Number2023-04 Date7 February 2023 At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.35 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 3.25 per cent. Global inflation remains very high. It is, ... Read more

Chinese tourists to Australia will almost certainly buy luxury goods given their cash position – great for up-market retailers. Picture: AFP Around the corridors of the World Economic Forum in Davos, Chinese delegates and a number of global institutions are alerting markets that the 2023 ... Read more

Media Release Number2022-41 At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.10 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 3.00 per cent. Inflation in Australia is too high, at ... Read more

Number 2022-36 Date 1 November 2022 At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 2.85 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 2.75 per cent. As is the case in most countries, ... Read more

It is times like these, when markets are extremely volatile, that requires a frequent reminder to stay the course, keep the long-term in sight, and ignore all the 'noise'. In addition to having some hilarious quips on economists, this is a good article on the merits of staying the course. Making ... Read more

Number2022-33 Date4 October 2022 At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 2.60 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 2.50 per cent. The Board is committed to returning ... Read more

Number 2022-28 At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 2.35 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 2.25 per cent. The Board is committed to returning inflation to ... Read more

Number 2022-21 Date 2 August 2022 At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.85 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.75 per cent. The Board places a high priority on ... Read more

Number 2022-20 Date 5 July 2022 At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.35 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.25 per cent. Global inflation is high. It is being ... Read more

Philip Lowe expects inflation to go as high as 7 per cent, while describing an interest rate of 2.5 per cent as “reasonable”. Governor of the Reserve Bank of Australia (RBA) Philip Lowe has cautioned that interest rates will continue to rise in order to help stem rising inflation, ... Read more