The Latest Breaking News from RBA

Reserve Bank governor Philip Lowe has defended his COVID response, saying that pinning interest rates to the floor in 2020 was the “right policy choice”.

Rising interest rates are slamming the brakes on a global housing boom that spread far beyond the U.S. during the pandemic, heaping extra pressure on central banks as they try to tame inflation without triggering deep downturns in their economies.

Victoria’s corruption watchdog will release its findings into allegations of branch stacking and misused taxpayer funds in the Andrews government, with the state opposition claiming the public should see the evidence filed by Andrews before the November state election. It’s the news you need to know with Emma Elsworthy.

A senior RBA official is confident households can withstand more rate rises but flagged concerns over high debt levels.

A Reserve Bank of Australia review is set to examine whether its long-standing inflation target should remain.

An international expert on monetary policy, Carolyn Wilkins, is one of a three-member panel that will conduct a broad review of the Reserve Bank, including its objectives and the interaction of monetary and fiscal policy.

Home owners are facing another $650 rise in their mortgage bills within months as the economy is pushed to the brink to curb inflation.

With the RBA and other central banks winding up cash rates, term deposit rates and even interest rates on savings accounts have started to rise. 

Deputy reserve bank governor, Michele Bullock, says most Australians are ‘well placed’ to absorb the impact of rate rises