Reserve Bank backs budget economic forecasts but warns US inflation a growing risk

Reserve Bank backs budget economic forecasts but warns US inflation a growing risk

Updated May 15, 2018 15:04:26 The Reserve Bank is confident Australia will meet, and possibly exceed, the economic forecasts in the Federal Government’s latest budget, but warns there are overseas risks to the outlook. The bank’s deputy governor, Guy Debelle, said the RBA was becoming increasingly confident about Australia’s domestic …

Reserve Bank keeps rates on hold for 19th consecutive meeting

Reserve Bank keeps rates on hold for 19th consecutive meeting

Posted May 01, 2018 14:30:15 The Reserve Bank has kept interest rates on hold at the historic low of 1.5 per cent for the 19th consecutive meeting. The decision was widely expected with the market pricing in a zero chance of rates moving. The RBA last moved in August 2016 …

Australia’s record low wages growth may be over, Reserve Bank boss says | Business

Australia’s painful run of record low wages growth may have finally troughed, according to the Reserve Bank governor, who says wages are expected to grow more quickly from this point. If so, it will be a welcome relief for households across the country, where staggeringly low wage increases of 2% …

Greens push for Reserve Bank to become a ‘people’s bank’ offering cheap home loans

Greens push for Reserve Bank to become a ‘people’s bank’ offering cheap home loans

Updated April 04, 2018 13:59:29 Video: Richard Di Natale announced his ‘people’s bank’ proposal at the National Press Club (ABC News) The Greens are suggesting turning the Reserve Bank into a “people’s bank” that could give borrowers up to 60 per cent of the cost of a house at lower …

Federal Reserve lifts interest rates; Wall Street surges, then finishes lower

Federal Reserve lifts interest rates; Wall Street surges, then finishes lower

Updated March 22, 2018 07:58:58 Photo: Jerome Powell chairs his first meeting as the new Fed chief and raises US interest rates by 0.25 per cent. (Reuters: Joshua Roberts) Wall Street ended its day lower, after the Federal Reserve lifted US interest rates and forecast at least two more hikes …