The Latest Breaking News from Reserve Bank

Will Jim Chalmers' budget drive up inflation? Not likely – and here's why

The proposition that cutting prices will stoke inflation is a hard one to get your head around, even if you are an economist.

The Conversation · May 23, 2023

‘Significant turnaround’ in Australian house prices defies predictions as demand rises

CoreLogic says if increase is maintained, prices will be 4% higher at the end of 2023, defying forecasts of falls of 10% or more

The Guardian - AU · May 23, 2023

The great Victorian budget mystery: who will repay its massive ‘Covid debt’?

For once the Andrews government has largely avoided major announcements ahead of Tuesday’s state budget

The Guardian - AU · May 22, 2023

Jim Chalmers accuses Coalition of ‘downward envy’ as Dutton refuses to commit to jobseeker increase in budget

Angus Taylor repeats claims budget may have increased chances Reserve Bank will further increase interest rates

The Guardian - AU · May 10, 2023

Federal budget 2023: Does a budget focused on the cost of living mean inflation and interest rates could get worse?

Treasurer Jim Chalmers is adamant that his budget will not make inflation worse and force the Reserve Bank's hand on interest rates — but economists are divided, with some saying it paves the way for a rate hike in the coming months.

ABC News · May 9, 2023

Inflation rate to halve, bringing wage growth by 2024, federal budget predicts – with hope of mortgage relief

Australia’s economy remains resilient as global growth slows to its worst performance in more than two decades

The Guardian - AU · May 9, 2023

Inflation will decline faster than previously forecast as Australian economy slows, RBA says

The Reserve Bank’s quarterly statement on monetary policy predicts that the underlying inflation rate will end the year at 4%

The Guardian - AU · May 5, 2023

RBA's rate hikes creating inflation, Ross Garnaut says, calling for radical overhaul of economic policy

Pointing to big changes that have greatly affected Australia's capacity to deliver rising standards of living, top economist Ross Garnaut calls for a major policy overhaul.

ABC News · May 4, 2023

New Zealand interest rates are still rising — now mortgage stress data reveals how households are coping

New data reveals how New Zealand households that have been under interest rate pressure for more than 18 months are managing to make ends meet.

ABC News · May 4, 2023

Alan Kohler: Why this week’s RBA meeting was different

Jim Chalmers is touting 'responsible' spending. Can it be “responsible” in the context of the battle by the RBA to slay inflation?

The New Daily · May 3, 2023