Reserve Bank of Australia

Australia household spending posts lacklustre bounce in January as rate hike looms

Markets are betting the Reserve Bank of Australia will leave interest rates steady at 3.85 per cent this month

RBA chief Michele Bullock says that every policy meeting is live now, given inflation is elevated at 3.8% and the unemployment rate remains low at 4.1%.

Reserve Bank of Australia governor says March rate hike possible

Analysts now see the economy growing at a rapid 1% in Q4

Reserve Bank of Australia Governor Michele Bullock said it was, however, not clear at the moment that bringing inflation down would require more rate rises, and policymakers would be watching data closely.

Australia’s central bank will raise rates again if inflation becomes entrenched, governor says

[SYDNEY] Australia’s central bank will raise rates again if inflation becomes entrenched, its governor said on Thursday, having just delivered the first rate rise in two years last week.

The Australian dollar climbed 0.7 per cent to reach US$0.7122, the first break above the 71-cent barrier since early 2023.

Australian dollar hits three-year peak on rate-hike bets

[SYDNEY] The Australian dollar climbed to a fresh three-year peak on Wednesday as the central bank signalled hawkish policy again, while the greenback came under pressure from softer US economic data.

Reserve Bank of Australia Deputy Governor Andrew Hauser (right) said many parts of the economy were doing well but growth as a whole was bumping up against capacity constraints.

Australia central bank again warns inflation is too high

[SYDNEY] A top Australian central banker said on Wednesday inflation was too high and policy makers were committed to doing whatever was necessary to bring it to heel.

Spending can be an important consideration for monetary policy as private consumption accounts for more than half of gross domestic product.

Australia’s household spending surprisingly declines in December

Economists and financial markets expect another hike this year

Investors had been leaning toward a rate rise given inflation surprised on the high side in the fourth quarter.

Australia raises rates for first time in two years

Investors are now betting on a follow-up hike in May

The RBA decision lands amid increasingly divergent global monetary paths.

Australia set for U-turn to rate hike in break from global trend

The turnaround has been driven by stubborn price pressures buttressed by a surprise drop in unemployment

The central bank’s target is to keep inflation between 2% and 3% over the long run, with a focus on 2.5%.

Australia central banker says inflation rate still too high

Interest rates might have to rise from the current 3.6% if prices did not cool

The Aussie rose 0.2 per cent to 67.13 US cents, the highest since October 2024.

Australian dollar climbs to highest since Oct 2024 on RBA bets

[CANBERRA] The Australian dollar climbed to its strongest in more than a year after traders ratchet expectations the Reserve Bank of Australia (RBA) will quickly shift to raising interest rates early ...