The Latest Breaking News from the Reserve Bank

Pay close enough attention to parliament these next few days, and you’re likely to witness something truly remarkable: politicians from both sides of politics uniting to remove the power of politicians to overrule the Reserve Bank.

In a significant step towards reforming Australia’s Reserve Bank, Treasurer Jim Chalmers has stepped outside the bank and outside of Australia to select Andrew Hauser, a British economist, as its new deputy governor.

Consumers hit the pause button on spending in the lead up to the Black Friday sales period, official retail trade data suggests.

Bank of England's Andrew Hauser will be the next deputy governor of Australia's central bank, bringing a "fresh, global perspective" to the key institution.

After weeks of negotiations, incoming PM Christopher Luxon announces that populist Winston Peters and libertarian David Seymour will share deputy role

Greens Senator Barbara Pocock – who has a background in economics and industrial relations and formerly worked at the Reserve Bank, in the federal public service and as an academic – has been in parliament only since the 2022 election, But she has already made a mark.

Since Australia’s Reserve Bank hiked interest rates two weeks ago, there have been two important developments – one in the United States and the other in the United Kingdom.

The federal government has just announced a list of projects to be abandoned as a result of an independent strategic review of its infrastructure investment program.

I COMPLETELY agree with Bradley Perrett's vision for the remaining Honeysuckle development ("Honeysuckle idea simply sucks", Newcastle Herald, 10/11), the supposed centrepiece of the city's waterfront development. No one would deny the need for more social and affordable housing, but not on the remaining section of Honeysuckle. There is an…

Workers' wages have been growing strongly in a tight labour market, with new data set to show how quickly pay packets are expanding.

Inflation is still expected to return to the Reserve Bank of Australia's target band by the end of 2025 but is proving to be more persistent than expected.