The Latest Breaking News from RBA

Why are Australian households struggling as corporate profits soar?

Everyday Australian’s are struggling to keep up with the rising cost of living with soaring inflation hurting households’ hip pockets.

The New Daily · Mar 2, 2023

New house approvals slide for fifth month in a row

Approvals for new homes remains subdued as stubbornly high inflation and rising interest rates weigh on demand for home-building.

AAP · Mar 1, 2023

Rate rises are hitting home as real incomes fall and the economy slows. What an achievement!

Weak growth anticipates worse to come, given the promise of further RBA hikes and the economy has already begun to fall

The Guardian - AU · Mar 1, 2023

Court throws out ‘inappropriate’ bail conditions on student arrested after Sydney protest at Reserve Bank

Magistrate says she ‘didn’t understand’ why police imposed bail on woman, 23, who was charged with trespass after protest last month

The Guardian - AU · Mar 1, 2023

'Recession risks are rising' but the latest GDP numbers are expected to show 'solid' growth

The latest economic growth figures are expected to show a robust economy. But the outlook for 2023 is far less rosy, warn many analysts.

ABC News · Feb 28, 2023

‘Million-dollar question’: All eyes on consumer wallets as experts predict robust growth figures

Fears of a recession in early-2023 are set to be eased on Wednesday as experts prepare for robust economic growth.

The New Daily · Feb 28, 2023

Will the Reserve Bank review achieve anything? What difference could it make to interest rates?

A government-ordered review of the Reserve Bank — the first in more than a generation — is expected to ask searching questions of our key financial institution. The leadership of the central bank, the composition of its board, missed targets and broken promises are all elements under examination.

ABC News · Feb 27, 2023

Australia’s big banks are passing on all the interest rates hikes – but not the cuts

While the banks have been quick to pass on RBA’s every cash rate increase, they have not matched all the decreases since June 2019

The Guardian - AU · Feb 24, 2023

Profits have driven inflation while wages lag behind, argue economists

Increasing profits going to corporate Australia account for more than two-thirds of the nation's inflation problem, according to new research from the Australia Institute.

ABC News · Feb 23, 2023

Corporate profits fuelling inflation, research finds

New analysis challenges the narrative that workers need to accept sluggish wage growth to tame inflation and says business profits are driving higher prices.

AAP · Feb 23, 2023