The Latest Breaking News from Reserve Bank

Rate rise expected on Melbourne Cup day likely to be followed by higher inflation outlook

Two of Australia’s biggest banks predict the Reserve Bank will revise the inflation rate to 8% – the highest since March 1990

The Guardian - AU · Oct 28, 2022

In an economy blighted by inflation, Australians like Dimuthu are collateral damage

Dimuthu Peterson is building a home and is trapped between rising rates and rents. The Perth mother feels hopeless in the current economy dogged by inflation.

ABC News · Oct 27, 2022

RBI to hold special MPC meet on November 3 on preparing inflation report

MUMBAI: The Reserve Bank has called a special meeting of the Monetary Policy Committee (MPC) on November 3 to prepare a report on its failure to keep retail inflation below 6 per cent for three consecutive quarters.

The Times of India · Oct 27, 2022

Sydney house prices have dropped by 10 per cent this year, according to latest data

House prices in Sydney fell by 10 per cent since the peak in February, with the median value in the city dropping to $1,042,276.

ABC News · Oct 25, 2022

More than $100,000 wiped from Sydney property prices as rate hikes bite

Property prices are plunging fast as rising interest rates push down property prices, leaving the market mired in uncertainty.

The New Daily · Oct 24, 2022

Previously-Secret Documents Reveal The Reserve Bank Reckons House Prices Are Set To Drop By 20%

The Reserve Bank of Australia predicts house prices could fall by 20% by the end of 2024, which would be the biggest drop since the 1980s.

Pedestrian.tv · Oct 24, 2022

Jim Chalmers is ignoring his own warnings of a possible recession

The Treasurer appears to be ignoring his own warnings ahead of the federal budget about the need to be prepared for a global recession.

The New Daily · Oct 20, 2022

Global recession looks likely. Even if Australia escapes it, we are in for a bad couple of years

Economics is confusing at the best of times. But, at the moment, it’s downright counter-intuitive.

The Conversation · Oct 19, 2022

Our environmental responses are often piecemeal and ineffective. Next week's wellbeing budget is a chance to act

Treasurer Jim Chalmers’ federal budget next week will for the first time include a section on wellbeing, which aims to measure how well Australians are doing in life.

The Conversation · Oct 19, 2022

New Zealand inflation near record high as wisdom of interest rate rises questioned

Latest figures defy widespread predictions inflation would fall, as the central banks readies an ‘outsized’ rate hike

The Guardian - AU · Oct 18, 2022