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12 hours, 8 minutes ago

RBA Is More Confident on CPI, But Too Early to Declare Victory

-- Australia’s central bank is more confident that inflation is moving sustainably toward target but it’s still too soon to conclude the battle is won given a recent pick-up in consumption and a still-tight labor market, minutes of the December meeting showed. The Reserve Bank’s board discussed scenarios in which future policy would be eased to boost economic growth or …

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12 hours, 32 minutes ago

Dollar firms as US rates outlook dominates

Live Mint

By Rae Wee SINGORE, - The dollar was on the front foot on Tuesday as the prospect of higher-for-longer U.S. interest rates remained top of investors' minds, leaving other currencies struggling near milestone lows. The Bank of Japan last week kept rates on hold and stayed vague on when it could next raise rates, an outcome which was in stark …

Trump Fed Rate Dollar Jpy

1 week, 1 day ago

Australia Names Fry-McKibbin, Baker to RBA’s Rate-Setting Board

Live Mint

-- Australia appointed Renée Fry-McKibbin, who participated in the review of the central bank, and former Bendigo and Adelaide Bank CEO Marnie Baker to the Reserve Bank’s new monetary policy committee. Treasurer Jim Chalmers made the announcement on Monday following the passage last month of legislation to split the RBA’s board into two entities. Fellow members Carol Schwartz and Elana …

Board Rba

1 week, 4 days ago

RBA forecast scenarios include interest rate hikes

ABC

Samantha Donovan: To interest rates now, and while most analysts think another hike is highly unlikely, the Reserve Bank has indicated today nothing will be off the table next year when it comes to monetary policy. David Taylor: Betashare's chief economist, David Bassanese, says the Reserve Bank also has to factor in higher levels of government spending and how that's …

Economy Interest Rates Interest Rate Think Taylor Know

1 week, 4 days ago

The RBA is preparing for all economic scenarios, including an interest rate hike

ABC

The Reserve Bank may have dropped the phrase "not ruling anything in or out" in its interest rates commentary, but that does not mean an interest rate hike is completely out of the question. That is because, as Dr Hunter explained, it would mean the RBA's key policy goal of achieving its mid-point annual inflation target of 2.5 per cent …

Policy Interest Rate Scenarios Rba Hunter Monetary

1 week, 6 days ago

RBA will monitor Donald Trump's trade tariffs for inflation risk, says deputy governor

ABC

The Reserve Bank's deputy governor has encouraged Australians not to stress too much about the likely impact on Australia's economy of a tit-for-tat trade war sparked by Donald Trump's presidency, and the problems it may cause for inflation next year. Andrew Hauser says if US president-elect Trump introduces wide-ranging trade tariffs next year, the direct impacts on Australia would probably …

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2 weeks ago

Reserve Bank keeps interest rates on hold in December but leaves door open to a February cut

ABC

The Reserve Bank has left interest rates on hold in December for a ninth-straight meeting, but opened the door to a rate cut as soon as February. This is a change in language from the board's November statement, which said it needed to "remain vigilant to upside risks to inflation" and was "not ruling anything in or out". "While the …

Board Inflation Bank Interest Rates Rate Cut Meeting

2 weeks, 2 days ago

I'm an Aussie running more than a dozen cafes in the UK and this is the infuriating thing businesses need to change back home

Daily Mail

An Aussie expat running over a dozen cafes in London has called on companies back home to take on the cost of card surcharges instead of passing them onto customers. Urban Baristas co-founder Huw Wardrope said Australia is behind the ball in limiting card surcharges for customers after the European Union and UK banned them in early 2018. An Aussie …

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1 month ago

13 badminton players representing Rajasthan accused of age fraud

India Today

As many as 13 out of 20 badminton players who qualified to represent Rajasthan at the national level have been found to be overage. The serious case of alleged age misrepresentation came to the fore after parents of some of the players leveled accusations that some of those who qualified for the Under-13 tournament in Jammu and in Under-11 national …

Players Age Jammu Rajasthan Badminton

1 month ago

RBA says February rate cut not guaranteed even if inflation figures rosy

ABC

The Reserve Bank could hold off on a February rate cut even if underlying inflation is lower than it expects, a move that would reverberate among mortgaged households and could undermine the federal government's electoral fortunes. But the minutes suggest a rate cut is not assured even if December inflation is low using the Reserve Bank's favoured "underlying" measure, which …

