Reserve Bank news

One month after it began unwinding its pandemic-era interest rate cuts, the Reserve Bank of Australia is flooring the accelerator, this time lifting rates by 50 basis points to 0.85%.

The Reserve Bank of Australia has finally decided to bring down the monetary hammer, announcing that it will increase official interest rates from 0.1% to 0.35%.

The Reserve Bank of Australia is looking to keep a low profile ahead of the May federal election, but it has given the strongest signal yet that its pandemic-era stimulus will be dialled back in the coming months.

The Reserve Bank of Australia left the cash rate at 0.10% at its second policy meeting of the year, while admitting that ongoing developments in Eastern Europe are a new source of uncertainty.

The RBA left the cash rate at 0.1% at its first policy meeting of the year, while finally deciding to retire its $350 billion bond buying program, introduced in 2020 to shore up a struggling economy.

Despite an increase in inflation, the Reserve Bank of Australia left monetary policy settings unchanged at its final meeting of the year, pointing to lacklustre progress towards other targets such as wages growth.

Supply side shocks have pushed inflation within the Reserve Bank’s target range for the first time in six years, forcing RBA governor Philip Lowe to abandon a key element of his pandemic response plan.

The Reserve Bank of Australia has left policy settings unchanged at its October meeting, while also calling on banks to maintain sound lending practices in light of growing risks in the housing market.

The Reserve Bank of Australia will be moving forward with its plans to reduce its weekly bond purchases this month, though it intends to extend the program until at least February 2022.

The Reserve Bank of Australia will be going forward with its plans to scale back its bond purchasing program in September, despite the economic fallout caused by the delta outbreak.