The Latest Breaking News from Reserve Bank

Readers might not like it, but it’s clear which politician has been most brutally effective in 2024.

A person with long experience in the financial services sector, Marnie Baker, and a distinguished academic economist, Renée Fry-McKibbin, have been appointed to serve on the Reserve Bank’s new monetary policy board:

The RBA governor continues to shoehorn basic economic facts into her narrow neoliberal worldview — at our expense.

Growth has slowed but employment is up – could the new year bring mortgage repayment relief?

The economic picture that emerged this week reflects the pressures many Australians are facing – and the crux of the next election

As she reads the economic commentators, Reserve Bank Governor Michele Bullock might, in moments of doubt, wonder whether she’s making a similar misjudgement to her predecessor Philip Lowe.

Climate change poses economic and social risks which can affect the workings of the financial system – the complex interaction of financial institutions and markets. Central banks, as the custodians of stable financial systems and stable prices (low, stable and predictable inflation), have a responsibility to ensure that financial systems…

On Thursday night, after a whirlwind day in Canberra, the Senate finally passed the federal government’s long-delayed amendments to the Reserve Bank Act.

Long-stalled Reserve Bank reforms have finally got the go-ahead, allowing the formation of separate monetary policy and governance boards.