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The Latest Breaking News from the Reserve Bank

Inflation-wary Reserve Bank spells long wait for cuts

Stalling progress on inflation has the central bank on high alert as political sparring continues over the impact of state and federal budgets on prices.

AAP · Jun 18, 2024

Treasurer touts ‘responsible’ 2024 NSW budget in tough economic times – but others will make that call

Rating agencies and the RBA among those marking the treasurer’s handiwork which he says is focused on spending restraint

The Guardian - AU · Jun 18, 2024

Australian shares finish lower as RBA decides on rates

The ASX200 has fallen 0.3 per cent, with losses for uranium producers and gains for goldminers, as investors await the outcome of the RBA's two-day meeting.

AAP · Jun 17, 2024

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'Barely growing': economy limping as rate pain builds

The economy is still expanding - but only just - after households opened the purse strings for concerts and other one-off events in the March quarter.

AAP · Jun 4, 2024

Minimum wage workers in Australia to get a 3.75% pay rise over the next 12 months

Fair Work Commission lifts minimum wage to $24.10 an hour from July, with the rise outpacing the government’s forecast inflation rate

The Guardian - AU · Jun 3, 2024

Top economists give budget modest rating and doubt inflation will fall as planned

Asked to grade Treasurer Jim Chalmers’ third budget on his own criteria of delivering on “inflation in the near term and then growth in the medium term”, most of the 49 leading economists surveyed by the Economic Society of Australia and The Conversation have failed to give it top marks.

The Conversation · May 26, 2024

What’s the difference between fiscal and monetary policy?

This article is part two of The Conversation’s “Business Basics” series where we ask leading experts to discuss key concepts in business, economics and finance.

The Conversation · May 20, 2024

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'Abandoning customers': lenders fail battling borrowers

Mortgage stress in Australia is at its highest level since the global financial crisis but many borrowers are finding it too hard to get help from their bank.

AAP · May 19, 2024

Is the 2024 budget inflationary? Warwick McKibbin and other economists say ‘yes’

Former RBA board member among experts who say Albanese government’s third budget is likely to at least delay next interest rate cut

The Guardian - AU · May 15, 2024

Those calling for higher interest rates in Australia should be careful of what they wish for

We need to avoid replicating the experience of the 1990s, when taming inflation involved destroying the economy

The Guardian - AU · May 8, 2024

Markets simmering as five-day rally peters out

The ASX200 closed marginally higher across most sectors as a medical tech company recorded eight per cent growth in one day.

AAP · May 8, 2024

Treasurer worried about home building pipeline

Not nearly enough houses are being built to meet growing demand but the federal government is still confident it can meet its 1.2 million homes target.

AAP · May 7, 2024

Inflation in Australia is still stubbornly high. Will the RBA raise interest rates again?

With hopes for a rate cut gone, there is speculation of another rise before the end of 2024. What factors will sway the Reserve Bank’s decision?

The Guardian - AU · Apr 30, 2024

Does Australia’s higher-than-forecast 3.6% inflation dash hopes for an interest rate cut?

The March-quarter figure makes a cut less likely. Still, the Reserve Bank will probably give more weight to how quickly it can get to its target range

The Guardian - AU · Apr 25, 2024

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The Hindu · Apr 24, 2024

RBI imposes business curbs on Kotak Bank for IT infra deficiency

RBI directs Kotak Mahindra Bank to stop new customer onboarding and credit card issuance due to IT compliance issues.

Al Jazeera · Apr 19, 2024

‘Triple spending’: Zimbabweans bear cost of changing to new ZiG currency

Businesses, transport, government services reject old notes despite the unavailability of new bills until end of month.

The Guardian - AU · Apr 18, 2024

Australia’s unemployment rate rises to 3.8% in March as employers shed more than 6,000 jobs

Reserve Bank and Treasury had predicted unemployment rate would rise from February’s 3.7% as interest rates bite

Top News · Apr 17, 2024

South Africa Inflation Slows, Rate Cuts Not Imminent

South Africa's decreasing inflation rate signals positive economic trends, but caution is advised for immediate rate cuts.

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The Guardian - AU · Apr 10, 2024

Talk of interest rate cuts soon is optimistic – here’s why the RBA may decide doing nothing is safer

Australians are hurting from rate rises more than anyone. But that doesn’t mean the Reserve Bank is about to start cutting

AAP · Apr 2, 2024

Rate hike talk ditched as RBA keeps options wide open

Minutes from the last Reserve Bank of Australia board meeting suggest everything is going according to plan - for now.

The Guardian - AU · Mar 22, 2024

Afternoon Update: one in 20 mortgage holders spending more than they earn; Reddit shares soar; and a crocodile in a service station

Reserve Bank says share of mortgage holders under pressure should halve by the end of 2025

The Guardian - AU · Mar 22, 2024

One in 20 Australian mortgage holders are spending more than they earn

Reserve Bank says households are generally weathering the record run of interest rate rises but 5% of owner-occupiers are in a dire financial position

The Guardian - AU · Mar 20, 2024

Now is not the time to do anything more to slow the economy – it’s already in danger of stalling

The Sahm rule lets us get in front of recessions – so alerts should be flashing in the Treasury and RBA

AAP · Mar 19, 2024

Australian shares gain ground after dovish RBA meeting

The ASX200 has finished up a third of a percentage point after the Reserve Bank moved to a more neutral stance on interest rates, dropping its tightening bias.

The Guardian - AU · Mar 12, 2024

Interest rate rise unlikely after sluggish quarter of GDP growth, Australian economists say

Spending on Taylor Swift concerts defies pattern of consumers tightening their belts, with CBA predicting a September rate cut

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