The Latest Breaking News from Reserve Bank of Australia

The Reserve Bank of Australia is facing a major overhaul that would change how interest rates are set after a review into its future.

Former governor Bernie Fraser says the Reserve Bank of Australia's attempt to improve the welfare of all Australians has been undermined by decades of neoliberalism.

The Reserve Bank of Australia (RBA) raises interest rates for the 10th consecutive meeting, taking the cash rate target to 3.6 per cent.

The Reserve Bank of Australia lifts the cash rate to 3.6 per cent, and the local share market closes higher. Look back on the day's events and insights from our business reporters on the ABC News markets blog.

The RBA lifted the cash rate to 3.60 per cent.

Cherish Kuehlmann woken up by officers who ‘barged into the house’ and took her to a police station, where she was charged with a trespass offence

The house was previously on the market for 127 days.

It’s a tough time for central bankers the world over, but especially for Reserve Bank of Australia governor Philip Lowe.

The election of the Hawke Labor government on March 5 1983 began an era of once-in-a-century economic reforms that opened the Australian economy to the world. It floated the dollar, eliminated controls on international capital flows, and dismantled the high tariffs that protected local manufacturers from imports. It refocused Australia’s…