If the RBA were a company, the governor would be out of a job If the RBA were a company, the board would have and should have sacked Philip Lowe long ago. But they couldn’t; they knew it and he knew it. The New Daily · Apr 23, 2023
The criticisms behind the Reserve Bank review's recommendations for a new board, updated mandate The Reserve Bank review wants to remove economic prosperity as an objective of monetary policy, with some economists arguing house prices and household debt are outside its domain. ABC News · Apr 23, 2023
Michael Pascoe: The fallacy at the heart of the Reserve Bank of Australia review Instead of tackling the fallacy and lie, the review came up with this: 'There should be increased joint work between Treasury and the RBA'. The New Daily · Apr 21, 2023
Does everyone welcome the Reserve Bank overhaul? Economists have welcomed many of the proposed changes to the Reserve Bank of Australia, but some have raised concerns. ABC News · Apr 20, 2023
Reserve Bank revolution: Jim Chalmers reshapes the RBA for the 21st century The scale of the RBA changes recommended by the review is large – there is an entire section devoted to a year-long implementation process. The New Daily · Apr 20, 2023
What does the Reserve Bank of Australia review mean, and how will it affect interest rates and mortgage payments? A scathing review of the Reserve Bank of Australia is set to deliver a shake-up of the central bank not seen in a generation. Here's what it means for interest rates, your mortgage, and RBA governor Philip Lowe. ABC News · Apr 20, 2023
Afternoon Update: Lowe responds to RBA shake-up; rare solar eclipse in images; and K-pop star dies at 25 RBA governor welcomes review of central bank as treasurer announces all 51 recommendations will be implemented The Guardian - AU · Apr 20, 2023
Philip Lowe welcomes RBA review but says description of board ‘far from the reality’ Reserve Bank governor says board challenges him and does not ‘sit there meekly’ but calls overall report ‘kind of excellent’ The Guardian - AU · Apr 20, 2023
Lowe says he would stay at RBA helm as reforms unfold The governor of the Reserve Bank agrees the institution needs to evolve and is willing to lead the reform of the central bank if his tenure is extended. The New Daily · Apr 20, 2023
RBA boss concedes central bank ‘needs to change’ RBA boss Philip Lowe has welcomed the wide-ranging review of the central bank, admitting it "needs to change". The New Daily · Apr 20, 2023
Reserve Bank revolution: how Jim Chalmers will recraft the RBA for the 21st century The review into the Reserve Bank of Australia has just been published by Treasurer Jim Chalmers, and it’s a blockbuster. The Conversation · Apr 20, 2023
ACTU will not push for spot on RBA board as review released – as it happened This blog is now closed The Guardian - AU · Apr 19, 2023
Massive overhaul of Reserve Bank to change how rates are set The Reserve Bank of Australia is facing a major overhaul that would change how interest rates are set after a review into its future. The New Daily · Apr 19, 2023
RBA to have separate rate-setting panel but inflation target expected to remain First full review for decades recommends raft of changes including splitting the board into two to enable more focus on how interest rates are decided The Guardian - AU · Apr 19, 2023
The Conversation · Apr 19, 2023 Reserve Bank to have two boards after overhaul by inquiry The long-awaited independent review of the Reserve Bank commissioned by Treasurer Jim Chalmers will be released on Thursday, with the treasurer already flagging in-principle agreement with all its recommendations.
The New Daily · Apr 16, 2023 Alan Kohler: Don’t get too accustomed to low unemployment. Here’s why it won’t last With unemployment now back at 3.5 per cent, workers seem to have regained their bargaining power – until technology takes it away again.
The New Daily · Apr 15, 2023 Unsealed minutes will detail RBA’s thinking on rate hikes and the current pause More light will be shed on the RBA's decision to forego a further interest-rate hike when the board's minutes are released this week.
ABC News · Apr 14, 2023 The mining sector made more than half of Australia's corporate profits, so why do economists want to ignore it? Australia's mining sector has generated windfall profits over the past two years, the result of dramatically higher prices for fossil fuel energy, but has it driven inflation?
The Conversation · Apr 11, 2023 What made rents soar? It might have been COVID, and pairing off So, you think you know why rents climbed.
ABC News · Apr 5, 2023 Rents are at a record high across Australia, according to a new report Analysts say open borders and increased migration have driven demand for real estate – and increases in rental prices.
The New Daily · Apr 5, 2023 RBA chief Philip Lowe uncertain on need for further rate hikes Reserve Bank boss Philip Lowe isn’t sure whether interest rates will need to rise again , but he certainly isn’t ruling out another hike.
The New Daily · Apr 5, 2023 RBA boss confirms rate hikes not necessarily over The Reserve Bank has kept interest rates on hold, but governor Philip Lowe says there's a good chance more interest rate hikes will be needed.
ABC News · Apr 5, 2023 RBA governor Philip Lowe says pause 'does not imply that interest rate increases are over' The Reserve Bank boss warns households to brace for more interest rate rises, especially if businesses keep putting up prices or workers demand bigger pay rises.
The New Daily · Apr 4, 2023 Philip Lowe in spotlight after welcome cash rate call The Reserve Bank has kept interest rates on hold but a public appearance from the bank's boss could shed some light on the likelihood of more hikes.
ABC News · Apr 4, 2023 Rio Tinto confirms stolen employee data posted on the dark web after GoAnywhere cyber hack, ASX finishes slightly higher — as it happened Rio Tinto has confirmed that employee data stolen in last month's cyber hack has been posted on the dark web by a cybercriminal group. Look back on the day's market and business news with our blog.