The Latest Breaking News from the Reserve Bank

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.

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.

A day after the Reserve Bank controversially raised interest rates, new data shows living costs are at an all-time high and businesses are contracting, prompting concerns a recession may be on the horizon.

Three premiers have taken aim at the RBA over rapidly rising interest rates, following Tuesday's decision to impose another hike.

Central bank raises cash rate by 25 basis points to 3.85% in defiance of most economists’ predictions

The Reserve Bank has resumed heaping pain onto Australian home owners, raising interest rates in May for the eleventh time in a year.

Experts are split on whether the Reserve Bank will return to hiking interest rates at its May meeting this week.

n a move that runs counter to history and convention, the Greens will seek changes that would see interest rates capped and rents frozen.

Former prime minister Paul Keating says it would be an error for the Parliament to remove a power that allows the government to overrule the Reserve Bank's actions.

High prices are hurting renters and low-income households

Australia’s inflation rate has fallen from its 30-year high of 7.8% in the December quarter of 2022 to 7.0% in the March quarter of 2023. But it’s still likely the Reserve Bank of Australia will push up interest rates again before the end of the year to drive inflation back…