News Articles for Reserve Bank of Australia

Job advertising has risen sharply as COVID-19 lockdowns eased and suggests the unemployment rate will be back below five per cent in the near term after the unexpected spike to 5.2 per cent in October.

Wages growth in Australia has returned to its pre-coronavirus pandemic level, but it is still way short of what the Reserve Bank wants to see.

The Reserve Bank of Australia has left the cash rate at 0.1 per cent after its monthly board meeting, as widely anticipated by economists.

Australian inflation grew by 0.8 per cent in the September quarter, largely driven by the rising cost of new homes and fuel.

Treasurer Josh Frydenberg believes there is a case to review the operations of the independent Reserve Bank of Australia.

The Australian Prudential Regulation Authority has told banks they need to raise the serviceability buffer when assessing new loan applications.

The Reserve Bank of Australia left the official cash rate at a record low 0.1 per cent following its monthly board meeting, as widely anticipated by economists.

Petrol prices have struck their highest level in 20 months, despite cars being used less because of coronavirus lockdowns.

Three payments providers will be allowed to merge despite concerns charges for electronic transactions could later rise.

Reserve Bank of Australia governor Philip Lowe says the coronavirus Delta variant outbreak has interrupted the economic recovery but not derailed it.

Treasurer Josh Frydenberg is confident the unemployment rate can stay relatively low, citing the jobs rebound after previous virus lockdowns.

Analysis: Prices are growing faster in Perth than any other capital city. But should we be concerned?

Reserve Bank governor Philip Lowe expects the Australian economy will bounce back by year's end after suffering a contraction in the September quarter.

New figures show the negative impact a series of virus lockdowns have had on both retailing and the construction industry in recent months.

The Australian Bureau of Statistics is set to release its preliminary retail spending for June, which will take into account Victoria's previous lockdown.

Reserve Bank of Australia boss Philip Lowe wants the cash rate to be in a position to offer more fire power to tackle the next economic downturn.

Reserve Bank governor Philip Lowe is adamant interest rate hikes are unlikely to occur before 2024.

The Reserve Bank has left the cash rate unchanged at 0.1 per cent and does not expect to raise it before 2024, despite economists saying it could be sooner.

The RBA is expected to leave the cash rate at a record low at Tuesday's board meeting, but economists are looking for some change in its policy outlook.

The Reserve Bank appears to be sticking to its interest rate view for now, as new figures show a record trade surplus and continuing strong demand for workers.

Australia's banking watchdog has written to the nation's banks, warning there are signs of some increased risk-taking as homebuyers rush to secure loans in a heated housing market.

The Reserve Bank of Australia board believes the economy is transitioning from recovery to expansion with more momentum than previously anticipated.

The Reserve Bank of Australia has left the cash rate unchanged at its monthly board meeting, reiterating that it is unlikely to rise until 2024 at the earliest.

The Australian economy may be growing at a solid clip with confidence at multi-year highs, but there are few signs people are willing to take on a loan outside of housing.

Unemployment fell slightly to 4.9 per cent in Western Australia, despite 15,000 people losing jobs in April.

The minutes of the Reserve Bank's May board meeting have again highlighted the likelihood of keeping the cash rate at a record low until 2024.

Finance Minister Simon Birmingham has flagged a "profound improvement" in the nation's budget bottom line.

Even with jobs growing more quickly than anticipated, pay packets won't follow suit for years.

The Reserve Bank has upgraded its economic forecast while reiterating that the cash rate will remain at a record low 0.1 per cent until 2024.

The minutes of the Reserve Bank's April board meeting have reiterated that the cash rate will stay at a record low 0.1 per cent until 2024.

The Reserve Bank knows it is fueling cheap finance for home buyers, as property prices surge in cities and the regions, but is not worried about undue risk to financial stability.

Federal agencies are weighing up how best to respond to the seemingly irrepressible housing market.

Josh Frydenberg has held discussions with the Reserve Bank of Australia and the prudential regulator over what is becoming a hot property market.

The Reserve Bank has left its key interest rates at a record low at its monthly board meeting, while warning it is monitoring developments in the heated housing market.

Reserve Bank governor Philip Lowe says it is important that business investment grows if Australia is to enjoy a strong and durable recovery from the COVID-19 pandemic.

The Reserve Bank has left its key interest rates unchanged following its monthly board meeting, while remaining committed to its bond buying program aimed at keeping borrowing costs low.

Many of Western Australia's small businesses carried a high degree of optimism into 2021, according to findings from the new 2020 BCEC Small Business Survey.

A prominent business leader has joined growing calls to support struggling companies once JobKeeper payments dry up.

Reserve Bank governor Philip Lowe says the central bank "does not and should not" target housing prices.

Labor is standing by calls to extend the JobKeeper scheme despite the Reserve Bank governor downplaying the need.