The Latest Breaking News from RBA

Wages, Reserve Bank minutes to take the spotlight

The pace of wage growth will take centre stage, with the Reserve Bank hoping for a moderate reading that doesn't make its inflation challenge harder.

AAP · Feb 19, 2023

Greens leader Adam Bandt flags party is likely to work with government on safeguard mechanism

Adam Bandt says the party is open to negotiating on the government's key climate change policy, but believes voters can see they are fighting to stop new coal and gas projects from being approved.

ABC News · Feb 19, 2023

Australia’s housing crisis: how RBA interest rate hikes are pushing families closer to the edge

While some property owners are cashing in on the crisis, many others, such as western Sydney’s Nick Noel, are struggling to explain to their kids why they must tighten the spending belt

The Guardian - AU · Feb 18, 2023

RBA boss Philip Lowe says rate rises hurting households, indications are they will go higher

Reserve Bank governor Philip Lowe has given a strong indication more interest rate rises are on the cards despite nine back-to-back rises causing many households significant pain and leaving them struggling to make repayments on their mortgages.

ABC News · Feb 17, 2023

RBA urges mortgage holders to hunt down better deals

Reserve Bank officials say record high rates of refinancing are keeping average home loan rates relatively low.

AAP · Feb 17, 2023

RBA governor faces second hearing, ASX sheds 0.8 per cent

The ASX200 drops 1.2 per cent over the week, and RBA governor Philip Lowe faces second hearing in Canberra

ABC News · Feb 16, 2023

RBA governor sticks to the script on future rate rises

Not spooked by an unexpected uptick in the headline jobless rate, the Reserve Bank has stuck with its hawkish stance on interest rates.

AAP · Feb 16, 2023

ACCC asking why banks are slow to lift interest rates on savings accounts

The landscape for Australian savings rates is changing fast as banks begin to relent after the RBA’s February interest rate hike.

The New Daily · Feb 16, 2023

Employment rates are ‘tracking sideways’, experts say, on January data

A New Year's rise in unemployment has sparked debate about whether cracks are appearing in the labour market.

The New Daily · Feb 16, 2023

Australia’s unemployment rate climbs to 3.7% in January, higher than economists expected

Succession of interest rate rises by the RBA trims jobs growth as unemployment jumps to its highest level since May 2022

The Guardian - AU · Feb 16, 2023