Topic: Reserve Bank of Australia

The Reserve Bank of Australia (RBA) is Australia's central bank. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet an agreed medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nation's banknotes.


Grim labour market as jobless rate hits 7.1 per cent

May’s Australian labour market report showed employment fell by more than 227,000 last month, while the unemployment rate rose to 7.1 per cent. It would have been much higher if the participation rate...

Jobless rate up to 6.2 per cent as employment falls

Mixed messages on the economy this week. The April labour market report showed the headline unemployment rate ‘only’ rose to 6.2 per cent, a much better result than markets had expected. But the devil...

COVID-19: Is the economic cure worse than the disease?

There is some speculation that the lives lost due to the recession could outnumber those from the coronavirus itself. But the evidence from past downturns might surprise you on this episode of The Dis...

Should we be worried about the government's coronavirus debt?

After two decades obsessing over budget surpluses, Australia is entering a new normal with a massive run-up in government debt to stop the economy from flatlining during the coronavirus crisis. Should...

Plans to end the lockdown

With a coronavirus vaccine expected to take 12 to 18 months, smart people are starting to think about what steps we can take till then to quash the virus while getting back some semblance of normality...

Economic indicators plummet at a rate exceeding that of the Great Recession

Last week, we noted that the extent of financial market turmoil was reminiscent of the global financial crisis (GFC). This week we’ve seen increasing numbers of forecasters suggest that the Coronavir...

How coronavirus is impacting the economy

As more of the economy shuts down, AICD Chief Economist Mark Thirlwell looks at how bad the COVID-19 crisis could get on this week's Dismal Science podcast.

RBA goes unconventional as COVID-19 crises prompts radical policy responses

The economic impact of COVID-19 is unfolding through a series of interconnected crises. In the real economy these will take the form of vicious demand and supply shocks. Although these are now appeari...

Canberra hits the stimulus button as WHO declares pandemic and global markets tumble.

The federal government has announced a $17.6 billion stimulus package designed to support business and jobs. Markets are also pricing in another RBA rate cut at next month’s meeting. Signs of the im...

The economic impact of COVID-19

In this video from #AGS2020, AlphaBeta founder Andrew Charlton and AICD Chief Economist Mark Thirlwell discussed the economic impact of COVID-19 and how businesses need to prepare.
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