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.
Reserve bank
Cash rate reaches 12-year high
Why did the cash rate rise? The Reserve Bank decided to raise the cash rate again on Tuesday, after keeping it unchanged since July.
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”.
