The RBA’s latest forecasts assume no further rate rises will be needed. There’s nothing in the budget that should change that.
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Articles on Reserve Bank of Australia
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The Reserve Bank was made subservient to the government for a reason. Chalmers out to think carefully about abandoning the right to overrule it.
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.
Since the pandemic Australian workers’ share of national income and purchasing power has fallen at an unprecedented rate. New policies are needed.
Australia faces an unpredictable global outlook, rising interest rates and wages not keeping up with the cost of living.
Reserve Bank of Australia governor Philip Lowe is unrepentant about the prospect of further interest-rate rises. In fact, he says there’s a risk the bank is not doing enough.
The Reserve Bank of Australia tips economic growth to slow, inflation to remain high, spending to stagnate, unemployment to increase and real wages to fall further.
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.
The Conversation’s 29-member panel expects very weak economic growth and recessions in much of the rest of the world, but there’s good news down the track for Australians’ buying power.
While breaking with one “tradition”, an Indigenous motif on Australia’s $5 banknote will restore another.
Interest rates are almost certain to rise again in February, after the latest Consumer Price Index figures showing inflation hitting a record high of 7.8% in 2022.
The full effects of the eight consecutive increases in the Reserve Bank’s cash rate are yet to become apparent, and there are signs inflation is on the way down.
Lowe and the Reserve Bank are pushing up interest rates at almost the fastest pace on record to get the economy back in balance. It’s tough. But it has been done before – and here’s how it worked.
For homebuyers, there’s no interest rate relief in sight just yet. Here’s why.
At the right moment, Australia’s Reserve Bank would be wise to stop taking its lead from the US – holding interest rates here steady, even if they’re still rising overseas.
How could a central bank even make a loss, when its job is printing money? The answer is that during the COVID crisis it turned traditional investment advice on its head – and here’s why.
It costs just 20 cents to make a $2 coin, and 32 cents to make a $100 note, but eventually the money making is going to stop.
Rulers have used portraits on coinage to celebrate and reinforce their rule for centuries.
So far, we are not getting carried away about inflation.
Never, in the three decades the Reserve Bank has been targeting inflation, has it been tested by prices rising in unison like this.
Top contributors
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Professor of Economics, UNSW Sydney
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Professor, Warwick Business School, University of Warwick
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John Hawkins is a Friend of The Conversation.
Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
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Senior Lecturer, Research School of Economics, and Research Associate, Centre for Applied Macroeconomic Analysis, Australian National University
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Lecturer in Economics, Monash University
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Associate Professor, School of Economics, University of Sydney
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Visiting Fellow, Macquarie University Applied Finance Centre, Macquarie University
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Vice-Chancellor’s Fellow, University of Tasmania
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Consultant corporate finance and economics, Monash University
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Professor of Institutional Economics, RMIT University
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Professor of Economics and Finance, Tasmanian School of Business and Economics, University of Tasmania
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Economist and Director, Centre for Future Work, Australia Institute; Honorary Professor of Political Economy, University of Sydney
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Professor, Monash University
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Honorary Professor of Economics, UCL
