The Latest Breaking News from Reserve Bank

This is the text of an open letter from 12 leading economists, sent on Sunday:

The Reserve Bank of India (RBI) on Friday said that it is proposing to adopt a graded approach to the introduction of Central Bank Digital Currency (CBDC) in conformity with the objectives of monetary policy, financial stability and efficient operations of currency and payment systems. Full story on Dynamite News:

Renewed Covid restrictions in regions of China have accelerated increases in New Zealanders' cost of living.

Reserve Bank ‘resolute in its commitment’ to keep inflation in the 1-3% target range, signalling further rate rises may still be needed

Government subsidies such as first home buyer grants and HomeBuilder have boosted demand for homes and helped push up house prices, with "pervasive" impacts on housing outcomes for some Australians, according to the Reserve Bank.

Mortgage holders in New Zealand are bracing themselves for another cash-rate hit from the Reserve Bank.

Analysts say election of Albanese government will not ‘shift the dial’ on economic forecasts

Many NZers expect pay rises in coming months, but they are increasingly concern about the harsh impact of the cost of living crisis on their own families' lives, according to the Reserve Bank.

The Government’s Budget 2022 announcement around its First Home Loan and Grant schemes is a step in the right direction to help new buyers get a mortgage. Huge hurdles remain

Early in the election campaign, on April 14, we learned that Australia’s unemployment rate had slipped below 4% in March, to 3.95% – the lowest rate in 48 years.

Every three months the Bureau of Statistics releases the lesser-known cousin of the consumer price index. It’s called the Wage Price Index (WPI) and it records changes in the overall level of wages, in the same way the price index records changes in the overall level of consumer prices.