to Treasury

Central bank in negative equity after 2021-22 loss, a review of its pandemic bond-buying program has found

AAP

RBA dividend not expected for years

The central bank has defended its $281 billion bond-buying program but says it has had serious consequences for its balance sheet.

The Guardian - AU

Why is the Reserve Bank of Australia exploring digital currency options?

The RBA is looking into the idea of a central bank digital currency as cryptocurrencies continue to gain popularity

The New Daily

Alan Kohler: The Reserve Bank is a renovator’s delight

The most controversial task of the panel reviewing the Reserve Bank will be to decide whether Governor Philip Lowe committed a sackable offence.

The Canberra Times

RBA confident households can withstand more interest rate rises

A senior RBA official is confident households can withstand more rate rises but flagged concerns over high debt levels.

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