The Latest Breaking News from Reserve Bank

Labor Senator Pat Dodson has demanded that the Albanese government acts urgently over the ‘national disgrace’ of Indigenous deaths in custody, and the Reserve Bank is expected to raise interest rates tomorrow for the 10th time in 11 months.

Struggling home owners face more bad news this week as the Reserve Bank prepares yet another hike in interest rates.

Online shopping on the chopping block as households cut discretionary spend.

Cyclone Gabrielle’s trail of misery and destruction presents a major fiscal and political dilemma for the government: how should the country pay for the recovery? Does it borrow now and spread repayment over generations, or raise taxes in an election year?

A government-ordered review of the Reserve Bank — the first in more than a generation — is expected to ask searching questions of our key financial institution. The leadership of the central bank, the composition of its board, missed targets and broken promises are all elements under examination.

Some retirees could face a cold and hungry winter, as costs rise and banks slow-pedal their term deposit interest rates. It's allowing the big banks to maintain high margins and send record dividends back to their Australian owners. Jonathan Milne reports.

While workers' pay packets are growing at the fastest pace in a decade, profits are still rising even faster, according to official data.

Australian company profits have bounced back after dropping off steeply last quarter, with business inventories returning a softer-than-expected result.

While the banks have been quick to pass on RBA’s every cash rate increase, they have not matched all the decreases since June 2019