News Articles for Michele Bullock

Australia's central bank has kept the interest rate steady at 3.6 per cent following a spike in inflation readings recently.

Australia's central bank has held the cash rate steady at 3.6 per cent, amid an uptick in inflation readings and widely inline with market expectations.

Reserve Bank governor Michele Bullock has warned no institution is immune from cyber threats, using a Perth lecture to stress technology's opportunities and risks for central banking.

Australia's cash rate has been cut for the third time this year, down a further 25 basis points, after inflation fell to its lowest annual rate in four years last month.

Australia's inflation eased to 2.1 per cent in the June quarter, bolstering expectations the Reserve Bank will cut interest rates at its August meeting.

The Reserve Bank of Australia has kept the cash rate unchanged at 3.85 per cent, shocking markets which predicted a 90 per cent chance of a 25 basis point cut.

Treasurer Jim Chalmers used a National Press Club address today to open the door to tax reforms beyond purely those on superannuation.

The Reserve Bank delivered a 25-basis-point cut as predicted, but analysts warn the window for further easing may be narrowing.

The cash rate remains at 4.1 per cent following the Reserve Bank's latest policy meeting.

Corporate regulators have called on the local bourse to put the “highest priority” on resolving the underlying issues that led to a settlement system failure in 2024.

The Reserve Bank of Australia has cut the cash rate for the first time since November 2020, but governor Michele Bullock has warned the inflation fight isn't over.

The Reserve Bank of Australia has held the cash rate steady at 4.35 per cent as expected but economists have noted a shift in the board's tone.

Australia has recorded another month of solid employment growth, reinforcing the expectation of no interest rate cuts until mid 2025, though WA has bucked the positive jobs trend.

The Reserve Bank of Australia has opted to hold the cash rate steady at 4.35 per cent, leaving it unchanged since November 2023.

Australian Treasurer Jim Chalmers says he has “the utmost respect” for the independence of the Reserve Bank, while again blaming its policy for slow economic growth.

Prime Minister Anthony Albanese says government spending is helping to put downward pressure on inflation, despite the RBA claiming it was doing the opposite.

The Reserve Bank of Australia has again held the country's cash rate steady at 4.35 per cent, meeting economists' expectations.

The Reserve Bank of Australia has held the cash rate steady at 4.35 per cent following its second board meeting of the year, its third consecutive pause in the current cycle.

The Reserve Bank of Australia has not ruled out more interest rate hikes but economic forecasters are reasonably confident the next move will be down.

The Reserve Bank of Australia has held the cash rate steady at 4.35 per cent, in its first meeting of the new year.

Reserve Bank governor Michele Bullock says cash use is sliding and putting pressure on the business models that underpin access to notes and coins.

The Reserve Bank of Australia has held the country's official cash rate at 4.35 per cent, offering a slight relief to mortgage holders 20 days before Christmas.

The Reserve Bank fired off an interest rate hike last month to take out insurance against lingering inflation risks, minutes from a board meeting confirm.

Rising prices are still at the forefront of people's minds in Australia, with the impact of inflation still being felt around the kitchen table or at the petrol station.

The Reserve Bank of Australia has delivered a Melbourne Cup Day blow to mortgage holders, increasing the nation's cash rate by 25-basis points to 4.35 per cent.

A 1.2 per cent quarter-on-quarter increase in consumer price index data released today has fueled predictions of a Reserve Bank cash rate hike in November.

The Reserve Bank of Australia has held the cash rate at 4.1 per cent for a fourth consecutive month, in a widely expected move which marks its first under new leadership.

Australia's financial regulator has laid out its expectations of lenders when it comes to supporting financially troubled customers.

Philip Lowe will leave his post as head of the Reserve Bank, with Michele Bullock the first woman picked to lead Australia's central bank.

The number of Western Australians in employment fell in September, while the national jobless rate held steady at 3.5 per cent.

Two speeches in two days will give the Reserve Bank of Australia an opportunity to demonstrate how hawkish it is feeling as rate hikes loom.

Households are in a strong enough position to handle a rise in interest rates, Josh Frydenberg says, as the RBA appears to be losing patience with inflation.