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The Reserve Bank of Australia's Governor Philip Lowe is due to end his term in September

Australia holds rates steady, might be done tightening

Australia's central bank has today held interest rates at 4.1% for a second month in a row, saying past increases were working to cool demand, but retained a warning that some more tightening might be needed to curb inflation.

Business • 01 Aug 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

Governor of the Reserve Bank of Australia Philip Lowe

Higher than expected Australian interest rate hike

Australia's central bank has today raised interest rates by the most in 22 years and flagged more tightening to come as it battles to restrain surging inflation, stunning markets.

Business • 07 Jun 22

The Reserve Bank of Australia says it is in no hurry to increase interest rates

Australia's central bank ends bond buying

Australia's central bank kept its cash rate at a record low of 0.1% today and ended its A$275 billion bond buying campaign as expected, but pushed back hard on market wagers for an early rate rise.

Business • 01 Feb 22

Reserve Bank of Australia Governor Philip Lowe said interest rates were not expected to rise from record lows until 2024

Australia's central bank optimistic on recovery

Australia's top central banker has said that the coronavirus lockdowns would cause a sharp contraction in the economy this quarter but was confident activity would rebound quickly once restrictions were eased in coming months.

Business • 14 Sep 21

The Reserve Bank of Australia left its cash rate and the three-year government bond yield target at 0.1%

Australia's central bank expands QE by $76 billion

Australia's central bank held rates at near-zero in a widely expected decision today but surprised markets by expanding its bond buying programme by another A$100 billion to help strengthen the economic recovery.

Business • 02 Feb 21

Australia holds interest rates as housing market booms

Australia's central bank held rates at near-zero in a widely expected move today as easy monetary and fiscal policies propped up the coronavirus-hit economy, fueling demand for homes and boosting construction activity.

Business • 01 Dec 20

The Reserve Bank of Australia kept rates at 0.25%, in a widely expected move, amid the Covid-19 crisis

Australia's central bank expands low-cost funding

Australia's central bank today unexpectedly expanded its low-cost funding scheme for lenders as the economy looked set to post its worst contraction since the Great Depression due to the coronavirus pandemic.

Business • 01 Sep 20

Governor Philip Lowe noted Australia's A$2 trillion economy was in the midst of its biggest contraction since the 1930s

Australia's central bank holds rate at record low

Australia's central bank held its cash rate at an all-time low today, in a widely expected decision, and said it will help buttress the economic recovery by maintaining its accommodative approach for "as long as it is required."

Business • 07 Jul 20

Australian interest rates cut to record lows

Australia cuts rates to record low on virus fears

Australia's central bank today cut interest rates to a record low and said it was ready to provide further action if needed as policymakers around the world pledge economic support against the impact of the coronavirus.

Business • 03 Mar 20

Philip Lowe