Reserve Bank of Australia

Private sector credit beats forecast

Value of loans outstanding lifts in June quarter as personal, housing, business credit grow.

Weekend Economist: How high?

With inflation stirring, the debate is beginning to move from whether the RBA will cut or hike next, to how high rates might go.

The price we'll pay for the RBA’s low-rate policy

The Reserve Bank slashed interest rates while the economy was strong. Now we are left with an out-of-whack property market and rising inflation that may not be so easy to reverse.

Australia mustn't jump the gun on macro-prudential policy

1 comment
The effectiveness of macro-prudential policy in regulating financial systems has yet to be quantified, and the Murray Inquiry is right to advise that the RBA and APRA tread with caution.

Why inflation won't force the RBA's hand on rates

Despite inflation hitting the top of the Reserve Bank's target band in the June quarter, momentum is set to moderate, particularly given a soft outlook for the labour market and wage growth.

Freeing up the yuan could be seismic: RBA

Lowe flags more investment of foreign reserves in Chinese currency, upbeat on Aust clearing hub

QE hard to evaluate: Stevens

RBA governor says evidence of easing's effect in advanced economies 'hard to read'.

The RBA must shift out of neutral

The ongoing deterioration in labour market conditions, international trade and retail sales does not make for a pretty economic picture. Will it finally spur the Reserve Bank to act?

RBA uncertain on easing's effect

Central bank finds it difficult to judge extent to which low interest rates are working.

Home buyers could be better off renting: RBA

If house price growth eases, renting would be cheaper for average household, RBA says.

Policy myopia angles Australia towards recession

Too scared to enact suitable reform, economic policymakers have sheepishly followed global trends at the great expense of securing stable, long-term growth for the nation.

The 'new normal' has neutralised the RBA

Neutral interest rates are falling across the developed world, including in Australia, leaving the RBA with less room to move. If state and federal governments don’t pick up the slack a recession could be on the cards.

US hike could hurt Aust dollar: Stevens

Goldman Sachs economist says Reserve Bank could be forced to cut within months.

Weekend Economist: Disoriented doves

The doves are pointing to weaker economic data and dour confidence figures for rate cut calls. But both are not what they seem.

Weekend Economist: Stevens' swipe

Glenn Stevens had nothing to lose talking down the dollar. But we'd need to see a major consumer downturn for another rate cut.

Editor’s Picks

In this week's essential reading guide Kohler scrutinises the outsourcing of monetary policy to the US, Bartholomeusz ponders bank profitability and Gottliebsen counts the cost of currency carnage.

Super fees are 'quite high': RBA

Bank finds no social benefit to paying more than other countries for funds management.

Aust dollar lower at noon

by AAP
Local currency remains weaker following significant fall after Stevens speech, US data.

A dangerous housing downturn could be just around the corner

Despite weak economic conditions, the RBA appears worryingly unconcerned about Australia's high level of mortgage lending and the systemic risk it poses to the financial system.

A household spending slowdown is squeezing the economy

A fall in the value of retail sales suggests a sharp decline in household spending, with real GDP set to contract for the first time since March 2011. The RBA should seriously consider a rate cut to give consumers a boost.