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THE TRUTH ABOUT: 25 - Caught on Camera

RBA predicts weaker economy for the rest of 2023 as cost of living pummels households

The Reserve Bank’s latest update predicts wage growth to remain steady but rent inflation will increase

The Guardian - AU

RBI says 88% of ₹2,000 notes returned to banks

As much as 88% of the ₹2,000 banknotes in circulation as on May 19, 2023, have since been returned.

The Hindu

Australia is about to set its first full employment target – and it will define people's lives for decades

Stand by for one of the most important decisions Treasurer Jim Chalmers and the Albanese government will make.

The Conversation

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Inflation has peaked – but will the RBA stop raising rates and focus on locking in low unemployment?

The latest numbers show success in the fight against inflation even as jobs figures remain stable

The Guardian - AU

Underlying inflation has slipped below 6%, but is the slide enough to stop the RBA pushing up rates further?

Australia’s inflation rate has fallen for the second consecutive quarter.

The Conversation

Australia’s June quarter inflation falls to 6%, ABS reports

Drop was more than expected by economists, increasing likelihood the Reserve Bank will extend its interest rate pause next week

The Guardian - AU

Unemployment rate falls to 3.5% as the economy adds 32,600 jobs in June on latest ABS figures

The bureau of statistics labour numbers will be examined closely by the Reserve Bank when it meets on August 1 to consider interest rates

The Guardian - AU

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Australia is on the brink of ending interest rate hikes and an economic first – beating inflation without a recession

What if Reserve Bank Governor Philip Lowe and his successor Michele Bullock were able to achieve something truly remarkable – a steady decline in inflation without further interest rate increases, and without bringing on a recession.

The Conversation

Economy could slow more than the Reserve Bank expected, latest RBA minutes reveal

Bank left cash rate unchanged in July and meeting minutes state squeeze on households means consumption could slow ‘more sharply than implied by the current forecasts’

The Guardian - AU

First female RBA governor to bring 'reform agenda'

The incoming governor of the Reserve Bank, Michele Bullock, will have a full plate overhauling the major institution and laying out new ground rules.

AAP

History's bitter lesson: Interest rates hikes aren't over till they're over

The Reserve Bank has called a halt to interest rate rises. But pre-GFC pauses were followed by renewed hikes.

Newsroom.co.nz

Hundreds charged after NSW domestic violence operation; South Australia moves to ban no cause evictions – as it happened

This blog is now closed.

The Guardian - AU

New RBA governor to send the right message on rate talk

A leading economist says the Reserve Bank's new governor brings monetary policy credibility while the treasurer praises her leadership and communication skills.

AAP

Australia appoints first female governor in central bank’s history

Michele Bullock will start her seven-year term as Reserve Bank of Australia governor this September

The Independent UK

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The Guardian - AU

RBA lifer Michele Bullock may have the luck of playing good cop to Philip Lowe’s bad

The Reserve Bank of Australia’s first female governor will begin her appointment at or very near the end of the cycle of rate rises

Al Jazeera

Australia names first woman to lead central bank

Michele Bullock will take over as governor of the Reserve Bank of Australia in September.

The Conversation

Politics with Michelle Grattan: Treasurer Jim Chalmers on Michele Bullock's appointment as Reserve Bank Governor

For months, speculation has swirled about the appointment of a new governor of the Reserve Bank, a key position in the management of the Australian economy.

The Conversation

Meet Michele Bullock, the RBA insider tasked with making the Reserve Bank more outward-looking as its next governor

Australia’s next Reserve Bank governor, Michele Bullock – the first woman in the job – will take office in September at a time when much of the bank’s work in fighting inflation will be done and its focus will be on changing the way it operates.

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The Guardian - AU

Michele Bullock: what you need to know about the RBA’s new governor

The Reserve Bank ‘lifer’ will succeed Philip Lowe in the top job. Who is Michele Bullock and what has been the reaction to her appointment?

AAP

'Country girl' elevated to vital national economic role

The Reserve Bank of Australia will have a new governor from September in veteran central bank official Michelle Bullock.

The Conversation

Reserve Bank veteran Michele Bullock becomes first woman governor, replacing Philip Lowe

The government has appointed Michele Bullock the new governor of the Reserve Bank – the first woman to occupy the post.

AAP

First woman to lead Reserve Bank as Lowe exit locked in

Philip Lowe will leave his post as head of the Reserve Bank, with Michele Bullock the first woman picked to lead Australia's central bank.

Newsroom.co.nz

Reserve Bank's meat is retailers' poison

Not everyone will be pleased the RBNZ's drastic measures to cool the economy appear to be working, reports Nikki Mandow

The Guardian - AU

Where to next for the Australian economy, the RBA – and Philip Lowe?

The Reserve Bank governor will soon find out if his term has been extended – but economic hints from major banks tell a happier story than expected

Newsroom.co.nz

Forced sale concerns for 43,000 mortgage holders: survey

Around 3 percent of mortgage holders face the very real possibility of a having to sell over the next year as a result of higher interest rates.

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