Energy Board Inflation Relief Rate Cut Bill

1 month ago

Woolworths refuses to answer ACCC's questions on bargaining power, Tesla rallies, ASX hits another intra-day record high — as it happened

ABC

The minutes of the Reserve Bank Board's recent meeting have just been released. In the minutes from the RBA board's meeting a fortnight ago, the central bank considered risks that could have "important implications for monetary policy" that could result in forecasts being "materially wrong". These include "major changes in the US economic policy following the presidential election" and the …

Board Bank Interest Rates Rba Reserve Bank

1 month, 1 week ago

Rex given $80m bailout, while ACCC warned Qantas controls 65pc of market and prices are up, ASX loses ground — as it happened

ABC

The Westpac-Melbourne Institute Consumer Sentiment Index rose 5.3% to 94.6 in November, up from 89.8 in October. "The mood does look to be improving and is providing some more positive signs for retailers ahead of the all important Christmas high season," says Matthew Hassan head of Australian Macro-Forecasting, Westpac. The Westpac–Melbourne Institute Unemployment Expectations Index fell 7.2% to 120.5 in …

Index Rba Westpac Sentiment

1 month, 2 weeks ago

Sharply rising bond rates could stem Wall Street's 'relief rally' and push interest rate cuts further into the future

ABC

The apparent roar of approval was almost deafening. It's a world that, down the track, promises a return of inflation and permanently higher interest rates as America shifts to a more protectionist global stance that punishes China and, by extension, hurts Australia. Since mid-September, US money markets almost inexplicably have begun forecasting a rise in interest rates. The bond is …

Global China Market Trump Interest Rates Rate Rates

1 month, 2 weeks ago

RBA governor Michele Bullock says she didn't 'caution' the government about its spending

ABC

Reserve Bank governor Michele Bullock has rejected suggestions she cautioned the federal government about its spending behaviour, amid media reporting that she had warned the treasurer to exercise restraint in the lead up to next year's election. The government's attitude 'is the right one' "What I've been observing is that the private sector in Australia at the moment is very …

Fiscal Policy Markets Inflation Trump Interest Rates Interest Spending

1 month, 2 weeks ago

Trump's victory means old tweets and statements are coming back to haunt Anthony Albanese

ABC

Welcome back to your weekly federal politics update, where Brett Worthington gets you up to speed on the happenings from Parliament House. The tweets remained online as Rudd became Australia's ambassador to the US, quietly ticking down like a time bomb edging ever closer to exploding as Trump re-sought the presidency. "Out of respect for the office of President of …

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1 month, 2 weeks ago

Interest rates might fall in February … but don't bet the house on it

ABC

It's the hope that kills you. Rate cuts may not come until autumn, if they come at all Now even a February rate cut is looking unlikely, according to the money markets, which are pricing just 20 per cent chance of a cut, despite all four big banks and many other local economists forecasting it. Markets are pricing in a …

Mortgage Interest Rates Interest Cent Rates Banks Rba

1 month, 2 weeks ago

RBA governor Michele Bullock gives blunt spending warning to Treasurer Jim Chalmers as election nears

ABC

Treasurer Jim Chalmers has received a blunt warning from Reserve Bank of Australia governor Michele Bullock about the inflationary consequences of any potential splashy pre-election spending promises as she left the door open to even higher interest rates. Mr Chalmers said in the wake of Labor's Queensland election loss, the coming federal election "was never going to be — from …

Inflation Bank Interest Rates Interest Rate Rba Albanese Mr Albanese

1 month, 2 weeks ago

RBA leaves cash rate at 4.35pc, acknowledging it's 'restrictive,' while ASX loses ground — as it happened

ABC

Here are some highlights from the RBA Board's statement. Underlying inflation remains too high: "Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance. "Headline inflation was 2.8 per cent over the year to the September quarter, down from 3.8 per cent over the year …

Growth Inflation Monetary Policy Cent Rba Remain

Review finds 'no evidence' gunshots were deliberately edited into commando footage — as it happened

ABC

Treasurer Jim Chalmers answers a questions on the RBA interest rates. Member for Macquarie, Susan Templeman, asks: "What does the decision taken today by the Reserve Bank mean for Australians and what progress is being made in the fight against inflation and how does this compare to other approaches?" "Secondly, it reflects the progress that we are making together in …

