The Latest Breaking News from Reserve Bank

As charities report increases in workers needing support amid rising living costs, the Reserve Bank is forecasting household pressures will increase as fixed-term home loans end.

Ampol says there are trade-offs to be made between living costs, fuel security and the energy transition.

Stats NZ publishes a figure for consumers price index plus interest payments, that undermines Government's claim that 'inflation has peaked'. Jonathan Milne reports.

Australian homeowners are being warned to brace for at least two more interest rate hikes in early 2023 after fresh inflation figures.

Inflation comes in higher than expected, increasing the chances of another Reserve Bank interest rate rise next month.

Official inflation figures show inflation hitting 7.8 per cent as cost-of-living pressures continue to weigh on household budgets.

Australian shares reach a new nine-month high amid a day of volatile trade. Investors are awaiting the latest quarterly inflation numbers, which will influence the Reserve Bank of Australia's next move on interest rates.

Deloitte Access Economics warns Australia could fall into a recession if the central bank lifts interest rates again, with households already hurting.

While Jacinda Ardern’s resignation is not likely to cause economic instability, new Prime Minister Chris Hipkins will have to contend with significant existing problems such as the cost of living crisis and declining business confidence, argues Dr Murat Ungor.

To move on Three Waters, the retirement age and a capital gains tax could be the nails in Chris Hipkins' coffin – but they would provide some substantive additional lines to the epitaph of a government that has achieved less of its reform agenda than some supporters hoped, writes Jonathan Milne.

Allowing time for the impact to flow through would be sensible. Inflation is falling, it’s just not yet visible in official figures