The Latest Breaking News from RBA

Borrowing for housing fell 6.4 per cent to $30.99 billion in April, representing a steeper fall than economists were expecting.

Ritchie Bros.

This is the text of an open letter from 12 leading economists, sent on Sunday:

From sluggish wages to red-hot inflation, there are some unusual things happening in Australia’s economy

There are signs next week's national accounts will show the economy was barely growing in the first three months of the year.

Government subsidies such as first home buyer grants and HomeBuilder have boosted demand for homes and helped push up house prices, with "pervasive" impacts on housing outcomes for some Australians, according to the Reserve Bank.

I suspect Anthony Albanese will be a better PM than he was Opposition Leader – his talents more suited to making things work than tearing things down.

The RBA's assistant governor for economics Luci Ellis has refused to predict how high interest rates may rise, but reiterated more increases are to come.

The U.S. stock market rebounded yesterday after talks around a possible easing of import tariffs on Chinese . However, investors remain concerned about multi-decade high inflation and the possibility of economic contraction. This is expected to keep the markets volatile in the near term. So, we think that amid the…

Businesses are battling rising costs, while their customers' purse strings are tightening. Tackling this situation will be the new government's great task, and there's only so much it can do to control some broad economic pressures.

Analysts say election of Albanese government will not ‘shift the dial’ on economic forecasts