RBA governor Michele Bullock has told a parliamentary committee that the central bank waited too long to lift interest rates to stop inflation from rising. She says the RBA board is also conscious ...

Yahoo's live news blog for Wednesday, February 19 has now concluded. Further RBA interest rate cuts could detonate a "talent time bomb", leading to a mass exodus of Australians from their jobs.

For example, when the RBA released its statement of monetary policy (SMP) last August, it ignored evidence that its rate hikes had smashed households and economic growth. Despite GDP growth ...

RBA governor Michele Bullock and Treasurer Jim Chalmers. Harry Afentoglou She admits board members had a very active debate on the arguments for cutting rates for the first time in more than four ...

Having kept rates at a 13-year high since November 2023, the RBA’s decision to reduce rates by 25 basis points to 4.1 per cent was anticipated by most economists after softer-than-expected ...

But, after roughing up the central bank, Anthony Albanese and Jim Chalmers should take whatever sliver of bacon the RBA will give financially squeezed voters in mortgage belt seats. Reserve Bank ...

Over in Australia, the RBA has moved to lower the Official Cash Rate by 25 basis points from 4.35 percent to 4.1 percent. This is in line with predictions from economists, who'd noticed inflation ...

“What I would say is that the market is expecting quite a few more interest rate cuts, to the middle of next year,” she said at a press conference following the RBA’s decision. RBA Governor ...