The Latest Breaking News from Reserve Bank

The Reserve Bank leaves the official cash rate on hold near zero, but borrowers are already bracing for what life may look like with higher mortgage interest rates.

Reserve Bank governor Philip Lowe has warned higher rates of inflation are ahead, signally he will be keeping watch on data results in coming months.

The National Skills Commission says job advertisements on the internet rose by a further 3.6 per cent in February.

Inflation in Australia is officially 3.5 per cent, but the prices of many everyday items, especially petrol, are rising much faster and this new era of higher inflation has only just begun.

The biggest question relating to the management of the economy right now has nothing to do with next week’s budget. It has everything to do with the Reserve Bank and the board meetings that will follow it.

Australia’s budget situation has been quietly improving. Deloitte Access Economics director Chris Richardson says the remarkable strength of the Australian economy means it no longer needs the emergency support it has been getting from the government and the Reserve Bank. Government spending fell by a record 10% in the year…

Reserve Bank Deputy Governor Guy Debelle has left the building. Wednesday was his last day. Six days after his shock resignation, he has departed to become chief financial officer at the green energy firm Fortescue Future Industries.

Interest rates are rising overseas and Australia is almost certain to follow soon. But are borrowers prepared for higher repayments as record low mortgage rates disappear?

Prime Minister Scott Morrison believes the war in the Ukraine will likely depress global economic growth.