Money and Monetary Policy

RBA governor Michele Bullock says Australia doesn't need higher interest rates right now, despite calls from IMF and OECD.

RBA governor Michele Bullock said the central bank would consider cutting rates before inflation returned to 2.5 per cent if the economy was in good shape, while the ASX ended higher for the third-straight day after a subdued start.

US Fed member Loretta Mester says investors may have expected a rate cut in the US in March, but she wants to see more signs that inflation is definitely downwards before rates are lowered, and we're not there yet.

Disgruntled MP Bob Katter made headlines this week after his cash was rejected by a café — in Parliament House, of all places. The incident sparked national debate again, so what are your rights when it comes to paying in notes and coins?

Australian shares end higher after AGL posts a better than expected half-year profit and upgrades its forecast for the full year. Mainland Chinese shares shrug off the worst deflation numbers since the global financial crisis. Look back on how the trading day unfolded.

The Reserve Bank board says "a further increase in interest rates cannot be ruled out", but economists and financial traders still believe the next move in rates will be down.

The Australian share market rebounds from two straight sessions of losses led by heavyweight miners, while the Woodside-Santos merger collapses, and NAB promotes British-Canadian executive Andrew Irvine as its next CEO.

In just half a sentence, the Reserve Bank board dashed the rate cut hopes of millions of mortgage borrowers. Does it risk condemning the Australian economy to recession as well?

The Reserve Bank Board keeps interest rates at 4.35 per cent following inflation falling by more than expected towards the end of 2023.

RBA is widely expected to keep interest rates on hold today in the first rate decision of 2024.

The RBA has kept interest rates on hold at 4.35 per cent after its first two-day meeting, but says it cannot rule out future rate hikes to keep inflation in check. Look back on how the day unfolded with our blog.

Leaving the cash rate unchanged today is all but a foregone conclusion for the RBA. Behind closed doors, you can't help but wonder if November's rate hike was a mistake as the economy cools, writes Ian Verrender.

Confused about how much you'll actually be get across all three stages of the tax cuts? Exclusive new data reveals how much you need to earn to reap the biggest percentage return if the redesigned tax cuts are passed into law.

Households will now only have to grapple with a maximum of eight cash rate changes flowing through to their mortgages. Here's what that could mean for you.

A raft of official economic data suggests Australia's economy suddenly hit a wall in December. Is the data wrong, or did the Reserve Bank raise rates one time too many in November?

Regardless of whether Australia's economic picture is improving or heading for a crash, it's unlikely voters will have stage 3 tax cuts front of mind come the next general election, writes Melissa Clarke. 

ASX200 closes at record high following gains on Wall Street after Apple, Amazon and Facebook's Meta post results. The dispute between DP World and the Maritime Union comes to an end, but impact could linger for industry and consumers. New data shows lending for new homes is slowing. 

Which neighbourhoods, occupations and age groups are more likely to benefit or miss out from the redesign of the stage 3 tax cuts? We've delved into the data to find out how different parts of Australia compare.

A slump in banking stocks leads the Australian share market off its record high, as the US Federal Reserve douses rate cut expectations. See how the day unfolded on our markets blog.

House prices are on track to rise across the country, propelled by renters and migrants wanting to buy their own homes and buyers trying to get in ahead of interest rate cuts expected later this year.

After unveiling his re-jigged tax plan last week, Anthony Albanese has conducted five press conferences, eight radio interviews and two TV interviews — the kind of media blitz usually reserved for winning an election, writes David Speers. 

Inflation comes in lower than expected, with prices rising just 0.6 per cent over the December quarter and 4.1 per cent over the past year.

The Australian share market sets a new record high after inflation hit a two-year low in the December quarter, as economists forecast interest rate cuts from the Reserve Bank could come sooner than expected.

Last month's Christmas and Boxing Day sales were much worse than expected for Australian retailers. Meanwhile, the ASX was a whisker away from a record high.

A Hong Kong court has ordered one of China's biggest property developers, Evergrande Group, to liquidate, which could have severe consequences not just for China, but other economies including Australia.