inflation target

The Reserve Bank governor will hold press conferences after each meeting on interest rates to explain decisions to homeowners under a huge shake up of the central bank.In a landmark report that outlines the lessons learned during the Covid…

The Reserve Bank board that sets interest rates is set for the biggest shake up in decades after a string of forecast bungles.The Treasurer, Jim Chalmers will release the findings of a major review today that is expected to result in the…

Reserve Bank Australia’s boss Philip Lowe isn’t just trying to rein in Aussies’ spending by jacking up interest rates – he’s also trying to “psychologically” manipulate us.Jawboning, as it’s known, refers to when powerful figures such as…

As expected, the Reserve Bank of Australia (RBA) on Tuesday lifted the official cash rate (OCR) another 0.25 per cent to 3.6 per cent.It was the tenth consecutive rate hike and has taken the OCR to its highest level since 2012:The increase…

A 60 minutes reporter interviewing Treasurer Jim Chalmers has dropped the f-bomb to describe the prospect of a return to 1990s interest rates.Reporter Tom Steinfort stunned the Treasurer during Sunday night’s program when he used the swear…

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When the Reserve Bank sets the official cash rate, some banks pass on the rate cuts or increases, while others don’t. The RBA cash rate can influence every form of credit from mortgages to credit cards and payday loans. So why aren’t they…