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.

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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...

Unemployment up as budget returns to balance

Australia’s unemployment rate edged up to 5.3 per cent in August, prompting markets to revise their views on the likelihood of an RBA rate cut at the upcoming 1 October meeting.

Still not feeling it: Rate cuts, tax offsets yet to improve business, consumer sentiment

More signs of recovery in the Australian housing market this week. But business and consumer sentiment both sank again, suggesting the monetary and fiscal stimulus we’ve seen to date is getting only l...

Global uncertainty up, Australian growth down

Lots of activity on the home front this week. Australia recorded its first current account surplus in 44 years while GDP growth fell to its slowest pace since 2009. The RBA left rates unchanged. House...

Spiralling or negotiating? Trade wars, Brexit and global economic uncertainty

Another relatively quiet data week on the Australian front, with second quarter readings on construction work done (down quite sharply) and private capital expenditure (also down but accompanied by a ...
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