The Latest Breaking News from RBA

Trillions of dollars at risk because central banks’ climate models not up to scratch

Climate research finds modelling used cannot predict localised extreme weather, leading to poor estimations of risk

The Guardian - AU · Aug 9, 2022

ACTU pushes for caps on energy bills and a windfall tax on corporate profits ahead of jobs summit

Report proposes big changes to Australian economy including giving workers more clout to bargain for better pay

The Guardian - AU · Aug 9, 2022

Australia’s central bank launches digital currency pilot

Reserve Bank of Australia says year-long trial will explore “innovative use cases and business models” for currency.

Al Jazeera · Aug 9, 2022

Despite the headlines, money is still free

You might have noticed the occasional headline about interest rates soaring, the Reserve Bank threatening to smash the economy, and the end of civilisation.

The New Daily · Aug 5, 2022

Reserve Bank more pessimistic than government about when inflation will decline

Quarterly statement on monetary policy suggests RBA may need to hoist interest rates higher for longer

The Guardian - AU · Aug 5, 2022

Reserve Bank wary of cautious consumers amid falling house prices, as global economy sours

The Reserve Bank slashes its forecasts for economic growth as rate rises, house price falls and a souring global economy weigh on Australia's outlook.

ABC News · Aug 5, 2022

RBA warns on inflation, downgrades growth

The central bank has released its quarterly Statement on Monetary policy, setting out new forecasts for the economy, labour market, wages and inflation.

AAP · Aug 4, 2022

The RBA’s welcome prediction and surprising results fuel market this week

A dovish RBA rates prediction, soaring trade surplus and an expected dip in petrol prices helped fuell this week's share-market movements.

The New Daily · Aug 4, 2022

Three of the big four banks raise variable home loan interest rates by half a point to match RBA rise

Increase puts the banks’ variable interest rates at highest in three years with Westpac and NAB yet to respond to official cash rate hike

The Guardian - AU · Aug 4, 2022

CBA, ANZ, Westpac and NAB lift interest rates after two days of 'radio silence'

After two days of silence, Commonwealth Bank was the first of the "big four" banks to lift interest rates on its variable mortgages by 0.5 percentage points — in an uncharacteristically slow response to the Reserve Bank's rate hike on Tuesday.

ABC News · Aug 4, 2022