RBA

The Reserve Bank has left interest rates on hold at 4.35%, a move that had been largely expected as the Government faces calls to intervene.

The Greens are calling on Treasurer Jim Chalmers to lower interest rates, a move that’s never been done, but could the Treasurer do it?

To understand why global stock markets have dipped, we first need to understand what’s happened in the U.S. economy.

The Reserve Bank of Australia (RBA) has set the cash rate for June 2024 at 4.35%. For comparison, it was 0.10% at the start of 2022.

The Reserve Bank cash rate decision was unveiled by the board on Tuesday afternoon after a two-day meeting.

The 13th interest rate increase since May 2022 has re-ignited the debate about the use of higher interest rates to fight inflation.

Prices were 5.4% higher in September than the previous year, according to the latest official inflation figures.

The Reserve Bank of Australia (RBA) has kept the cash rate unchanged at 4.1% for a fourth consecutive month.

In his final speech, RBA Governor Philip Lowe has criticised the media for personal attacks but admitted he had “difficulties” communicating.

Inflation grew by 4.9% in the year up to July 2023, according to the latest figures from the Australian Bureau of Statistics.

RBA Governor Philip Lowe will not be re-appointed for a second term, replaced instead by his deputy Michele Bullock.

The RBA has left interest rates unchanged at 4.1% for the month of July, with RBA Governor Philip Lowe saying inflation has “passed its peak”.

The Reserve Bank of Australia (RBA) increased the cash rate from 2.85% to 3.1% today.