The Latest Breaking News from Warwick McKibbin

An AAP survey of 32 leading Australian economists has tipped the Reserve Bank to cut interest rates this week, but more than one in five remain unconvinced.

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.

The Reserve Bank ‘lifer’ will succeed Philip Lowe in the top job. Who is Michele Bullock and what has been the reaction to her appointment?

Warwick McKibbin says Australia’s central bank has been slow to react as supply pressures from Covid and war in Ukraine abate

Renee Fry-McKibbin says panel considered ‘a lot of alternative frameworks’ but decision on shift would fall to future reviews

A review in the RBA will seek to look at the board governance and current policy settings.

Economists split on how much Reserve Bank will lift cash rate on Tuesday as it looks to rein in inflation

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

RBA says it will stop buying government bonds from 10 February but stresses that does not imply a near-term rate rise