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Reserve Bank of Ausrtalia

This tag is associated with 7 posts

18 Oct 2019 (AFR) – Jobless rate dips to 5.2pc

(18 October 2019, AFR, p5, Matthew Cranston and Jonathan Shapiro) ‘A lower unemployment rate of 5.2 per cent in September has slashed the chances of a back-to back interest rate cut from the Reserve Bank in November and pushed the Australian dollar back close to US68¢. The economy added 14,700 new jobs last month after … Continue reading

14 June 2019 (AFR) – Jobs data puts heat on RBA for more cuts

(14 June 2019, AFR, p4, Matthew Cranston, Reporter) ‘The highest growth rate in jobs for more than a year, rebounding iron ore prices and the ASX-200 near an 11-year high has not changed the financial market’s view that the Reserve Bank will have to cut rates again next month. The economy created 42,300 new jobs … Continue reading

25 April 2019 (TheAge,SMH) – Reserve Bank under pressure to cut interest rates days out from election

(25 April 2019, The Age, p1, By Shane Wright) ‘The Reserve Bank of Australia is under growing pressure to deliver an interest rate cut 11 days out from the federal election after a shock inflation reading sounded fresh warnings that the economy is weakening. Financial markets now believe there is a 60 per cent chance … Continue reading

18 Oct 2018 (AFR) – Wages to ‘pick up gradually’: RBA

(18 October 2018, AFR, p9, by Patrick Commins) ‘A meaningful pick-up in wage growth looks set to remain elusive as economic growth over the next few years gradually reduces spare capacity in the labour market, deputy Reserve Bank governor Guy Debelle said. The labour market remains in “pretty good shape,” Mr Debelle said in a … Continue reading

18 July 2018 (TheAge,SMH) – RBA ‘monitoring’ household debt as trade tensions escalate

(18 July 2018, The Age, p2, Eryk Bagshaw) ‘Australia’s housing obsession in urban centres, low interest rates and financial deregulation have driven the country’s household debt to among the highest in the developed world, leaving it vulnerable to an economic shock, the Reserve Bank has warned.’ Read more at

4 Apr 2018 (TheAge) – RBA keeps cash rate steady for a record 20, with no end in sight

(4 April 2018, The Age, Business, p29, Peter Martin) ‘The Reserve Bank has kept its cash rate on hold for a record 20 consecutive months, giving no clues as to when it will move, amid talk of another 20 to come. The cash rate was last cut in August 2016. Tuesday’s decision to keep it … Continue reading

21 Feb 2018 (TheAge) – RBA keeping close eye on ‘pockets’ of mortgage stress

(21 February 2018, The Age, p1, By Clancy Yeates & Eryk Bagshaw) ‘The Reserve Bank says there are “pockets” of financial stress among the highly-indebted household sector, and it is closely watching how customers with interest-only loans manage when they are required to start paying back principal over the coming years. The central bank’s assistant … Continue reading