The Latest Breaking News from RBA

Decision to lift interest rates influenced by higher-than-forecast rent increases, RBA says

Minutes from recent meeting say surprise call was ‘finely balanced’ and aimed at diminishing the risks of high inflation becoming entrenched

The Guardian - AU · May 16, 2023

Treasurer wants energy transition to be his legacy – as it happened

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The Guardian - AU · May 15, 2023

‘Slightly less terrible’: Why the budget won’t worsen inflation

Opposition Leader Peter Dutton has accused the Albanese government of delivering an inflationary budget, but not all experts think so.

The New Daily · May 12, 2023

Michael Pascoe: Still waiting for the real budget boot to drop

There’s some interesting stuff, some good things, some “spinning”, and there are certainly things to be disappointed about in the budget.

The New Daily · May 10, 2023

Instead of winning plaudits, why did Jim Chalmers’ budget surplus leave pundits nonplussed?

There’s a glorious irony that a surplus, after so many deficits, attracted such little attention

The Guardian - AU · May 10, 2023

Chalmers defends budget’s ‘meaningful’ help amid split on interest rate risks

Treasurer Jim Chalmers has defended his second budget as offering "meaningful relief to households" – while not contributing to inflation.

The New Daily · May 10, 2023

Economists say federal budget unlikely to have much effect on interest rates

While the 2023 budget is unlikely to budge the RBA, experts are watching for inflationary pressure from a population boom and energy prices

The Guardian - AU · May 10, 2023

Australian government rejects concerns budget may worsen inflation

Australia's Labor government said on Wednesday the billions in cost-of-living relief unveiled in the federal budget for families and businesses will not worsen inflationary pressures and put more pressure on the central bank to lift rates further.

Reuters · May 10, 2023

Federal budget 2023: Does a budget focused on the cost of living mean inflation and interest rates could get worse?

Treasurer Jim Chalmers is adamant that his budget will not make inflation worse and force the Reserve Bank's hand on interest rates — but economists are divided, with some saying it paves the way for a rate hike in the coming months.

ABC News · May 9, 2023

Inflation rate to halve, bringing wage growth by 2024, federal budget predicts – with hope of mortgage relief

Australia’s economy remains resilient as global growth slows to its worst performance in more than two decades

The Guardian - AU · May 9, 2023