Consumer spending the wildcard in rate hike uncertainty

23 May

Australian consumers have been saving rather than spending and a change in behaviour could complicate matters for the Reserve Bank, keeping interest rates higher for longer. The minutes from the central bankā€™s May meeting confirmed a rate hike was...[Read More]

Inflation holds steady but services prove stubborn

28 March

The final stretch to bring inflation back to target is proving challenging, based on fresh data, though that is broadly what the Reserve Bank expected. The Australian Bureau of Statisticsā€™ monthly inflation indicator held steady at 3.4 per cent...[Read More]

Swifties boost spending

14 March

The Australian economy got a leg up from Taylor Swift concerts but the much-anticipated visit was not enough to counter penny pinching elsewhere. Spending as tracked by Commonwealth Bank has been generally subdued and fell 0.3 per cent over the...[Read More]

Consumer price index steady at 3.4 per cent in January

28 February

Australiaā€™s consumer price index held steady at 3.4 per cent in the 12 months to January, coming in below expectations. The index had been widely expected to rise by 3.6 per cent on an annual basis, when the data was released by the Australian...[Read More]

Jobs data on agenda as signs point to cooling inflation

18 January

All eyes will be on jobs data this week as Australians hope for more positive signs before the Reserve Bankā€™s first rate decision of the year. A slowdown in jobs growth is expected to show up in the Australian Bureau of Statisticsā€™ December...[Read More]

Heated inflation figures put rate hike firmly in play

26 October

The latest inflation data has come in hotter than expected and may stir the Reserve Bank into a Melbourne Cup Day rate hike. Consumer prices as tracked by the Australian Bureau of Statistics rose 1.2 per cent over the three months to September, up...[Read More]

Inflation surprise as rate of price growth slows in May

28 June

A sharp fall in consumer prices will take pressure off the Reserve Bank, but persistent growth in rents and services will keep further rate hikes in play. The consumer price index sunk back to 5.6 per cent in the year to May, from 6.8 per cent in...[Read More]

[ANIMATED VIDEO] What does the Reserve Bank do?

25 March

Ā  Find out what the Reserve Bank of Australia does in this short animated video. Learn more at www.rba.gov.au/education.