The Latest Breaking News from the Reserve Bank

Only two forecasters expected higher rates by mid next year.

Australia’s top economic forecasters expect the Reserve Bank to start cutting interest rates by March next year, taking 0.35 points of its cash rate by June.

These days every word of every statement from the Reserve Bank Governor Michele Bullock is pored over in minute detail – as is every word uttered at her press conference after each Reserve Bank board meeting.

Stalling progress on inflation has the central bank on high alert as political sparring continues over the impact of state and federal budgets on prices.

Rating agencies and the RBA among those marking the treasurer’s handiwork which he says is focused on spending restraint

The ASX200 has fallen 0.3 per cent, with losses for uranium producers and gains for goldminers, as investors await the outcome of the RBA's two-day meeting.

The economy is still expanding - but only just - after households opened the purse strings for concerts and other one-off events in the March quarter.

Fair Work Commission lifts minimum wage to $24.10 an hour from July, with the rise outpacing the government’s forecast inflation rate

Asked to grade Treasurer Jim Chalmers’ third budget on his own criteria of delivering on “inflation in the near term and then growth in the medium term”, most of the 49 leading economists surveyed by the Economic Society of Australia and The Conversation have failed to give it top marks.