The Latest Breaking News from the Reserve Bank

Liberal MP claims the Reserve Bank has been soft on inflation. Labor says questioning the RBA’s dual mandate amounts to a ‘plan for higher unemployment’

Minutes from the Reserve Bank's latest meeting reveal the thinking behind its call to lift interest rates for the first in more than two years.

Economists and the central bank might see a roaring economy but workers and mortgage holders still feel like they’re doing it tough

The Reserve Bank of Australia (RBA) has lifted the cash rate by 25 basis points to 3.85%, adding to pressure on households and businesses. While the move was widely expected by markets and most economists, the Reserve Bank says inflation risks remain too high to be comfortable.

The Reserve Bank has revised up its prediction for core inflation, with price growth expected to remain above its midpoint target despite higher interest rates.

This blog is now closed

Mortgage holders could face back-to-back rate hikes after the Reserve Bank raised interest rates amid rising inflation pressures.

The Reserve Bank is widely tipped to become the first major central bank on Tuesday to U-turn from rate cuts to rate hikes in the post-COVID inflation era.

Spending blow-outs by the government will force the Reserve Bank to hike rates, critics say, but the treasurer argues the private sector is driving inflation.