The Latest Breaking News from RBA

Reserve Bank board shake up outlined in new laws

The federal treasurer has introduced legislation that will underpin the biggest set of reforms at the Reserve Bank in decades.

AAP · Nov 28, 2023

Meet Andrew Hauser, the outsider from the UK who'll be deputy governor of the RBA

In a significant step towards reforming Australia’s Reserve Bank, Treasurer Jim Chalmers has stepped outside the bank and outside of Australia to select Andrew Hauser, a British economist, as its new deputy governor.

The Conversation · Nov 27, 2023

Jim Chalmers appoints outsider and former Bank of England executive director as deputy RBA governor

Rare appointment of outsider Andrew Hauser to senior position comes after review found bank should encourage ‘diverse viewpoints’

The Guardian - AU · Nov 27, 2023

The past financial year was brutal for household incomes – and it seems the recovery isn’t coming anytime soon

Household disposable income fell 5.1% across the country, meaning our living standards have been smashed

The Guardian - AU · Nov 22, 2023

RBA governor says inflation ‘increasingly homegrown’, suggesting interest rates will remain high

Michele Bullock warns prices are ‘rising strongly for the majority of the goods and services we all consume’

The Guardian - AU · Nov 22, 2023

RBA cash rate meetings to stretch over two days

More changes to the way the Reserve Bank sets interest rates and communicates with the public have been unveiled in a speech by the central bank chief.

AAP · Nov 22, 2023

Why further RBA interest rate hikes are less likely now than even 1 week ago

Since Australia’s Reserve Bank hiked interest rates two weeks ago, there have been two important developments – one in the United States and the other in the United Kingdom.

The Conversation · Nov 21, 2023

Afternoon Update: Hamas says truce is close; man charged with raping 90-year-old woman; and essential workers in rental stress

Qatar is leading negotiations between Hamas and Israel, while the war in the Gaza strip continues

The Guardian - AU · Nov 21, 2023

Australian shares higher despite hawkish RBA minutes

The local share market finished 0.3 per cent higher, even as the Reserve Bank minutes opened the door for a potential December rate hike.

AAP · Nov 21, 2023

November interest rate rise was needed to avoid risk of larger future increases, RBA says

Minutes of the November meeting show the RBA board believed the risk of inflation continuing above target was too high to keep rates on hold

The Guardian - AU · Nov 21, 2023