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The Latest Breaking News from Phil Lowe

Deloitte joins RBA in tipping 4.5% Australian jobless rate thanks to slow consumer spending

Slowdown in consumer is finally flowing through to Australia’s jobs market, according to the latest forecasts from Deloitte Access Economics

The Guardian - AU

Underlying inflation has slipped below 6%, but is the slide enough to stop the RBA pushing up rates further?

Australia’s inflation rate has fallen for the second consecutive quarter.

The Conversation

'I have a mountain of respect' for Lowe: Treasurer

Treasurer Jim Chalmers is unable to say if inflation can come back down without a rise in unemployment but declined to comment on the RBA's July rate decision.

AAP

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Why was Philip Lowe not reappointed as RBA governor? We can rule out interest rates as a reason

Lowe made three key mistakes – targeting house prices before the pandemic, misleading about future rate rises and ignoring cultural problems within the RBA

The Guardian - AU

Meet Michele Bullock, the RBA insider tasked with making the Reserve Bank more outward-looking as its next governor

Australia’s next Reserve Bank governor, Michele Bullock – the first woman in the job – will take office in September at a time when much of the bank’s work in fighting inflation will be done and its focus will be on changing the way it operates.

The Conversation

Michael Pascoe: In defence of the RBA (no, seriously)

The RBA and whoever happens to be in government right now want unemployment up above 4 per cent to 4.25 or 4.5 per cent.

The New Daily

Michael Pascoe: No, the wage case shouldn’t panic the RBA

The FWC doesn’t want to turn the current rate of wage increases into something that will scare Phil Lowe & Co.

The New Daily

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Remco Evenepoel heads home from Giro d'Italia after positive COVID-19 test

Soudal-QuickStep's 'no risk' approach prioritises health and containing the spread of the virus

Cycling News

Eyewitness: Remco Evenepoel's dog day afternoon at the Giro d'Italia

'Two crashes is a lot in three weeks. Two in one day is already too many'

Cycling News

Reserve Bank set for biggest overhaul in decades after review calls for more external leaders

The Reserve Bank is set for its biggest overhaul in decades, with a review into the central bank finding it needs major changes to ensure it is "fit for the future".

ABC News

‘Relief’ for home owners as RBA pauses rates for first time in 10 meetings

The Reserve Bank has hit the pause button on its record breaking run of interest rates hikes in April, delivering relief to home owners.

The New Daily

Word from The Hill: Defence review goes to government; Dutton's apology for boycotting Sorry; Phil Lowe under fire

As well as her interviews with politicians and experts, Politics with Michelle Grattan includes “Word from The Hill”, where she discusses the news with members of The Conversation’s politics team.

The Conversation

Woodside office defaced in protest over alleged destruction of First Nations rock art – as it happened

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The Guardian - AU

Grattan on Friday: Australians are starting to feel the economic pain, but they are not taking it out on Albanese

Anthony Albanese heads towards Christmas with inflation, interest rates and power prices all high. But, comfortingly for Labor, his own popularity is up there too.

The Conversation

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The Conversation

Grattan on Friday: Can Jim Chalmers become a reforming treasurer?

Jim Chalmers’ long term ambition is similar to that of most treasurers. He wants to be prime minister. More immediately, he aspires to be a reformer, which has become harder in today’s electorate, with its low tolerance for pain.

The Guardian - AU

Mortgage holders should brace for short-term pain as RBA signals steady interest rate rises to tackle inflation

Philip Lowe says reserve bank looking for its ‘neutral rate’ which could see cash rate almost double in coming months

The Guardian - AU

Jim Chalmers says inflation will go higher, but unions are right to push for higher wages

Treasurer says it is ‘uncontroversial’ for unions to note that wage rises are below inflation, and suggests there may be a place for workers’ representative on RBA board

The Guardian - AU

Will the RBA lift the cash rate this week to counter inflation – or wait until after the election?

Analysis: The Reserve Bank of Australia finds itself in a strategic and political bind. Credibility is at stake

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The Guardian - AU

Scott Morrison says defence force ‘not available on a moment’s notice’ to respond to disaster – as it happened

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Annastacia Palaszczuk

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