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.


MYEFO shows Canberra sticking to its fiscal guns

The Mid-Year Economic and Fiscal Outlook (MYEFO) saw the government stick with (pared back) targets for budget surpluses this year and next but refrain from offering any significant fiscal stimulus.

Business and consumer confidence remain subdued

After last week’s bumper crop of Australian data, things were much quieter this week. The monthly NAB business survey suggested business conditions remained relatively subdued in November while the W...

Stuck in the doldrums: Q3 GDP disappoints as RBA remains on hold

A raft of Australian data releases this week as the RBA left the cash rate unchanged at its last meeting of 2019. 

RBA sets out views on unconventional monetary policy

The focus this week was on RBA Governor Philip Lowe’s speech on unconventional monetary policy, which has encouraged some forecasters to tip the arrival of a terminal cash rate of 0.25 per cent ...

RBA considers more action as Canberra accelerates infrastructure spend

No major Australian data releases this week, but the minutes from the last RBA Board Meeting revealed that policymakers had contemplated another rate cut at the 5 November meeting despite some qualms ...

A labour market stuck in the doldrums? Wage growth still sluggish as unemployment edges higher

The unemployment rate ticked up to 5.3 per cent in October as the number of people employed fell by 19,000, the first monthly drop since 2018 and the largest fall since 2016.

RBA prepared to ease monetary policy if needed but no change to cash rate this month

The RBA has released its November Statement on Monetary Policy. The bank has signalled it is prepared to ease monetary policy further if needed and has downgraded consumption and economic growth for t...

Still waiting for Godot inflation

Headline inflation ticked up marginally to 1.7 per cent in the September quarter while underlying inflation was unchanged at 1.6 per cent.

RBA ponders the efficacy of monetary policy as IMF warns of synchronised global downturn

The unemployment rate ticked down to 5.2 per cent in September, prompting markets to lower the odds of a November rate cut. Minutes from the RBA’s October Board meeting show the central bank weighing...
1 2 3