The Latest Breaking News from Reserve Bank

Deutsche Bank expects Australia's unemployment rate to spike to 4.5 per cent by the end of 2023, leading to a recession under the investment bank's definition.

Australia's big four banks raked in nearly $30 billion in profits over the 2022 financial year as people struggled with the cost of living. And higher interest rates will put more mortgage borrowers at risk.

ABS and CommSec data shows there are already signs of a slowdown as average household spending goes up 15 per cent in the past five years.

Reserve Bank Governor Philip Lowe is getting terrible press, most of it undeserved.

The Reserve Bank’s experts hold Australians’ financial lives in their hands, but do they live in the real world where the cost of living is crippling?

Australia’s top economists have overwhelmingly endorsed intervention to restrain gas and electricity prices, with only three of the 47 leading economists surveyed believing the best thing the government can do is to leave things to the market.

You may have seen the news: in its attempts to tackle inflation, the Reserve Bank is going to increase unemployment. The idea can even seem to come right from the mouths of experts, including the bank’s governor, Adrian Orr. Speaking recently to an industry conference, he said:

How consumers and government agencies are spending their money will be closely watched by Australia's central bank as inflation bites.

The Australian Greens say the federal government's review of the Reserve Bank should re-imagine how monetary policy should work for the 21st century.