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The Latest Breaking News from Michele Bullock

The RBA has only one tool to fight inflation with – and households are being hammered

No homeowner under the age of 55 has had to cope with interest rates rising like this

The Guardian - AU

Inexperienced Bullock puts pandering to inflation hawks ahead of Australians

The RBA governor says there’s still a risk of a wage-price spiral, and as many households are doing well more monetary punishment is needed.

Crikey

The Reserve Bank’s 13th interest rate rise is tightening the squeeze. But a pre-Christmas shock looks unlikely

RBA governor Michele Bullock’s debut rate rise as governor looks unlikely to be repeated next month

The Guardian - AU

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Why it's a good bet the RBA's Melbourne Cup Day interest rate hike will be the last

Australia just became the odd one out.

The Conversation

Australian central bank lifts benchmark cash rate to 4.35% with 13th hike

Australia’s central bank has lifted its benchmark interest rate for the first time since June with a quarter percentage point hike that brought the cash rate to a 12-year high of 4.35%

The Independent UK

If interest rates rise again, it may be because inflation fears lost their anchor to reality

The issue of ‘consumer expectations’ of inflation is hotly debated by economists, and might be a key factor in the Reserve Bank’s decision

The Guardian - AU

Gyrocopter crash kills pilot in Victoria; warning over supermarket surveillance – As it happened

All the day’s news as it unfolded

The Guardian - AU

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Will they, won't they? All eyes on RBA Cup Day meeting

Stubbornly high inflation has raised the chances of a November interest rate increase by the central bank, putting more financial pressure on borrowers.

AAP

Grattan on Friday: Treasurer Jim Chalmers pumps up his role in energy transition

Jim Chalmers – as if he doesn’t have enough on his plate – is marching into the centre of energy policy.

The Conversation

Think the RBA will lift rates on Melbourne Cup day? Don't bet your house on it

Each of Australia’s big four banks is now predicting a rate rise in six days’ time on Melbourne Cup Tuesday. It would add another A$77 to the monthly cost of servicing a $500,000 mortgage and be enough to take the total extra monthly impost since rates began climbing to more…

The Conversation

Auction jump ahead of expected Cup day rate hike

An expected rate hike on Melbourne Cup Day has impacted the number of homes going under the hammer, with clearance rates tipped to jump.

AAP

Grattan on Friday: Cost-of-living crisis is the dragon the government can't slay

At a White House briefing early this week, Joe Biden’s press secretary, Karine Jean-Pierre, was asked whether there’d been any thought of postponing Anthony Albanese’s state visit because of the Middle East conflict.

The Conversation

What you missed on Senate estimates, day four

The Canberra Times

Afternoon Update: US mass shooting kills at least 16; Sydney woman found dead identified; and Gen Z want less sex on screen

A man is reported to have opened fire at a bowling alley and bar in Maine’s second-largest city of Lewiston in the US

The Guardian - AU

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news in one place.

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AAP

Australian stocks plunge again to new low for 2023

The local share market has finished at its lowest level in a year amid war in the Middle East, rising bond yields and expectations of more rate hikes.

The Guardian - AU

RBA governor says inflation bump no surprise but won’t say whether rates will rise

Michele Bullock tells Senate estimates ‘we might need to go again’ as Westpac joins other big banks in predicting November rate rise

Crikey

Michele Bullock and the fine art of painting oneself into a corner

With the Reserve Bank governor repeatedly saying she has a low tolerance for inflation, she’s put pressure on herself to lift rates.

AAP

RBA 'wary' more rate hikes needed to beat inflation

The head of the Reserve Bank admits decision-makers "don't know if the job is done yet" when it comes to interest rate tightening to combat inflation.

Get all your
news in one place.

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The Guardian - AU

Grim end to year predicted for Labor with high chance of at least two more interest rate rises

Strong quarterly inflation figures sends market scrambling as odds on for interest rate hike at Reserve Bank’s Melbourne Cup Day meeting

The Conversation

Petrol is holding up inflation – the 7 graphs that show what's happening to prices and what it will mean for interest rates

Today’s figures from the Australian Bureau of Statistics show inflation fell in the September quarter for the third consecutive quarter.

The Guardian - AU

Eight more Australians leave West Bank – as it happened

This blog is now closed

The Guardian - AU

Michele Bullock rules out linking interest rates to employment in first major speech

New RBA governor says she’s working with treasury to ‘modernise and clarify’ the bank’s objectives with the focus still on inflation

AAP

Fingers crossed for soft enough inflation numbers

Inflation has passed its peak and quarterly data will indicate if prices have been decelerating fast enough for the Reserve Bank to keep interest rates on hold.

The Guardian - AU

RBA’s top two executives saw 10% pay increase over past year, report reveals

Annual report notes Philip Lowe and Michele Bullock’s remuneration increase was recommended by an independent committee

AAP

'Low tolerance' for slower return to target: RBA

Australia could be galloping towards a Melbourne Cup interest rate rise if progress on inflation proves too slow and the labour market too resilient.

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Annastacia Palaszczuk

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