The Latest Breaking News from Philip Lowe

Australia has recovered better than most from the COVID pandemic. As measured by gross domestic product (GDP), the economy is now 7% larger than it was before the pandemic.

The Reserve Bank says it’s fighting a war on inflation, but it could easily be construed as a war on the average Australian.

A government-ordered review of the Reserve Bank — the first in more than a generation — is expected to ask searching questions of our key financial institution. The leadership of the central bank, the composition of its board, missed targets and broken promises are all elements under examination.

If we can’t agree that generous tax concessions provide benefits to people who really don’t need help, while depriving the budget of funds for things we all need, things are really cooked

Australia Institute warns of a ‘profit price spiral’ and calls for shift in RBA and government narrative towards corporations

While Australian individuals and small businesses struggle with inflation and a high cost of living, large corporations are reporting record profits.

There are plenty of younger Knights players who could be blooded in that wing position.

Are the Reserve Bank’s decisions to keep hiking the cash rate damaging the Albanese government’s economic credentials?

The Reserve Bank's board minutes will be scoured for fresh insights into the central bank's cash rate decisions and how many more hikes are to come.

RBA releases documents under FOI after Jim Chalmers said decision to feature Indigenous culture instead of monarch was bank’s

The first thing is that inequality is worsened by the responses to both low inflation and high inflation; it’s a lose/lose.