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The Latest Breaking News from Michele Bullock

Inflation 'quirks' unlikely to spook Reserve Bank board

Hopes of a rate cut have slipped after a shock surge in inflation, but it's not off the cards yet with more data to come before the next Reserve Bank meeting.

AAP

Inflation update to shape further rate cut expectations

A particularly weak inflation print on Wednesday could raise hopes for a back-to-back Reserve Bank interest rate cut next month.

AAP

Australia’s women remain an untapped resource in the hunt for productivity

Female empowerment is more than just ‘nice to have’, as I was once told in the halls of parliament. It’s good economic policy

The Guardian - AU

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Trade and skills under spotlight in 'promising' talks

The treasurer has sung the praises of the government's long-awaited roundtable after hours of discussions on productivity, trade and technology.

AAP

Jobless fall gives RBA room before next rate cut

The unemployment rate slid to 4.2 per cent in July, partly because of an unwinding from an earlier, outsized jump, the Australian Bureau of Statistics reports.

AAP

Real wages boost for workers, but costs might worry RBA

Strong annual growth in wages will be noted by the Reserve Bank as it collates data leading up to its next decision on whether to cut interest rates.

AAP

Three more interest rate cuts may be on the way. But when is increasingly looking like anyone’s guess

The prospect of lower rates is good news, but Michele Bullock’s vision for the future appears blurrier

The Guardian - AU

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The RBA has cut rates for the third time this year. More relief may be on the way

The Reserve Bank of Australia lowered the official interest rate by 25 basis points to 3.60% at its meeting today, marking the third cut this year. The move follows reductions in February and May, and comes after a pause in July that surprised analysts and upset mortgage holders.

The Conversation

Productivity a tough puzzle for central bank boffins

The Reserve Bank of Australia has delivered a pessimistic assessment of Australia's productivity potential, ahead of the government's economic roundtable.

AAP

Relief for borrowers as Reserve Bank cuts cash rate to 3.6% – and flags potential for two or three more

RBA also warns of ‘persistently’ lower productivity growth than previously expected as it reveals interest rate decision

The Guardian - AU

Rates cut but borrowers told not to bank on more relief

The cash rate has been cut to its lowest level in more than two years, as the Reserve Bank resisted the temptation to wrong-foot analysts twice in two months.

AAP

Hopes RBA won't repeat shock rates hold as board meets

The "Trumpification" of the US Federal Reserve provides an unsettling backdrop to the Reserve Bank's August meeting, where it is expected to cut interest rates.

AAP

The politics of falling inflation has been clear – lower is better. But Australia should beware its flip side: slow growth

There’s no convincing argument for the RBA not to cut interest rates on 12 August as economists say they are acting as a brake on the economy

The Guardian - AU

Inflation slows again — but is it enough for the Reserve Bank to cut interest rates?

Inflation is moving in the right direction, but new figures released today may not be soft enough to trigger a cut in official interest rates in August.

The Conversation

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AAP

Rate cut looms as inflation result brings RBA 'comfort'

The Reserve Bank should have "all the comfort it needs" to cut interest rates again in August after underlying inflation fell to a three-and-a-half year low.

The Guardian - AU

Indebted homeowners cry out for relief but RBA won’t be rushed as key inflation data looms

Consumer price figures released on Wednesday will determine if millions of mortgaged Australians will get a rate cut next month, economists say

The Conversation

Reserve Bank says unemployment rise was not a shock, inflation on track

Reserve Bank Governor Michele Bullock has fleshed out the central bank’s thinking behind its surprise decision to keep interest rates on hold this month.

AAP

Aussie dollar hits eight-month high as shares slide

The Australian dollar has climbed above 66 US cents for the first time since early November, while the ASX200 closed 0.3 per cent lower.

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The Guardian - AU

RBA wary of cutting rates until it has more evidence on inflation, Bullock says

Governor defends cautious approach, saying price pressures have been brought under control without surge in unemployment

AAP

RBA not swayed by jobless spike as next rate call looms

Reserve Bank governor Michelle Bullock has pushed back on rate cut expectations and weighed in on Donald Trump's pressure on Fed chair Jerome Powell.

AAP

The 'critical' data that could greenlight next rate cut

Economists await key quarterly data that could put the odds firmly in favour of an August interest rate cut, as the Reserve Bank sheds light on its shock hold.

AAP

Consumer win in card surcharge cut as business bristles

Scrapping surcharges could save Australians about $1.2 billion, but small businesses think they will have to foot the bill.

AAP

Slow rate of cuts puts squeeze on business, households

Businesses and mortgage-holders banking on a cut to interest rates will have to wait more than a month before the next opportunity for financial stimulus.

The Guardian - AU

Afternoon Update: RBA’s surprise decision; how world reported mushroom verdict; and Valerie the dachshund’s new job

The decision came as a shock to financial markets and a large majority of experts who were sure the RBA board would cut interest rates for a second straight meeting

AAP

'Get on with it': next move key with rate cut baked in

With markets all but assured the Reserve Bank board will cut interest rates at its upcoming meeting, the bigger question for traders is what they say next.

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