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The Latest Breaking News from RBA

Australia’s June quarter inflation falls to 6%, ABS reports

Drop was more than expected by economists, increasing likelihood the Reserve Bank will extend its interest rate pause next week

The Guardian - AU

Rent Increases Are Forecast To Decrease Soon So Here’s Why And Everything We Know So Far

Finally some good news.

Pedestrian.tv

Unemployment rate falls to 3.5% as the economy adds 32,600 jobs in June on latest ABS figures

The bureau of statistics labour numbers will be examined closely by the Reserve Bank when it meets on August 1 to consider interest rates

The Guardian - AU

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Aussie unemployment rate hangs on at 3.5 per cent

The labour market has proved resilient, with the jobless rate coming in at 3.5 per cent and 33,000 new jobs added to the economy.

AAP

Outlook for economic activity slightly more upbeat

Australia's economic growth is still tracking towards lower-than-usual performance despite future-looking indicators showing a glimmer of improvement.

AAP

Albanese says it’s ‘dumb’ to expect change without Indigenous voice in talkback radio clash

PM tells 2GB radio’s Ben Fordham that media have a responsibility not to ‘raise red herrings’ after being repeatedly questioned over impacts of voice proposal

The Guardian - AU

Afternoon Update: sport organisations condemn Commonwealth Games axing; Rome braces for record heat; and 2007 iPhone sells for $279,000

Premier Daniel Andrews has cited a cost blowout to $7bn as the main reason for pulling the event

The Guardian - AU

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Economy could slow more than the Reserve Bank expected, latest RBA minutes reveal

Bank left cash rate unchanged in July and meeting minutes state squeeze on households means consumption could slow ‘more sharply than implied by the current forecasts’

The Guardian - AU

Senator says treaty ‘the only way forward’ – as it happened

This blog is now closed.

The Guardian - AU

Growth fears, expiring fixed rates fuelled RBA's pause

The Reserve Bank board had another tough choice between hitting pause on interest rates or delivering another hike at its last meeting.

AAP

First female RBA governor to bring 'reform agenda'

The incoming governor of the Reserve Bank, Michele Bullock, will have a full plate overhauling the major institution and laying out new ground rules.

AAP

PM says time to get ‘yes’ case rolling – as it happened

This blog is now closed.

The Guardian - AU

Easing global inflation story takes pressure off rates

Moderating inflation around the world could help the Reserve Bank build the case for an extended pause on interest rates.

AAP

'I have a mountain of respect' for Lowe: Treasurer

Treasurer Jim Chalmers is unable to say if inflation can come back down without a rise in unemployment but declined to comment on the RBA's July rate decision.

AAP

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The Guardian - AU

Hundreds charged after NSW domestic violence operation; South Australia moves to ban no cause evictions – as it happened

This blog is now closed.

The Guardian - AU

Michele Bullock spells continuity at RBA – but respite unlikely for borrowers

The new chief was one of the board members raising interest rates, but has been brought in to reform the central bank

AAP

New RBA governor to send the right message on rate talk

A leading economist says the Reserve Bank's new governor brings monetary policy credibility while the treasurer praises her leadership and communication skills.

The Guardian - AU

Why was Philip Lowe not reappointed as RBA governor? We can rule out interest rates as a reason

Lowe made three key mistakes – targeting house prices before the pandemic, misleading about future rate rises and ignoring cultural problems within the RBA

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The Independent UK

Australia appoints first female governor in central bank’s history

Michele Bullock will start her seven-year term as Reserve Bank of Australia governor this September

The Guardian - AU

Afternoon Update: cautious welcome for new RBA governor; Peter van Onselen loses case; and watch Fran Drescher’s fiery Hollywood strike speech

Labor hails appointment of first female Reserve Bank boss as ‘historic moment for Australia’

The Guardian - AU

RBA lifer Michele Bullock may have the luck of playing good cop to Philip Lowe’s bad

The Reserve Bank of Australia’s first female governor will begin her appointment at or very near the end of the cycle of rate rises

Al Jazeera

Australia names first woman to lead central bank

Michele Bullock will take over as governor of the Reserve Bank of Australia in September.

The Conversation

Meet Michele Bullock, the RBA insider tasked with making the Reserve Bank more outward-looking as its next governor

Australia’s next Reserve Bank governor, Michele Bullock – the first woman in the job – will take office in September at a time when much of the bank’s work in fighting inflation will be done and its focus will be on changing the way it operates.

The Guardian - AU

Michele Bullock: what you need to know about the RBA’s new governor

The Reserve Bank ‘lifer’ will succeed Philip Lowe in the top job. Who is Michele Bullock and what has been the reaction to her appointment?

AAP

'Country girl' elevated to vital national economic role

The Reserve Bank of Australia will have a new governor from September in veteran central bank official Michelle Bullock.

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