The Latest Breaking News from Reserve Bank

Strong jobs growth data deflates February rate cut hope

A very healthy jobs market is not adding to the case for a February interest rate cut, with all eyes turning to inflation data due in coming weeks.

AAP · Jan 15, 2025

The Australian dollar has hit a 5 year low. Sounds bad but don’t panic

You may have seen stories the Australian dollar has “plummeted”. Sounds bad. But what does it mean and should you be worried?

The Conversation · Jan 14, 2025

Black Friday spurs spending but full figures fall short

Consumer spending is past its weakest point but still subdued, despite a spike in activity from annual promotions in November.

AAP · Jan 8, 2025

Grattan on Friday: Labor has to grapple with Anthony Albanese’s ‘man problem’

Women and their issues were at the centre in the 2022 election. They were an important reason why Scott Morrison was turfed out of office.

The Conversation · Dec 19, 2024

The fiscal update is no Christmas present for the government – but signs of a slow recovery are there

After a slow economic year, many New Zealanders are eyeing 2025 with uncertainty but also a degree cautious optimism. Interest rates are dropping and unemployment rates remain below expectations.

The Conversation · Dec 17, 2024

Chalmers unveils new look Reserve Bank, with women in the majority on both its boards

A person with long experience in the financial services sector, Marnie Baker, and a distinguished academic economist, Renée Fry-McKibbin, have been appointed to serve on the Reserve Bank’s new monetary policy board:

The Conversation · Dec 16, 2024

Jim Chalmers reveals two appointments to Reserve Bank’s new board tasked with setting interest rates

Renée Fry-McKibbin and Marnie Baker will sit on the RBA’s new board, which follows the government’s reform of the central bank

The Guardian - AU · Dec 16, 2024

The women who could soon influence your mortgage

Two new faces will serve on the Reserve Bank of Australia's rate-setting board, with the government defying calls from the coalition for continuity.

AAP · Dec 16, 2024

More spending and weaker revenue hits budget bottom line in some years: Chalmers

Wednesday’s mid-year budget update will downgrade company tax receipts  by $8.5 billion over the four years to 2027-28, and show “slippage’ in the bottom line in some years of the forward estimates, Treasurer Jim Chalmers says.

The Conversation · Dec 15, 2024

Energy generators poke holes in Dutton’s nuclear plan as questions over costings pile up

‘No one really has the foggiest idea of what it will cost to develop nuclear in Australia,’ one expert says

The Guardian - AU · Dec 13, 2024