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Australia's Q2 GDP growth quickens to two year high

Australia's economy grew at the fastest annual pace in almost two years in the second quarter as consumers finally started spending after multiple rate cuts, taking over from the government as the main driver of growth.

Business • 03 Sep

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

Australia's Q2 inflation surprises on low side

Australian consumer prices grew at the slowest pace in over four years in the June quarter, data showed today, while core inflation hit a fresh three-year low and cemented market wagers for a cut in interest rates next month.

Business • 30 Jul

Australia's central bank keeps rates steady at 3.85%

Australia's central bank today left its cash rate steady at 3.85%, a shock for markets that had confidently wagered on a cut, saying the majority of the board wanted to wait for more information to confirm inflation was slowing.

Business • 08 Jul

Reserve Bank of Australia Governor Michele Bullock

Australia's central bank holds rates steady

Australia's central bank has today left its cash rate steady as widely expected but took a small step towards further easing in a policy meeting dominated by risks of a global trade war.

Business • 01 Apr

Australia cuts rates for first time since 2020

Australia's central bank cut its key interest rate today for the first time in more than four years, but warned global turmoil could derail further easing.

Business • 18 Feb

Today's data from the Australian Bureau of Statistics showed the consumer price index rose 0.2% in the fourth quarter, less than forecasts of a 0.3% increase

Australia inflation cools in Q4, opens door to rate cut

Australian consumer prices rose at the slowest pace in almost four years in the December quarter, while a pullback in housing costs helped cool core inflation and open the door to a cut in interest rates as early as next month.

Business • 29 Jan

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

Australia's GDP rose 0.3% in the September quarter, missing market forecasts of 0.4%

Australia's third quarter GDP growth disappoints

Australia's economy in the third quarter grew at the slowest annual pace since the pandemic, disappointing hopes for a rebound as government spending did all of the heavy lifting and consumers remained cautious.

Business • 04 Dec 24

The Reserve Bank of Australia kept rates at a 12-year high of 4.35% and said policy would have to be sufficiently restrictive to ensure inflation returned to target.

Australia's central bank keeps rates on hold

Australia's central bank has today held interest rates steady as expected and reiterated that policy needed to stay tight to bring inflation to heel, sticking to its guns a week after the Federal Reserve started its easing campaign with a bang.

Business • 24 Sep 24

Australia's second-quarter gross domestic product expanded just 0.2% from the previous three months, new figures show today

Australia posts 'soft' growth as economic gloom remains

Australia's ailing economy recorded another quarter of near moribund growth, with data today showing second-quarter gross domestic product expanded just 0.2% from the previous three months.

Business • 04 Sep 24

RBA felt the need to push back against talk of a near-term reduction in rates

Australia central bank says near-term rate cut unlikely

Australia's central bank judged a near-term rate cut was unlikely and policy might need to stay restrictive for an "extended period" to ensure inflation can be tamed, after debating whether or not to hike at its August policy meeting.

Business • 20 Aug 24

The Reserve Bank of Australia has kept rates at a 12-year high of 4.35% and said policy would have to be sufficiently restrictive to ensure inflation returned to target

Australia's central bank holds interest rates steady

Australia's central bank held interest rates steady today as expected, while reiterating that it was not ruling anything in or out to control inflation, a result that led markets to slightly pare back the chance of a November rate cut.

Business • 06 Aug 24

The Australian consumer price index rose at an annual pace of 4% in May, up from 3.6% in April and well above market forecasts of 3.8%

Australia inflation jumps to six month high in May

Australian consumer inflation accelerated to a six-month high in May, while a key measure of core prices rose for a fourth month, figures that caught traders off-guard and prompted markets to raise the chances of another interest rate hike this year.

Business • 26 Jun 24

Australia's central bank holds rates steady

Australia's central bank held interest rates steady today as expected but warned there were still reasons to be vigilant against inflation risks, leading markets to pare back the chance of a rate cut this year.

Business • 18 Jun 24

Australia's real gross domestic product rose 0.1% in the first quarter, just under market forecasts of 0.2%

Australia's economy slows to a crawl in first quarter

Australia's economy slowed to a crawl in the March quarter as high borrowing costs and still-elevated inflation put the brakes on consumer spending, even as the prospect of relief on interest rates remains a distant one.

Business • 05 Jun 24

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

Australia's RBA says sees no need to hike rates

Australia's central bank chief said today that interest rates were at the right level after holding steady for a sixth month, but cautioned that inflation risks were on the upside in a sign policy was unlikely to be eased anytime soon.

Business • 07 May 24

Data from the Australian Bureau of Statistics showed the consumer price index rose by 1% in the first quarter, above market forecasts of 0.8%

Australia's Q1 inflation slowdown disappoints

Australian consumer price inflation slowed less than expected in the first quarter as service cost pressures stayed stubbornly high, a disappointing result for policymakers that led markets to abandon hopes for any rate cuts this year.

Business • 24 Apr 24

Reserve Bank of Australia Governor Michelle Bullock

Australia's central bank holds rates as expected

Australia's central bank held interest rates steady today and watered down its tightening bias, signalling greater confidence that inflation is moving back to its target as the economy slows.

Business • 19 Mar 24

Australia's economy barely grew in the third quarter as exports flagged and households were reluctant to spend

Australia's economy slows to a crawl in third quarter

Australia's economy barely grew in the third quarter as exports flagged and households - reeling from a surge in mortgage payments - were reluctant to spend, suggesting rate increases were working to restrain demand.

Business • 06 Dec 23

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

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

Data from the Australian Bureau of Statistics showed GDP rose 0.4% in the second quarter, slightly beating forecasts of 0.3%

Australian economy grows modestly in Q2

Australia's economy expanded by more than expected in the second quarter, driven by exports and investment, while household consumption remained weak as decade-high interest rates worked to cool demand.

Business • 06 Sep 23

Outgoing Reserve Bank of Australia Governor Philip Lowe

Australia holds rates steady for third month

Australia's central bank today kept interest rates steady for a third month in a row at the last meeting chaired by Governor Philip Lowe, and reiterated that some further tightening may still be needed to curb inflation.

Business • 05 Sep 23

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

Reserve Bank of Australia

Australia's Q2 GDP growth quickens to two year high

Australia cuts interest rates, signals more to come

Australia's Q2 inflation surprises on low side

Australia's central bank keeps rates steady at 3.85%

Australia's central bank holds rates steady

Australia cuts rates for first time since 2020

Australia inflation cools in Q4, opens door to rate cut

Australia's central bank closer to cutting rates

Australia's third quarter GDP growth disappoints

Australia's central bank keeps rates on hold

Australia posts 'soft' growth as economic gloom remains

Australia central bank says near-term rate cut unlikely

Australia's central bank holds interest rates steady

Australia inflation jumps to six month high in May

Australia's central bank holds rates steady

Australia's economy slows to a crawl in first quarter

Australia's RBA says sees no need to hike rates

Australia's Q1 inflation slowdown disappoints

Australia's central bank holds rates as expected

Australia's economy slows to a crawl in third quarter

Australia to hold rates steady until at least February

Australia keeps key interest rate on hold

Australian economy grows modestly in Q2

Australia holds rates steady for third month

Australia holds rates steady, might be done tightening