Reserve Bank of Australia

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 ...

RBA Governor Michele Bullock had already taken a hawkish turn at a post-meeting media conference, ruling out further rate cuts and warning hikes might be needed if inflation did not subside.

Australia central bank saw risk of rate rise in 2026 to contain inflation

Core inflation rose to 3.3 per cent in October, taking it further above the RBA’s target band of 2 per cent to 3 per cent

The RBA has cut interest rates three times this year to 3.6%, but a recent spike in inflation has forced policymakers to warn that rate hikes might be needed next year.

Australia government forced to lift inflation forecast, keeps spending plans intact

Inflation has increased recently due to services and prices of new housing

The RBA has cut interest rates three times this year to 3.6 per cent but inflation is rearing its head again in an accelerating economy.

Economists at CBA, NAB call for Australia February rate hike

RBA Governor Michele Bullock has ruled out further policy easing last week after keeping rates steady

Michele Bullock, governor of the Reserve Bank of Australia (RBA), says: "I don’t think there are interest rate cuts on the horizon for the foreseeable future.”

Australia’s central bank holds rates steady, rules out further cuts

Bond yields spike to a 13-month high after governor Bullock says that price risks have ‘tilted to the upside’

Household spending accounts for more than half of Australia’s economic output and, as a result, is closely watched by policymakers.

Australia household spending surges, boosting RBA hike bets

Money markets are wagering the central bank’s next move will be a hike in 2026

The RBA has already cut its estimate of the economy’s potential growth rate to just 2%, effectively lowering Australia’s speed limit.

Australia economic growth disappoints, easing rate-hike bets

Weak productivity means any pickup in demand risks spilling straight into prices