This Month
RBA considers selling HQ as renovation blows out to $1.1b
The blowout, caused by large amounts of asbestos, makes the redevelopment of the RBA building one of the nation’s most expensive non-defence public works.
- Michael Read
Coalition warns Labor over RBA board ‘sack and stack’
The implication is Labor would seek to appoint board members inclined to lower interest rates ahead of the federal election, risking the push to curb high inflation.
- Ronald Mizen and Michael Read
Michele Bullock’s run of good news may be about to end
RBA governor Michele Bullock has proven a better communicator than her predecessor Philip Lowe. But her real test may still be yet to come.
- Ronald Mizen
- Opinion
- Interest rates
RBA’s credibility at risk as central banks confront interference
The contradictions in the Reserve Bank of Australia’s communications reveal policy conflicts that could erode its already embattled credibility.
- Christopher Joye
Transport costs up 10 per cent nationwide as petrol stokes inflation
The rising cost of diesel in the past three years has put a dent in Jesse Bradley’s removalist business based in Queensland.
- Gus McCubbing
- Opinion
- Monetary policy
A rate rise was closer than you think
RBA insiders may be making the case for higher rates, as Michele Bullock walks the line between public opinion and the bank’s credibility.
- Warren Hogan
- Opinion
- The AFR View
An RBA tightening bias is called for
It’s hard not to interpret the governor’s press conference and the board’s statement as at least a mild tightening bias that will keep the cash rate where it is at least until near the end of 2024.
- The AFR View
‘We need to be alert and vigilant’: Michele Bullock
This is an edited and abridged transcript of a press conference held by Reserve Bank of Australia governor Michele Bullock.
- Opinion
- Interest rates
Why data-driven Bullock has her eye on the budget
RBA governor Michele Bullock says it’s too early to declare victory over inflation as she avoids the markets’ frenzied guessing game on interest rates.
- Jennifer Hewett
Petrol, strong jobs market stoking inflation: RBA
The central bank on Tuesday upgraded its near-term forecasts for headline inflation and pushed back the likelihood of interest rate relief until mid-2025.
- Ronald Mizen
- Updated
- Interest rates
Reserve Bank on high alert for rate rise
The RBA is “very alert” to the cost of stubbornly high inflation lingering in the economy, signalling interest rates will need to stay higher for longer.
- Ronald Mizen
RBA’s radio silence fuels extreme rate rise bets
Traders’ bet that the RBA will lift the cash rate is fuelled by the central bank’s lack of communications since March as it undergoes sweeping reporting changes.
- Cecile Lefort
- Exclusive
- Interest rates
RBA rate rise shock is being underestimated, history shows
It has raised interest rates almost every time in the last 25 years that it has faced the current high quarterly inflation figure immediately before a board meeting.
- John Kehoe
- Opinion
- Interest rates
Bullock must now warn that interest rates may rise again
When the RBA board meets next week, the key question governor Michele Bullock will be grappling with is the future pace of disinflation.
- John Kehoe
April
- Analysis
- Interest rates
Ugly CPI data shows why rate cuts are a distant prospect
CPI report suggests fears about sticky inflation are becoming a reality, leaving the RBA board’s decision last month to abandon its stated tightening bias looking premature.
- Michael Read
- Opinion
- Chanticleer
Hot inflation will require an ASX rethink
ASX investors, who’ve bid up retail, banking and tech stocks, need to accept that rate cuts aren’t coming before Santa arrives.
- James Thomson
- Exclusive
- Interest rates
RBA pushes out research boss as Bullock overhauls operations
The decision by the RBA to part ways with John Simon comes after the RBA review identified significant shortcomings in the organisation’s research culture.
- Michael Read
March
Coles hoards cash over Easter as Armaguard teeters on the brink
The Lindsay Fox-controlled monopoly has engaged former ACTU secretary Bill Kelty to lead negotiations with major banks over a rescue package.
- James Eyers and Patrick Durkin
Taylor threatens to topple Labor revamp of RBA interest rate board
Angus Taylor has dug in and vowed to block the overhaul unless Jim Chalmers agrees to guarantee all current board members continue to serve.
- John Kehoe and Michael Read
This is why the RBA is no longer warning of another rate rise
Former Reserve Bank chief economist Luci Ellis says it is no longer realistic to retain a tightening bias, with data in line with the central bank’s forecast.
- Michael Read