The Latest Breaking News from the Reserve Bank

Pointing to big changes that have greatly affected Australia's capacity to deliver rising standards of living, top economist Ross Garnaut calls for a major policy overhaul.

New data reveals how New Zealand households that have been under interest rate pressure for more than 18 months are managing to make ends meet.

Experts are split on whether the Reserve Bank will return to hiking interest rates at its May meeting this week.

n a move that runs counter to history and convention, the Greens will seek changes that would see interest rates capped and rents frozen.

Former prime minister Paul Keating says it would be an error for the Parliament to remove a power that allows the government to overrule the Reserve Bank's actions.

High prices are hurting renters and low-income households

Australia’s inflation rate has fallen from its 30-year high of 7.8% in the December quarter of 2022 to 7.0% in the March quarter of 2023. But it’s still likely the Reserve Bank of Australia will push up interest rates again before the end of the year to drive inflation back…

Official inflation data shows consumer prices rising seven per cent annually in the March quarter, down from 7.8 per cent in the previous quarter.

Even if inflation eases, a leading economist and strategist believes today's consumer price index figures will give the Reserve Bank of Australia reason to resume its rate-hiking cycle at its next meeting.