Although she has been with the bank four decades, the past two have been in areas remote from the setting of interest rates, meaning she won’t feel compelled to defend the mistakes of the past.
The government has appointed Michele Bullock the new governor of the Reserve Bank – the first woman to occupy the post. Bullock, currently deputy governor, replaces Philip Lowe, who has weathered strong…
Peter Martin, Crawford School of Public Policy, Australian National University
Australian home borrowers are experiencing much, much more interest rate pain than borrowers in New Zealand, Canada, the UK or US – for one simple reason.
Unless we boost productivity, wages growth could sink back to 2-3%. The Productivity Commission has some good solutions – and we’d argue redesigning the Stage 3 tax cuts should be on the list too.
Chalmers is in the driver’s seat as another Labor government copes with an economic crisis – very different from the GFC, but similar in being driven by circumstances not of the government’s making.
In this podcast, @michellegrattan and @amandadunn10 discuss the PwC scandal, Mark McGowans resignation, the PMs Singapore trip, and the inflation figures from the ABS
In this podcast, @michellegrattan and @amandadunn10 discuss another interest rate rise form the RBA, Labor's war on vaping and an increase to the tobacco tax, and the likely boost to JobSeeker for people aged 55 and over.
Just as we have the country’s smartest legal minds on the High Court and our best health practitioners setting vaccine policy, the review wants the best economists to set monetary policy.
These include the establishment of a separate Monetary Policy Board and Governance Board, aimed at making both decision-making and governance arrangements as effective as possible
@Michellegrattan and @amandadunn10 discuss the RBA's decision on interest rates, the Aston byelection result, the passing of First Nations leader Yunupingu, and TikTok bans
Peter Martin, Crawford School of Public Policy, Australian National University
More than one million borrowers are set to come off ultra-low fixed mortgage rates this year and next, meaning the full effect of the ten rate rises to date is yet to be felt.
Peter Martin, Crawford School of Public Policy, Australian National University
I graphed the average online rate for a $10,000 deposit against the Reserve Bank’s cash rate, going back to 2010. After seeing what that graph reveals, you’ll want to call your bank.
Peter Martin, Crawford School of Public Policy, Australian National University
The Reserve Bank has signalled it will keep pushing up rates until it has reigned in inflation – even if this means weaker economic growth, with income per person barely growing for years to come.
In this podcast, Michelle and politics + society editor Amanda Dunn discuss the RBA rate rise, Lidia Thorpe's defection to the crossbench and the ongoing Voice debate