RBA

Retail trade springs back after warmer weather

3 October

Warmer-than average weather and Father’s Day sales spurred on an early spring blitz to the shops in a boost to retail figures. Australian Bureau of Statistics figures showed retail spending grew 0.7 per cent in August and increased 3.1 per cent in...[Read More]

Power subsidies and cheaper petrol drive down inflation

26 September

A drop in inflation has been welcomed as a small respite for struggling shoppers but households are being warned prices are set to bounce around and not come down in a straight line. Inflation cooled to 2.7 per cent in the 12 months to August, down...[Read More]

Don’t put money on rates relief soon, borrowers warned

26 September

There are still no plans to cut interest rates soon as the Reserve Bank held the cash figure steady for what will be a calendar year. The RBA wants more signs inflation is under control before it will consider lowering rates, Governor Michele...[Read More]

Resilience of jobs market put to test

19 September

Focus will be on cracks forming in the jobs market for confirmation they are widening at a pace the Reserve Bank is comfortable with. Thursday’s labour force data from the Australian Bureau of Statistics is expected to show the jobless rate...[Read More]

Rates veto power must stay: Greens issue RBA demands

12 September

Fizzling Reserve Bank reforms could be revived if the federal government is prepared to keep its veto power of interest rate decisions and meet other demands from the Greens. The minor party also wants the RBA to maintain its ability to direct...[Read More]

Cafe, pub splurge short-lived as consumer pain persists

19 September

Pubs, restaurants and cafes reaped the benefits of early Father’s Day celebrations but the boost was likely temporary as financial pressures keep a lid on consumer spending. Hospitality spending jumped 5.2 per cent in August, based on Commonwealth...[Read More]

Hiring go-slow ongoing as RBA keeps sights on inflation

12 September

Demand for labour will need to taper off further to tame inflation, with Australia’s central bank expecting firms to trim staff hours and keep the handbrake on new hiring. Reserve Bank assistant governor Sarah Hunter said Australia’s labour...[Read More]

Inflation steps down but ladder still steep for RBA

29 August

Fruit and vegetable prices are blowing out grocery bills but electricity rebates and petrol prices are driving down inflation. The monthly consumer price index rose 3.5 per cent over the 12 months to July, a touch higher than the 3.4 per cent...[Read More]

Rate-cut hopes hit brick wall as RBA cements stance

22 August

Mortgage-holders could be waiting until early 2025 for repayment relief if the economy follows the Reserve Bank of Australia’s expected path. For six meetings in a row, interest rates have been left at 4.35 per cent, a level the central bank says...[Read More]

Beware of economic ‘false prophets’, warns Reserve Bank

15 August

Commentators framing their economic projections as unquestionable and obvious should be treated with caution, says Reserve Bank of Australia’s deputy governor, Andrew Hauser. In a speech to the Economic Society of Australia in Queensland, Mr...[Read More]

Moderating wage pressures may come as a relief

15 August

Private sector wages are growing at the lowest rate in more than two and a half years as the cooling jobs market tempers pay negotiations. Moderating wage pressures may come as a relief for an RBA preoccupied by persistent inflation and companies...[Read More]

RBA governor warns rate cuts not on near-term agenda

8 August

Mortgage-holders have a while to wait for repayment relief as the head of the Reserve Bank of Australia warns a near-term interest rate cut is not on the cards. Australia’s central bank left interest rates unchanged at 4.35 per cent as widely...[Read More]

Rates remain on hold, RBA still wary of inflation risks

8 August

The Reserve Bank of Australia has kept interest rates unchanged and reworked its forecasts, with inflation returning to target by the end of the year before bouncing back towards the end of 2025. The key interest rate was left unchanged at 4.35 per...[Read More]

Door swings shut on rate rise following inflation data

1 August

Australian mortgage-holders and businesses appear to have dodged another interest rate hike following an inflation reading that takes pressure off the central bank. Households are still being hit with higher prices for everything from fruit to fuel,...[Read More]

Inflation up in first annual rise since late 2022