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Latest news: Central Bank

Rates stay on hold and hope for February cut revived

Rates stay on hold and hope for February cut revived

Long-awaited mortgage relief looks closer as the central bank takes another interest rate hike off the table and lays the groundwork for future cuts.

RBA set to hold rates steady at final meeting of 2024

RBA set to hold rates steady at final meeting of 2024

RBA set to hold rates steady at final meeting of 2024

RBA set to hold rates steady at final meeting of 2024

No change in interest rates is anticipated at the Reserve Bank of Australia's last board meeting of the calendar year.

Climate damage: $7 trillion hit to standard of living

Climate damage: $7 trillion hit to standard of living

Climate damage: $7 trillion hit to standard of living

Climate damage: $7 trillion hit to standard of living

Living standards will suffer further as extreme weather hits households and businesses, an investor group warns, with insurance already out of reach for some.

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Top bank chief reveals why rates are still on hold

Top bank chief reveals why rates are still on hold

Australia's top central banker reveals why she still hasn't pulled the trigger on interest rate cuts despite similar countries already taking action.

'Guarded references': Door opening to rate cuts

'Guarded references': Door opening to rate cuts

The Reserve Bank of Australia remains 'vigilant to upside risks to inflation' but has stepped through a number of scenarios allowing it to cut interest rates.

Jobs market in focus as investors chew Trump triumph

Jobs market in focus as investors chew Trump triumph

Donald Trump's return is having no immediate impact on central bank inflation outlooks but domestic jobs figures could change the calculus for the RBA.

No change to RBA forecasts after Trump election

No change to RBA forecasts after Trump election

The re-election of Donald Trump as US president could have "adverse implications" for the Australian economy but it has not changed the RBA's view on inflation.

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RBA resists taking a punt on Melbourne Cup day rate cut

RBA resists taking a punt on Melbourne Cup day rate cut

RBA resists taking a punt on Melbourne Cup day rate cut

RBA resists taking a punt on Melbourne Cup day rate cut

The Reserve Bank has not gambled on a Melbourne Cup rate reduction, with punters left to ponder whether borrowers will receive a windfall before Christmas.

Labour shortages still 'number one' concern: RBA

Labour shortages still 'number one' concern: RBA

Labour shortages still 'number one' concern: RBA

Labour shortages still 'number one' concern: RBA

Firms are struggling to retain workers as activity from mining, infrastructure projects and even the 2032 Brisbane Olympics keeps demand for labour high.

Hard-to-miss petrol pricing a 'proxy' for inflation

Hard-to-miss petrol pricing a 'proxy' for inflation

Hard-to-miss petrol pricing a 'proxy' for inflation

Hard-to-miss petrol pricing a 'proxy' for inflation

Households are constantly reminded of the price of filling up and the Reserve Bank says that's why petrol plays an outsized role in expectations for inflation.

Spring brings brighter outlook as rate hike fears fade

Spring brings brighter outlook as rate hike fears fade

Spring brings brighter outlook as rate hike fears fade

Spring brings brighter outlook as rate hike fears fade

As signs of improving consumer and business confidence emerge, economists are speculating the Reserve Bank might be shifting its thinking on interest rates.

Don't put money on rates relief soon, borrowers warned

Don't put money on rates relief soon, borrowers warned

Don't put money on rates relief soon, borrowers warned

Don't put money on rates relief soon, borrowers warned

Mortgage-holders should not get their hopes up for near-term relief, says a hawkish Reserve Bank governor as the cash rate was again held at 4.35 per cent.

War of words over inflation as national debt dives

War of words over inflation as national debt dives

War of words over inflation as national debt dives

War of words over inflation as national debt dives

Australia lags behind western nations in tackling inflation, the shadow treasurer says, as the Reserve Bank mulls whether to lower interest rates.

Labor, expert lash 'crazy' call to step in over rates

Labor, expert lash 'crazy' call to step in over rates

Labor, expert lash 'crazy' call to step in over rates

Labor, expert lash 'crazy' call to step in over rates

Calls for Canberra to intervene with the Reserve Bank to lower interest rates to get financial reforms over the line have been rejected by Labor.

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Rates veto power must stay: Greens issue RBA demands

The Greens want the treasurer to intervene and force the RBA to lower interest rates as it lays out its demands for support on troubled central bank reforms.

Landlord's market as property investor lending swells

Lending to investors continues to lead the charge and outpace home loans taken out by owner-occupiers.

Fading economy yet to unlock rate cuts for watchful RBA

The economy might be slowing but the Reserve Bank chief wants inflation to moderate further before opening the door to interest rate cuts.

Gloomy growth, interest rates sore points for Treasurer

The economy is stuck in the slow lane and Treasurer Jim Chalmers says that's by design, with higher interest rates necessary to tame inflation.

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Economy 'nowhere near recessionary' despite predictions

Australia's economic forecasts might not be as positive as hoped but there are still signs of strength in the economy, an expert says.

Inflation steps down but ladder still steep for RBA

A mixed set of inflation numbers are unlikely to move the needle for the Reserve Bank as it weighs interest rates and persistent price pressures.

Door opens for long-delayed Reserve Bank reforms

The federal treasurer has shifted on key opposition demands in order to secure support for changes to modernise and strengthen the Reserve Bank.

Rate-cut hopes hit brick wall as RBA cements stance

Borrowers are being warned to not bank on any short-term relief on their mortgages as the RBA talks down hopes of an interest rate cut in 2024.

Fresh recession fears in NZ as central bank cuts rates

The Reserve Bank of New Zealand believes the country is in recession, as it moves to cut the official cash rate to 5.25 per cent.

Beware of economic 'false prophets', warns Reserve Bank

Reserve Bank deputy governor Andrew Hauser says projecting future movements in the economy is inherently uncertain and overconfidence is a red flag.

RBA governor warns rate cuts not on near-term agenda

The Reserve Bank of Australia has kept interest rates steady and tempered expectations of imminent cuts, warning inflation remains "too high".

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