How do higher interest rates affect inflation?
The 13th interest rate increase since May 2022 has re-ignited the debate about the use of higher interest rates to fight inflation.
RBA
September quarter: inflation higher than expected
Prices were 5.4% higher in September than the previous year, according to the latest official inflation figures.
RBA keeps cash rate at 4.1% for the fourth month in a row
The Reserve Bank of Australia (RBA) has kept the cash rate unchanged at 4.1% for a fourth consecutive month.
Philip Lowe hits back at media in final speech as RBA Governor
In his final speech, RBA Governor Philip Lowe has criticised the media for personal attacks but admitted he had “difficulties” communicating.
Inflation slows for the third straight month
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 be replaced at the end of his term
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 for July
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 has raised the cash rate to its highest level in 10 years
The Reserve Bank of Australia (RBA) increased the cash rate from 2.85% to 3.1% today.
