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The Latest Breaking News from RBA

Reserve Bank causing households ‘too much pain’ with rate rises, says union chief Sally McManus

Australian union leader says the absence of labour market expertise on the RBA board had caused ‘missteps’

The Guardian - AU

The Reserve Bank wants unemployment to rise. It should be careful what it wishes for

We had all better hope the coming slowdown doesn’t happen before the full effect of rate rises is felt

The Guardian - AU

What experts think of the RBA’s interest rate rises – and what they say is coming next

Five leading economists give their views on what’s on the horizon for Australia’s economic future

The Guardian - AU

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Walking the ‘narrow path’: Will Australia avoid a recession in 2023 as Jim Chalmers predicts?

Treasurer Jim Chalmers isn't predicting a recession in 2023, but experts say the risk is rising as consumer spending slows.

The New Daily

Tanya Plibersek blocks Clive Palmer’s proposed coalmine – as it happened

This blog is now closed

The Guardian - AU

Economists say recession still possible as rates bite

As the Reserve Bank weighs up further rate rises, there are concerns domestic and global factors could stall Australia's economy.

AAP

How high will interest rates go? RBA flags more mortgage pain in 2023

Australians are being warned to brace for even more interest rate hikes after the Reserve Bank began 2023 with a fresh mortgage squeeze.

The New Daily

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Afternoon Update: earthquake casualties could exceed 20,000; BLM protest charges dropped; and a quoll faces extinction

Anthony Albanese has pledged an initial $10m in humanitarian assistance after the earthquakes

The Guardian - AU

RBA warns of at least 2 more interest rate rises in coming months, as the economic outlook worsens

Australia’s cash rate has hit 3.35%, after the Reserve Bank raised interest rates for the ninth time in a row – and signalled more interest rate pain ahead. The 0.25 percentage point rise adds A$90 a month to a $600,000 variable mortgage.

The Conversation

‘Higher than expected’: RBA signals more rate hikes as 2023 inflation battle begins

The Reserve Bank has kicked off the New Year with another squeeze on homeowners, lifting its target cash rate to a decade-high 3.35 per cent.

The New Daily

RBA interest rates: Reserve Bank lifts official rate to 3.35% in record ninth consecutive hike to tame inflation

Mortgage holders likely to feel immediate pain but RBA indicates further increases to come in attempt to bring inflation under control

The Guardian - AU

Record ninth consecutive increase to official cash rate

The Reserve Bank of Australia has announced a 25 basis point rise in the cash rate, taking it to 3.35 per cent - the highest since September 2012.

AAP

RBA hikes interest rates to decade-high in first meeting of 2023

The Reserve Bank has raised interest rates to a decade high 3.35 per cent at its first meeting of the year in a bid to curb sky-high inflation

The New Daily

Interest rate updates: Philip Lowe says RBA will 'do what is necessary' to curb inflation as cash rate reaches highest level since September 2012 — as it happened

The Reserve Bank lifts interest rates by another quarter of a percentage point, with ANZ becoming the first bank to pass on the increase to its customers.

ABC News

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Newcastle Herald

RBA strikes again with rate rise

The increase marks the ninth consecutive rate hike since May 2022.

ABC News

Australian households should prepare for many more rate hikes this year, experts warn

A leading economist was overwhelmed with interest after releasing RBA cash rate research. Here's why.

AAP

Rate rise expected to hit households hard

The Reserve Bank of Australia board is expected to announce a 25 basis point rise in the cash rate when it meets on Tuesday, adding to cost of living pain.

The New Daily

Mortgage squeeze to worsen as RBA prepares rate hike amid refinancing binge

Millions of Australian homeowners are facing yet another jump in their mortgage bills this week, with a fresh rate hike incoming.

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ABC News

This week marks three years since COVID-19 was declared a global health emergency. Here's a look back at the three months that changed the world

From the lockdowns to toilet paper shortages, here's how the first three months of COVID-19 unfolded back in 2020.

The Conversation

It's tradition: Indigenous designs have been on Australian money since decimalisation

Indigenous Australians are respectfully advised that the following includes the names and images of some people who are now deceased.

The Guardian - AU

Britain ‘relaxed’ about Australia omitting King Charles from new $5 banknote, high commissioner says

‘It is for Australia to decide what it wants on its coins, and on its notes,’ Vicki Treadell says

Daily Mirror

King Charles SNUBBED and won't appear on new Australian bank notes

The Reserve Bank of Australia said the new $5 dollar note will not feature a portrait of King Charles but will pay tribute to the 'culture and history' of Indigenous Australians

Asharq Al-Awsat

Australia to Remove British Monarch from Banknotes

Australia will erase the British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honoring Indigenous culture, the central bank said Thursday. The decision to leave her successor King Charles III off the $5 note means no monarch would remain on…

ABC News

Australian $5 note redesign won't feature King Charles, as Queen Elizabeth portrait removed in update

King Charles won't be replacing the late Queen on the new $5 note, after the Reserve Bank decides to honour First Nations culture instead.

The New Daily

Alan Kohler: The RBA is fighting for its purpose … and its life

Let’s have a sort of “upper-level extension” to the RBA in the fight against inflation, writes Alan Kohler.

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