Michele Bullock

Housing prices are falling in almost every suburb in Australia’s biggest cities, with values dropping faster in Brisbane than Sydney as the slowdown intensifies

For years, the Reserve Bank has been attempting, as gently as possible, to steer inflation back to its 2.5% target while trying to retain as many of the post-pandemic job gains as possible

Unemployment hit 4.6 per cent in August, the worst result since November 2021, when the economy was recovering from the economic disruptions caused by COVID pandemic lockdowns

Resurgent oil prices and inflation are weighing on markets but US tech stocks surged on Monday after Facebook owner Meta debuted its new Muse AI agent and saw its shares rise 11%

RBA Governor Michele Bullock has handed down a grim warning to millions of Australians ahead of the next interest rate decision

While petrol prices have fallen from their peak of about $2.50 a litre in our major cities earlier this year, they’re still hovering at about $2 a litre after the government’s fuel excise discount ended in August

She doesn’t like Kohler’s questions about a system called Boulder Sparhaven, “an algorithm that automatically exploits market functions”

Reserve Bank of Australia Holds Rates Steady but Remains Worried About Inflation

RBA board members will not be sitting on Monday and Tuesday discussing ways to prop up Sydney house values

Data released by Cotality this week showed the national property market at its weakest point since the Albanese government came to office in 2022, with capital city values falling by 0.9 per cent last month

On Tuesday, the RBA left the country’s official interest rate unchanged at 4.35 per cent in a decision that was widely expected

Instead of putting on her poker face and batting away probing questions about future moves, she gave journalists — and the public — a bit more to work with

Victoria’s Treasury has repeatedly produced budget-day bottom lines that proved more optimistic than the final results, casting fresh doubt over the slim $1 billion surplus forecast for the year ahead in this week’s state budget

That adds nearly $100 in monthly repayments to an average $600,000 mortgage

Wrapping up the May policy meeting, the Reserve Bank of Australia raised its main cash rate by 25 basis points to 4.35%, undoing all of the three rate cuts made in 2025

Bank of Korea’s New Chief Signals Flexible Policy Amid Oil Risks

Payment schemes will still cost money to operate and businesses will still have to pay providers

Bullock fronted the media on March 17 to announce the RBA board's decision to increase the cash rate to 4.1 per cent, a move that will see struggling families pay roughly $180 more each month on their mortgage than they were in December

If oil reaches $US120 a barrel and then takes three years to fall back to its pre-conflict level, inflation is likely to push towards 5.5 per cent or even higher

DiDi trips in electric vehicles will also be subject to the surcharge, though their drivers are not incurring petrol costs

Australia Delivers First Back-to-Back Rate Hikes Since Mid-2023

The decision sent global wholesale gas prices soaring by 50% in Europe and approaching 40% in Asia, reminiscent of the global energy chaos unleashed by Russia’s invasion of Ukraine four years ago

Queensland’s peak motoring body has referred petrol retailers to the consumer watchdog over what they think are unfair price hikes in Brisbane that cannot be linked to war in the Middle East

This could mean Australians could see petrol prices increase, which will add to overall inflation — a key measure affecting interest rates

And policymakers didn’t think homeowners or renters had the spare capacity

This skill is most often tested during the various parliamentary committee hearings where one side of politics or the other seeks to get Bullock to agree with their take

UNSW economics professor Bruce Preston has been appointed to the Reserve Bank’s interest-rate setting board, starting his five-year term in March

The Reserve Bank governor has called on businesses to help lift Australia's sluggish productivity growth as she tries to bring inflation under control

The Reserve Bank of Australia delivered its first interest-rate rise in more than two years, a move that could herald a broader shift in global credit policy as the world economy heats up again

Last month the International Monetary Fund warned economic risks are “tilted to the downside”

The Reserve Bank has lifted the interest rates by 0.25 percentage points during its February meeting

Government spending is under fresh scrutiny after bleak inflation figures virtually locked in an interest rate hike next week, tightening the financial squeeze on households already stretched by surging bills

Even so, most people would prefer the Reserve Bank governor and the RBA’s board setting interest rates rather than the prime minister or treasurer

In an interview with the Australian Broadcasting Corporation, Reserve Bank of Australia Deputy Governor Andrew Hauser was asked about data released on Wednesday showing annual CPI inflation slowed to 3.4% in November, from 3.8% the previous month