The Latest Breaking News from RBA

PM asserts budget created space for RBA to pause hikes

The prime minister says the federal government has done its bit to help the central bank fight inflation by banking revenue gains and controlling spending.

AAP · Jul 4, 2023

Enjoy it while you can: July’s RBA rate pause is likely to be fleeting, unless a lot goes right

Inflation remains too high globally – and Australia’s may still be ‘out of whack’ by the time the board next meets in August

The Guardian - AU · Jul 4, 2023

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

Borrowers cross fingers ahead of live cash rate call

The Reserve Bank board is set to meet on Tuesday for what is likely to be another finely balanced interest rate decision in the fight against inflation.

AAP · Jul 2, 2023

RBA should pause rate rises as ‘deflationary shock’ sweeps global economy, former board member says

Warwick McKibbin says Australia’s central bank has been slow to react as supply pressures from Covid and war in Ukraine abate

The Guardian - AU · Jul 1, 2023

RBA has more to do to curb inflation as retail and job markets still strong, economists say

Despite fastest interest rate rises in three decades, retail turnover rose in May, when experts had expected a drop

The Guardian - AU · Jun 29, 2023

Retail trade beats forecast as sales lure in shoppers

Retail turnover has risen by a stronger-than-expected 0.7 per cent in May as cash-strapped consumers take advantage of sales.

AAP · Jun 28, 2023

Inflation retreated in May to 5.6%, easing fears RBA will again raise interest rates

Consumer price index fell in May from 6.5% in April showing further signs that the worst of inflation may be over

The Guardian - AU · Jun 28, 2023

Why the last mile on the road to low inflation may yet prove to be the toughest

While inflation may have peaked in 2022, households and firms are getting more used to it, making it harder to dislodge

The Guardian - AU · Jun 26, 2023

Forced property sales on the rise in outer Sydney as interest rate hikes start to bite

Domain data shows distressed listings as a share of the national market remain low but there’s been an uptick in outer suburban pockets

The Guardian - AU · Jun 23, 2023