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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

Data from the Australian Bureau of Statistics today showed the consumer price index rose 0.8% in the second quarter from the first quarter of 2023

Slowing Australia inflation lessens rate hike pressure

Australian inflation slowed more than expected in the second quarter thanks to falls in the cost of domestic holidays and petrol, suggesting less pressure for another hike in interest rates and sending the local dollar sharply lower.

Business • 26 Jul 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

The Reserve Bank of Australia today lifted the key rate 25 basis points to 4.1% - the highest level since May 2012

Australia lifts key interest rate, flags further rises

Australia's central bank hiked interest rates to an 11-year high today and warned that further rises may be on the horizon to get surging prices under control.

Business • 06 Jun 23

Philip Lowe, the governor of the Reserve Bank of Australia

Australia central bank stuns with 0.25% rate hike

Australia's central bank today stunned markets by raising its cash rate 25 basis points when traders had looked for an extended pause.

Business • 02 May 23

The annual pace of inflation in Australia slowed to 7% in the first quarter of 2023 from a rate of 7.8%

Australia's inflation rate slows in first quarter to 7%

Australian inflation eased from 33-year highs in the first quarter as the cost of living saw the smallest rise in more than a year, while core inflation dipped below forecasts suggesting less pressure for another hike in interest rates.

Business • 26 Apr 23

The Reserve Bank of Australia has left interest rates unchanged today

Australia pauses rate hikes to assess inflation

Australia's central bank has left its cash rate unchanged at 3.6% to break a run of 10 hikes in a row, saying it wanted additional time to assess the impact of past increases as the economy slows and inflation has peaked.

Business • 04 Apr 23

The Reserve Bank of Australia as been criticised for raising interest rates - and pushing up mortgage repayments - as people face spiralling food and electricity prices

Australian central bank lifts rates to 11-year high

Australia's central bank has today increased interest rates to a 11-year high, putting mortgage holders under mounting pressure as it tries to curb inflation.

Business • 07 Mar 23

Australian inflation rose a startling 8.4% in December compared to the same month a year ago, up from 7.3% in November

Australia inflation surges further to 33 year high

Australian inflation shot to a 33-year high last quarter as the cost of travel and electricity jumped, a shock result that adds to the case for the country's central bank to raise interest rates again next month.

Business • 25 Jan 23

The Reserve Bank of Australia lifted its cash rate by 25 basis points to 3.1% today

Australia central bank raises rates to 10-year high

Australia's central bank has today raised interest rates to a 10-year high and stuck with its projection that more hikes are needed to cool inflation.

Business • 06 Dec 22

Australia's annual rate of inflation shot up to 7.3%, from 6.1%, the highest since 1990 and almost three times the pace of wage growth

Australia's inflation races to 32-year high

Australian inflation raced to a 32-year high last quarter as the cost of home building and gas surged, a shock result that stoked pressure for a return to more aggressive rate hikes by the country's central bank.

Business • 26 Oct 22

The Reserve Bank of Australia today raised its cash rate to a nine-year peak of 2.6% - the sixth hike in as many months

Australia slows pace of rate hikes in surprise move

Australia's central bank today surprised markets by lifting interest rates by a smaller-than-expected 25 basis points, saying they had already risen substantially.

Business • 04 Oct 22

The Reserve Bank of Australia today raised its cash rate to a seven year high of 2.35%

Australia's central bank hikes rates, says more to come

Australia's central bank raised its cash rate 50 basis points to a seven-year high of 2.35% today and left the door wide open for yet more tightening ahead as it fights to restrain surging inflation.

Business • 06 Sep 22

The Reserve Bank of Australia lifted its cash rate by 50 basis points to 1.85% today

Australia's central bank raises rates again

Australia's central bank has today raised interest rates for a fourth month in a row, but tempered guidance on further hikes as it forecast faster inflation but also a slowdown in the economy.

Business • 02 Aug 22

The Reserve Bank of Australia lifted its cash rate by 50 basis points to 1.35%, marking 125 basis points of hikes since May and the fastest series of moves since 1994

Australia's central bank raises rates for third month

Australia's central bank has today raised interest rates for a third month in a row and flagged more ahead as it struggles to contain surging inflation even at the risk of triggering an economic downturn.

Business • 05 Jul 22

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

Australia's interest rates see first hike in over a decade

Australia's central bank hikes interest rates

Australia's central bank has today raised its cash rate by a surprisingly large 25 basis points to 0.35%, the first hike in over a decade.

Business • 03 May 22

The Reserve Bank of Australia kept its cash rate at 0.1%, but noted inflation had picked up and was likely to rise further

Australia's central bank raises prospect of rate hike

Australia's central bank has today opened the door to the first interest rate increase in more than a decade as it dropped a previous pledge to be "patient" on policy, a major surprise that sent the local dollar to nine-month highs.

Business • 05 Apr 22

The Reserve Bank of Australia held rates at 0.1% and said it was prepared to wait for a long-desired pick up in wages growth before acting to tighten policy

Australia's central bank holds rates at record lows

Australia's central bank has today kept interest rates at a record low and cited the war in Ukraine as a major new source of uncertainty as it stressed patience on tightening policy.

Business • 01 Mar 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

The Reserve Bank of Australia is in no rush to taper its stimulus programme

Australia's central bank sticks with policy patience

Australia's central bank left interest rates at 0.1% today and stuck with its bond buying plans, resisting pressure to follow its US counterpart in signaling an earlier winding down of stimulus.

Business • 07 Dec 21

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 held the cash rate at 0.1% today

Australia's central bank tapers QE campaign

Australia's central bank held the cash rate at 0.1% today and reiterated the need for the setting to remain unchanged until 2024 to help spark wage and inflation pressures, though it will pare its bond buying campaign.

Business • 06 Jul 21

Reserve Bank of Australia