The Latest Breaking News from RBA

Australia’s economy loses steam as interest rates bite

Australia’s economy continued to slow over the final three months of 2022 as households tightened their belts, new official data has revealed.

Magistrate says she ‘didn’t understand’ why police imposed bail on woman, 23, who was charged with trespass after protest last month

The latest economic growth figures are expected to show a robust economy. But the outlook for 2023 is far less rosy, warn many analysts.

Fears of a recession in early-2023 are set to be eased on Wednesday as experts prepare for robust economic growth.

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.

While the banks have been quick to pass on RBA’s every cash rate increase, they have not matched all the decreases since June 2019

Increasing profits going to corporate Australia account for more than two-thirds of the nation's inflation problem, according to new research from the Australia Institute.

New analysis challenges the narrative that workers need to accept sluggish wage growth to tame inflation and says business profits are driving higher prices.

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

The RBA tells us the pain is only temporary and for the best, but it could be here for a while. Here’s why