The Latest Breaking News from Reserve Bank

Australia’s central bank has lifted its benchmark interest rate for the first time since June with a quarter percentage point hike that brought the cash rate to a 12-year high of 4.35%

The ASX200 has finished down 0.3 per cent in its first losing day this month after the Reserve Bank raised interest rates for the first time in five meetings.

Mortgage-holders have been hit with another interest rate rise as the Reserve Bank intensifies its fight against inflation.

Banks get ready to impose debt-to-income borrowing limits to protect homebuyers as interest rates and mortgagee sale numbers rise

The International Monetary Fund (IMF) released a report this week calling on Australia to raise interest rates again, adding to the speculation the Reserve Bank will increase the cash rate on Tuesday.

Each of Australia’s big four banks is now predicting a rate rise in six days’ time on Melbourne Cup Tuesday. It would add another A$77 to the monthly cost of servicing a $500,000 mortgage and be enough to take the total extra monthly impost since rates began climbing to more…

At a White House briefing early this week, Joe Biden’s press secretary, Karine Jean-Pierre, was asked whether there’d been any thought of postponing Anthony Albanese’s state visit because of the Middle East conflict.

The head of the Reserve Bank admits decision-makers "don't know if the job is done yet" when it comes to interest rate tightening to combat inflation.

Strong quarterly inflation figures sends market scrambling as odds on for interest rate hike at Reserve Bank’s Melbourne Cup Day meeting

Inflation has passed its peak and quarterly data will indicate if prices have been decelerating fast enough for the Reserve Bank to keep interest rates on hold.

The local share market finished up 0.4 per cent, with stronger gains fading after the Reserve Bank highlighted it had a "low tolerance" to inflation.