The Latest Breaking News from Philip Lowe

Afternoon Update: RBA warns of more rate hikes; dogs rescued from ‘horrific conditions’; and Australia records 7th-warmest June

Cash rate pauses at 4.1% but governor says further rate rises are possible depending on the economy and inflation

The Guardian - AU · Jul 4, 2023

Australian central bank leaves its benchmark cash rate at 4.1% but warns there may be further hikes

Australia’s central bank has left its benchmark interest rate at 4.1% after inflation fell to 5.6% in May from 6.5% a month earlier

The Independent UK · Jul 4, 2023

The RBA has kept interest rates on hold. Here's why it'll be cautious from here on

The Reserve Bank decided to keep interest rates on hold at 4.1% because it thinks there’s a chance – just a chance – it has lifted them all it needs to.

The Conversation · Jul 4, 2023

Strong job numbers could mean more rate rises for Australia. Here’s why a recession isn’t a certainty

Reserve Bank appears determined to raise interest rates at least once more, even if Australia’s economy is slowing

The Guardian - AU · Jun 15, 2023

Australia’s supermarket duopoly didn’t start the inflation crisis, but it is making it worse

Market concentration is allowing companies to reap record profits while workers and their families struggle to get by

The Guardian - AU · Jun 14, 2023

Don’t blame workers for falling productivity – we’re not the ones holding it back

Suddenly Australians are being told we need increase productivity if we want our wages to merely keep up with inflation.

The New Daily · Jun 13, 2023

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 · Jun 13, 2023

Don't blame workers for falling productivity – we're not the ones holding it back

Suddenly Australians are being told we need to produce more if we want our wages to merely keep up with inflation.

The Conversation · Jun 13, 2023

Madonna King: Listen up Albo, the Voice coming out of the suburbs is all about the cost of living

The impacts of cost of living on voters should give our economic decision makers pause, and with good reason, writes Madonna King.

The New Daily · Jun 11, 2023

Inflation, unemployment, interest rate hikes: is it any wonder Australia’s misery index is rising?

Alleviate supermarket blues by performing a funky dance in the canned veg section

The Guardian - AU · Jun 9, 2023