Inflation

1 month, 3 weeks ago

ASX has lowest close since mid-September; household spending weaker than expected — as it happened

ABC

The Reserve Bank's new, less frequent meeting schedule hasn't done away with the Melbourne Cup day board meeting — we'll get the latest interest rate decision this coming Tuesday, half an hour before the race that stops the nation at Flemington. After this week's inflation figures showed price pressures easing off, but the RBA's preferred measure of underlying inflation — …

Board Inflation Rate Rba

1 month, 3 weeks ago

When will we get an interest rate cut? It's largely up to you

ABC

If you needed an excuse to be a bit of a tight-arse this Christmas, quote the latest inflation figures to your disgruntled family and friends. At 2.8 per cent, the annual headline inflation number plunged back within the RBA's 2-3 per cent target range for the first time in three years. At 4.6 per cent over the past year, the …

Inflation Cent Rate This Christmas Subsidies Rba Cut

2 months, 1 week ago

RBA Scrutinizing China's Stimulus Impact on Australian Economy

Live Mint

Australia's central bank is closely monitoring China's stimulus measures and their potential impact on the economy. Officials are assessing the implications for domestic growth and inflation given China's significant economic importance to Australia. The RBA is on constant alert for signs of unmoored inflation expectations, which could lead to greater price volatility. However, the central bank remains confident that inflation …

Law Finance International Relations Economic Outlook Sydney

2 months, 1 week ago

Proposed debit card surcharge 'crackdown' receives mixed reaction among customers, small business and big banks

ABC

Wendy Armitage was expecting the "ouch factor" when she went to pay her bill at a car repair shop in Adelaide a fortnight ago. "On their sign beside the point of sale, it was stated that there was a card surcharge of 16.5 per cent," she told The Business. Small businesses like Hamed Allahyari's cafe in Melbourne's west are also …

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2 months, 1 week ago

When the RBA cuts interest rates, housing affordability relief may only be temporary for first home buyers

ABC

Housing is about to become more affordable. Why the RBA will be forced to cut before year's end Photo shows Shoppers walk through Pitt Street Mall With growth at the slowest pace in Australia since the recession of the early 1990s, we are now faced with an ongoing economic crisis in China — our biggest trading partner — and the …

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Search results for rba

RBA Is More Confident on CPI, But Too Early to Declare Victory

Dollar firms as US rates outlook dominates

Australia Names Fry-McKibbin, Baker to RBA’s Rate-Setting Board

RBA forecast scenarios include interest rate hikes

The RBA is preparing for all economic scenarios, including an interest rate hike

RBA will monitor Donald Trump's trade tariffs for inflation risk, says deputy governor

Reserve Bank keeps interest rates on hold in December but leaves door open to a February cut

I'm an Aussie running more than a dozen cafes in the UK and this is the infuriating thing businesses need to change back home

13 badminton players representing Rajasthan accused of age fraud

RBA says February rate cut not guaranteed even if inflation figures rosy

Woolworths refuses to answer ACCC's questions on bargaining power, Tesla rallies, ASX hits another intra-day record high — as it happened

Rex given $80m bailout, while ACCC warned Qantas controls 65pc of market and prices are up, ASX loses ground — as it happened

Sharply rising bond rates could stem Wall Street's 'relief rally' and push interest rate cuts further into the future

RBA governor Michele Bullock says she didn't 'caution' the government about its spending

Trump's victory means old tweets and statements are coming back to haunt Anthony Albanese

Interest rates might fall in February … but don't bet the house on it

RBA governor Michele Bullock gives blunt spending warning to Treasurer Jim Chalmers as election nears

RBA leaves cash rate at 4.35pc, acknowledging it's 'restrictive,' while ASX loses ground — as it happened

Review finds 'no evidence' gunshots were deliberately edited into commando footage — as it happened

ASX has lowest close since mid-September; household spending weaker than expected — as it happened

When will we get an interest rate cut? It's largely up to you

RBA Scrutinizing China's Stimulus Impact on Australian Economy

Proposed debit card surcharge 'crackdown' receives mixed reaction among customers, small business and big banks

When the RBA cuts interest rates, housing affordability relief may only be temporary for first home buyers