News | Latest Breaking News Stories & Headlines

Australia cuts interest rates, signals more to come

Australia's central bank today cut interest rates for a third time this year and signaled further policy easing might be needed to meet its inflation and employment goals as the economy lost some momentum.

Business • 12 Aug

Reserve Bank of Australia Governor Michele Bullock

Australia's central bank closer to cutting rates

Australia's central bank is getting closer to joining its peers in cutting interest rates, having sat tight for over a year now, but much will depend on the data to decide whether it can move as early as February.

Business • 10 Dec 24

Michele Bullock, the governor of the Reserve Bank of Australia

Australia's RBA holds rates as inflation cools

Australia's central bank held interest rates steady today but cautioned that a further increase could not be ruled out given inflation was still too high, a strong signal that it isn't in a hurry to start easing policy anytime soon.

Business • 06 Feb 24

The Reserve Bank of Australia kept rates at a 12-year high of 4.35% today

Australia to hold rates steady until at least February

Australia's central bank held interest rates steady today as expected, buying it more time to assess the state of the economy and decide whether to tighten further next year even as the US and Europe are seen as almost certain to ease.

Business • 05 Dec 23

The Reserve Bank of Australia Governor Michele Bullock

Australia raises rates to curb stubborn inflation

Australia's central bank has today raised the key interest rate to a near 12-year high to tame stubbornly high inflation.

Business • 07 Nov 23

Michele Bullock, the new Reserve Bank of Australia Governor

Australia keeps key interest rate on hold

Australia's central bank held interest rates steady today for a fourth month in a row and showed no urgency to hike again.

Business • 03 Oct 23

Michele Bullock, the new Governor of the Reserve Bank of Australia

Australia picks first female central bank chief

Australia has appointed the first female head of its central bank, passing over the current governor to elevate his deputy to the high-profile job amid a public backlash over steeply rising interest rates.

Business • 14 Jul 23

Michele Bullock