The Latest Breaking News from RBA

The Reserve Bank will face a major review. Here’s what that means

Australia’s inflation target and why the Reserve Bank has failed to achieve it will be probed in the biggest review of the central bank in decades.

The New Daily · Jul 20, 2022

Mortgage holders should brace for short-term pain as RBA signals steady interest rate rises to tackle inflation

Philip Lowe says reserve bank looking for its ‘neutral rate’ which could see cash rate almost double in coming months

The Guardian - AU · Jul 20, 2022

‘Right policy choice’: RBA boss Philip Lowe defends COVID response as inflation anger grows

Reserve Bank governor Philip Lowe has defended his COVID response, saying that pinning interest rates to the floor in 2020 was the “right policy choice”.

The New Daily · Jul 20, 2022

Reserve Bank review will scrutinise who sits on the board and whether their views should be more transparent

A Reserve Bank of Australia review is set to examine whether its long-standing inflation target should remain.

ABC News · Jul 19, 2022

International expert to review Reserve Bank as deputy governor says households in 'fairly good position' on rate rises

An international expert on monetary policy, Carolyn Wilkins, is one of a three-member panel that will conduct a broad review of the Reserve Bank, including its objectives and the interaction of monetary and fiscal policy.

The Conversation · Jul 19, 2022

Monthly mortgage bills could rise by another $650. But the RBA’s not worried yet

Home owners are facing another $650 rise in their mortgage bills within months as the economy is pushed to the brink to curb inflation.

The New Daily · Jul 19, 2022

How rising interest rates could work for you with term deposits and savings

With the RBA and other central banks winding up cash rates, term deposit rates and even interest rates on savings accounts have started to rise. 

The New Daily · Jul 19, 2022

Up to a third of mortgage holders could struggle to keep up with repayments, RBA says

Deputy reserve bank governor, Michele Bullock, says most Australians are ‘well placed’ to absorb the impact of rate rises

The Guardian - AU · Jul 19, 2022

ANZ predicts cash rate above 3 pct in 2022

ANZ is forecasting the cash rate will hit 3.35 per cent for November, a prediction that's the most hawkish of the big four banks.

AAP · Jul 18, 2022

More RBA rate hikes to come as investors brace for Twitter, Netflix earnings reports

The meeting minutes and a speech by RBA governor Philip Lowe on Wednesday are likely to reiterate the overarching message – more rate hikes are coming.

The New Daily · Jul 18, 2022