The Latest Breaking News from RBA

New Zealand lifts interest rates by another 0.5 percentage points, Australian shares follow Wall Street sharply higher as investors bet central banks will slow down their pace of interest rate hikes, and Elon Musk revives deal to buy Twitter at original price ahead of courtroom showdown.

A higher US dollar isn't great news for global trade, but some Australian businesses are able to benefit and travellers have reason to smile as well.

The Reserve Bank of Australia is still prepared to keep lifting interest rates, even as more households struggle financially, with many now seeking food relief.

The central bank has shifted gears and moderated its rate hikes, with some economists concerned this could prolong the rate hiking cycle.

The treasurer was used to empathising with borrowers after the RBA’s ‘supersized’ rises – instead, he got to talk about the budget

The Reserve Bank is "near the summit" in its uphill battle to curb the fastest rate of inflation in a generation, economists say.

Reserve Bank of Australia lifts key rate by 0.25 percentage point in nod to uncertain global economic outlook.

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The sixth consecutive rate rise may impinge on Labor's budget plans.

The RBA took its foot off the accelerator approving a smaller interest rates rise as the battle to curb inflation enters a new phase. 

RBA on Tuesday raised its cash rate 25 basis points as it seeks to stifle inflation