The RBA didn't want to start cutting rates too late, governor Bullock says
The RBA was too slow to lift rates, and it didn't want to make the same mistake when cutting them, the central bank's governor has told a parliamentary committee.
RBA Doesn’t Share Market’s Confidence on Rate-Cut Path: Q&A
Australia’s central bank still has “work to do” to bring inflation back to its 2-3% target and doesn’t yet share the market’s confidence about the trajectory of interest-rate cuts, Deputy Governor Andrew Hauser told Bloomberg in an interview Thursday.
RBA governor says bank was too late to hike interest rates
Michele Bullock says the bank’s heavy-footed response to inflation weighed on the board’s mind as it made the first cut to interest rates in years.
RBA Joins Wave of Global Central Bank Easing With First Rate Cut Since 2020
SYDNEY–The Reserve Bank of Australia cut interest rates for the first time since 2020 on Tuesday, joining its international counterparts in the global easing cycle and opening the door for the immediate calling of a federal election,
Australian Reserve Bank Announces First Rate Cut Since 2020
The Reserve Bank of Australia (RBA) announced a rate cut of 25 basis points, bringing the cash rate down to 4.10% on Tuesday. This move marks the first rate reduction since November 2020, signaling the bank’s concern over domestic economic uncertainties.
Reserve Bank of Australia (RBA) cuts interest rates for the first time since 2020
The Reserve Bank Board of Australia (RBA) announced they had cut interest rates by 25 basis points to 4.10%. The easing is the first since November 2020, when the central bank cut rates while grappling with the pandemic’s economic slowdown.
RBA Has Little Love for Rate Cut It Just Announced
So tentative was the Australian central bank’s first reduction in official interest rates that it begs the question: How much support did the cut actually get around the central bank’s board table?
RBA rates call will fuel inflation and prolong cost-of-living crisis
The board has broken the sacred rule of modern central banking: do not pump prime the economy before an election, ...
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Rate cuts, 'hurt' households, and crypto: Key takeaways from the RBA's grilling
Australia's labour market has largely held up by comparison, but this has created uncertainties for the RBA to navigate. "We can be satisfied with the progress made so far, though the job is ...
RBA’s Bullock Alert to Signs Job Market Shows Stronger Economy
Australia’s central bank is closely monitoring the state of the labor market as persistent tightness may signal a stronger ...
Bullock concedes RBA too slow to raise rates against inflation
The Reserve Bank governor said one of the reasons the board cut the cash rate this week was because it did not want to be too ...
RBA governor Michele Bullock, senior staff to face parliament grilling after first rate cut
Reserve Bank governor Michele Bullock will face a three-hour grilling by politicians following the central bank’s first rate ...
RBA’s Bullock: Board remains cautious about prospects for further policy easing
Reserve Bank of Australia Governor Michele Bullock said late Thursday that the central projection suggests that if monetary ...
Business news updates: RBA governor Michele Bullock to face questions after rate cut, ASX to rise, Aussie dollar up
The Australian share market looks set to rise in the final session of the week, while Walmart weighs on Wall Street. Reserve ...
RBA Statement Should Back Prospects for Shallow Easing Cycle, Anchor AUD/USD Near Term
The RBA statement should back prospects for a shallow easing cycle and anchor the Australian dollar against its U.S ...