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The Latest Breaking News from Philip Lowe

Treasurer responds after budget attack by ex-RBA head

Former Reserve Bank governor Phillip Lowe has described Labor's latest federal budget as a "redistribution agenda".

AAP

Despite denials, there are signs the RBA does consider house prices in setting rates

As households are squeezed by the cost-of-living crisis, central bank governors such as Jerome Powell in the United States and Michele Bullock in Australia are coming under repeated fire from politicians, pundits and households.

The Conversation

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.

AAP

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Grattan on Friday: frustrated government can only bite its tongue as it waits on Michele Bullock

As she reads the economic commentators, Reserve Bank Governor Michele Bullock might, in moments of doubt, wonder whether she’s making a similar misjudgement to her predecessor Philip Lowe.

The Conversation

The Reserve Bank will now have a separate board just to set interest rates. Here’s why that’s significant

On Thursday night, after a whirlwind day in Canberra, the Senate finally passed the federal government’s long-delayed amendments to the Reserve Bank Act.

The Conversation

WiseTech shares surge after CEO stands down – as it happened

This blog is now closed

The Guardian - AU

RBA’s Michele Bullock sticks to narrow path as she plots course to a soft landing

The central bank’s governor warned Australians will get sick of her repeating that she won’t rule anything in or out as she tries to tame inflation

The Guardian - AU

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Bracket creep is cooling Australia’s economy – it’s good news for interest rates but not for household budgets

The weak economy probably means the next RBA rates move – short of an inflation surprise next month – will be a cut

The Guardian - AU

RBA’s top two executives saw 10% pay increase over past year, report reveals

Annual report notes Philip Lowe and Michele Bullock’s remuneration increase was recommended by an independent committee

The Guardian - AU

Reserve Bank of Australia records $6b loss for 2022/23

The Reserve Bank of Australia has reported a loss of $6 billion for 2022/23, including valuation losses from higher bond yields.

AAP

The Albanese government blew its shot at setting a historic new unemployment target

Treasurer Jim Chalmers says the federal government’s employment white paper is “ambitious”. I’m not convinced.

The Conversation

No, the RBA review won't mean handing the bank's decisions to part-time outsiders

Misinformation is circulating about recommendations concerning the Reserve Bank board made by the RBA Review, of which I was a member.

The Conversation

Jim Chalmers warns soft landing ‘not assured’ for economy despite Treasury forecasts

Exclusive: Treasurer expects ‘bumpy’ year ahead as Australia feels the squeeze of higher interest rates and China’s slowdown

The Guardian - AU

Outgoing RBA governor Philip Lowe says tough decisions made him ‘very unpopular’

At a speech in Sydney, Philip Lowe has said some of his economic explanations ‘missed the mark’ but that media should avoid ‘clickbait’

The Guardian - AU

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The Guardian - AU

The RBA’s interest rate-rising looks done – and a soft landing for the economy could be on

Australia’s economy might be just where Philip Lowe wants it – barring any nasty surprise – as he hands over to Michele Bullock

The Conversation

What's to stop Philip Lowe moving to a private bank after he leaves the RBA? It's what his predecessors did

Surely Reserve Bank Governor Philip Lowe won’t move to a private bank after his term as governor ends next week.

The Guardian - AU

RBA interest rates: official cash rate left unchanged by Reserve Bank of Australia at 4.1% for a third month

The final rates decision under outgoing RBA governor Philip Lowe was widely expected

The Guardian - AU

No interest rates rises predicted for Philip Lowe’s final RBA board meeting

Economists say interest rate pause likely for about a year as ABS releases weaker-than-expected economic data

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The Guardian - AU

RBA says slowing economy and acute pressure on household budgets behind interest rate pause

Minutes from the Reserve Bank’s August meeting show the board considered lifting the cash rate to 4.35% but decided to allow more time to look at economic data

The Guardian - AU

Philip Lowe’s final inquisition leaves out some tough questions

More scrutiny of the outgoing RBA governor’s views on interest rates, profit-gouging and rent controls would have been welcome at his final appearance before parliament

The Guardian - AU

PM won’t make journalist’s release a condition of trip – as it happened

This blog is now closed.

The Canberra Times

Households buckle under pressure, retail sales plunge to three-decade low

First annual fall in retail sales volumes since 1991, except for pandemic.

The Guardian - AU

RBA interest rates: Australian borrowers given reprieve as Reserve Bank pauses again

The RBA has left the official cash rate on hold at 4.1%, the highest level since 2012, in line with investors’ expectations

The Guardian - AU

Australia’s falling inflation means interest rates have peaked? Don’t bank on it

Yes, consumer price growth has been on the skids since December and was only 5.4% for month of June. But beware inflationary clouds on the horizon

Newcastle Herald

Lowe's interest rate missteps were costly ones for many Australians

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