Early use of yield target a success: RBA Reserve Bank governor Philip Lowe says the initial use of a bond yield target to keep funding costs low during the pandemic was a success. AAP · Jun 21, 2022
Reserve Bank governor says inflation is rising, but he doesn't see a recession on the horizon The RBA admits it suffered "reputational damage" when it tried to wind back its COVID-19 pandemic stimulus program. ABC News · Jun 21, 2022
RBA warns of damage from rising inflation Reserve Bank governor Philip Lowe has warned of the damage inflation can inflict on the economy and why it needs to be brought under control. AAP · Jun 21, 2022
ASX rebounds as Reserve Bank admits it suffered 'reputational damage', bitcoin recovers above $US21,000 The Australian share market rebounds, after plummeting for seven straight days into correction territory, while cryptocurrency investors remains on edge after its recent meltdown. ABC News · Jun 20, 2022
Where did the RBA find evidence of wage growth? The Reserve Bank of Australia is facing a federal government review, and we found one good reason for it: Wages growth data has come from a source that an expert called not "statistically valid". ABC News · Jun 20, 2022
The RBA's pre-COVID failure to cut interest rates faster may have cost as much as 270,000 jobs The Reserve Bank of Australia is about to be put under the microscope in the first major review of its performance in at least 30 years, and perhaps forever. The Conversation · Jun 20, 2022
Recession not on horizon, says RBA's Lowe Reserve Bank governor Philip Lowe says a recession in Australia is not on his horizon, but after the past two years nothing can ever be ruled out. AAP · Jun 20, 2022
RBA's Lowe to expand on outlook views Reserve Bank governor Philip Lowe will address a conference on Tuesday on Australia's economic outlook and monetary policy. AAP · Jun 19, 2022
Grattan on Friday: Everything, it seems, is conspiring to test the Albanese government On Thursday Anthony Albanese and Energy Minister Chris Bowen formally updated Australia’s international commitment for its proposed climate change action. It’s now a 43% reduction in emissions by 2030, in line with the policy Labor took to the election. The Conversation · Jun 16, 2022
Alan Kohler: Albanese’s note to self – Don’t get blamed for the Morrison crises Governments usually change after a recession, not before one, so the job is a nice one – to manage the recovery. But this time is different. The New Daily · Jun 15, 2022
Stagflation: what is it and is it really happening in Australia? Australians are feeling the pinch from rising inflation, but experts are divided on whether the 1970s economic phenomenon is back The Guardian - AU · Jun 15, 2022
Woolworths freezes prices on essentials amid cost-of-living alarm Woolworths will freeze prices on hundreds of household essentials for six months, as shoppers battle with surging inflation. The New Daily · Jun 15, 2022
Fair Work Commission gives a 5.2% – $40 a week – increase in the minimum wage The Fair Work Commission has announced a rise in the minimum wage of 5.2% or $40 a week, taking it to $812.60 a week or $21.38 an hour. The Conversation · Jun 15, 2022
The Loop: China's special 'military operations', the fruit and veges facing shortages, and BTS on hiatus? Here's your quick catch-up for this morning's news. ABC News · Jun 14, 2022
The Guardian - AU · Jun 14, 2022 Morning mail: aged care vaccine rollout ‘too slow’, PM approval rating rises, supermassive black hole found Wednesday: Only half of aged care residents have had fourth vaccine as deaths climb. Plus: jumping spiders in minute detail
AAP · Jun 14, 2022 Rising rates send confidence reeling Consumer confidence has tumbled to multi-year lows in the face of sharply rising interest rates, but low paid workers may gain a lift from a large pay rise.
AAP · Jun 14, 2022 Decisive rate rise was needed: RBA's Lowe Reserve Bank of Australia governor Philip Lowe has justified the decision to raise the cash rate by 50 basis points last week in the face of rising inflation.
ABC News · Jun 14, 2022 Reserve Bank governor Philip Lowe warns it is unclear how high interest rates will go Philip Lowe has warned Australians they need to be prepared for substantial interest rate rises over the rest of this year, conceding he is not sure how high they might go.
The New Daily · Jun 8, 2022 Why savers are unlikely to benefit much from the RBA rate hikes RBA governor Philip Lowe jacked up the cash rate by a surprise 50 basis points on Tuesday. But savers are unlikely to benefit much in the short term.
The New Daily · Jun 7, 2022 Michael Pascoe: The RBA is hunting down the bezzle Most of what is pushing up prices now won’t be affected by increasing interest rates – but higher rates will wound the bezzle.
The Guardian - AU · Jun 7, 2022 First homebuyers will likely be hit hardest by Australia’s interest rate rises Analysts warn economic consequences of RBA’s ‘blunt instrument’ attempt to limit inflation will fall disproportionately on outer suburbs
The Guardian - AU · Jun 7, 2022 Reserve Bank hikes official interest rate by 50 basis points to 0.85% to curb inflation Decision exceeded predictions from economists while Westpac was the first of the big banks to pass on the rise in full to customers
AAP · Jun 7, 2022 RBA hike due to 'significant' inflation The Reserve Bank of Australia board has raised the cash rate to 0.85 per cent from 0.35 per cent in the face of higher-than-expected inflation.
The New Daily · Jun 7, 2022 Reserve Bank hikes cash rate to 0.85 per cent The Reserve Bank has lifted the cash rate from 0.35 per cent to 0.85 per cent in a bid to curb rising inflation. It is the second hike in as many months.
The Guardian - AU · May 5, 2022 Laden with ‘world-beating’ debt, Australian households are at increased risk as rates rise, expert says Policies encouraging property investment have fuelled soaring debt ratio to create ‘big potential problem’, researcher warns