Bank chief faces grilling on first rate hike since 2023

Australia news live: Isaac Herzog, Israeli President, visit to Sydney supported by large NSW police presence

Michele Bullock argues monetary policy is a short-term policy; Andrew Hauser pushes back on the RBA’s lack of commentary on government spending. Follow live.

Bank chief faces grilling on first rate hike since 2023

Opposition MPs are set to keep accusing Treasurer Jim Chalmers of stoking inflation when Reserve Bank officials appear before a parliamentary hearing.

RBA’s Credibility Slashed After Rate Hike

The Reserve Bank of Australia (RBA) is under scrutiny after becoming the first central bank globally to raise interest rates after an initial pandemic-era cut. This move is widely seen as an admission of the RBA’s failure to maintain price stability and meet its inflation target since 2021. During parliamentary testimony, Governor Michele Bullock reportedly sidestepped the issue of reckless government spending as a major inflation driver, drawin…

Allegra Spender Challenges RBA Governor on Inflation‑Employment Balance

Archyde RBA Governor Defends Current Economic Approach,Cites Positive Labor Market Canberra,Australia – Reserve Bank of Australia governor Michele Bullock has asserted a cautiously optimistic view of the Australian economy,despite ongoing concerns… You can read the full story here: Allegra Spender Challenges RBA Governor on Inflation‑Employment Balance.

RBA increases cash rates

CASH rates have increased for the first time in more than two years, after a decision was made by the […] Subscribe or Login to see the rest of the content. Username Password * Remember Me     Forgot Password

HotCopper Wire Podcast #041 – Our first RBA rate hike since CY23

On the HotCopper Wire market podcast this week, JD and I unpack the RBA’s decision to “hike” for the first time since CY23 — and mull how many more Reserve Bank raises we’ll see this year — poke through Donald Trump’s $12 billion critmins stockpile he’s been spruiking, and call a “crypto winter” for Bitcoin. Also in this ep: Gold and silver as the new “memecoins,” Solstice Minerals (ASX:SLS), and the decision to scrub ASX director details from o…