The Reserve Bank of Australia has created a new index for uncertainty in the Australian economy based on news, financial indicators and economic variables.
Current conditions make for a wild ride for investors.
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The Reserve Bank of Australia has decided to leave the official cash rate unchanged at a record low of 2%, but said there was scope for a rate cut down the line.
New treasurer Scott Morrison greets RBA Governor Glenn Stevens.
AAP/Paul Miller
Comments by RBA Governor Glenn Stevens that monetary policy in the form of lower interest rates may have reached its limits, needs to prompt debate on fiscal policy taking over.
Treasurer Joe Hockey is hoping budget measures aimed at small business translate to economic growth.
Dan Peled/AAP
With rates on the way down the problem of runaway property investing has been left to the regulator APRA. But regulators should not be used as agents of short-term government policy.
The less surprised markets are on interest rate moves the better.
Paul Miller/AAP
Though markets had somewhat priced in an Australian interest rate cut yesterday, many analysts and commentators were still left surprised. The rate had not been cut for 18 months. Over that period commentary…
The drop in oil prices, and consequently fuel costs, is driving down inflation and helping the Australian economy.
Andy Rain/EPA/AAP
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
It’s been a steady-as-she-goes year for Reserve Bank Governor Glenn Stevens.
Alan Porritt/AAP
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
Reserve Bank governor Glenn Stevens is closely watching rising house prices.
Dean Lewins/AAP
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
Should housing policy and tax reform be driven by pricey Sydney housing?
Aaron Jacobs/Flickr
The perennial debate about negative gearing of residential property investments has been reignited yet again, by two reports in the past week. The International Monetary Fund has nominated taxes on housing…
Dealing with housing bubbles can get messy for central banks.
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Australia’s central bank has formally flagged the use of macroprudential tools to address what it called “unbalanced” lending in its most recent Financial Stability Review. Loan-to-valuation ratio (LVR…
Double speak? It isn’t easy being a reserve banker.
Dan Peled/AAP
Last Tuesday the minutes of August’s Reserve Bank of Australia board meeting were released. Market participants speculated about what they would say, currency and bond markets responded to what they did…
The Reserve Bank’s mandate is much broader than that of prudential regulator, APRA.
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One of the major recommendations made by the 1997 Wallis Inquiry into banking was to establish a prudential regulator for the financial sector separate from the Reserve Bank of Australia. The new regulator…