The Latest Breaking News from Reserve Bank

The election year has begun with the prime minister making his first major promise as he embarks on a whirlwind cross-country crusade.

The ASX200 finished a quarter of a per cent higher as traders digested Reserve Bank minutes indicating officials remain concerned about inflation.

A dovish tilt was detected in the Reserve Bank's last post-meeting comments, so traders will hope for more traces of an upcoming rate cut in its board minutes.

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:

Renée Fry-McKibbin and Marnie Baker will sit on the RBA’s new board, which follows the government’s reform of the central bank

Two new faces will serve on the Reserve Bank of Australia's rate-setting board, with the government defying calls from the coalition for continuity.

Wednesday’s mid-year budget update will downgrade company tax receipts  by $8.5 billion over the four years to 2027-28, and show “slippage’ in the bottom line in some years of the forward estimates, Treasurer Jim Chalmers says.

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…