Yesterday
Traders eye up to five RBA rate cuts amid market turmoil
The Aussie tumbled below US60¢, its lowest level since early in the COVID-19 pandemic, as the bond market ramped up expectations of bigger interest rate moves.
Trump’s idiocy will put a 2 in front of RBA cash rate by end of year
Retaliatory tariffs are a supply shock that will not only see the global economy lurch into a deep recession but will do so with a near-term inflationary bias.
This Month
Trump tariffs to force RBA to cut rates up to four times in 2025
Economists predict the trade war will cause a global slowdown that will impact the Australian economy, with markets increasingly certain of a rate reduction in May.
More rate cuts? That would have to be an April Fool’s joke
The inflation fighter deep inside Michele Bullock has resurfaced, and the RBA has reminded everyone that restoring price stability is the main game.
RBA won’t join desperate guessing game
Central banks are as much on edge as markets, as the world waits to learn the impact and extent of Donald Trump’s tariffs. Caution reigns at the Reserve Bank.
The ‘credit cycle that never was’ will limit RBA rate cuts
After the pain of 13 hikes, there is still a real question as to how much more support the central bank can really provide in this easing phase.
RBA has interest rate trigger for Trump trade war
The Reserve Bank of Australia isn’t quite sure what impact Donald Trump’s imminent next round of tariffs will have on inflation, but it is ready to act.
March
Traders temper bets on RBA rate cuts after pre-election budget
Bond investors are concerned about Australia’s spending plans as the government’s financing arm unveiled the biggest annual funding program outside the pandemic.
Bank of England leaves rates unchanged at 4.5pc as inflation stays high
UK inflation remains at 3 per cent, above the bank’s 2 per cent target and is set to push higher in the coming months.
Investors cheer as traders dial up Fed rate cut bets
Equities rallied around the world as bond markets priced in the possibility of two rate cuts from US Federal Reserve this year and in Australia.
US inflation eases, as economists await impact from Trump’s tariffs
Analysts anticipate that the president’s escalating trade wars will drive up prices on a range of goods from food to clothing in the coming months.
Inside the sudden exit of a central bank governor
The aggressively nationalist Kiwi central bank boss Adrian Orr deliberately pushed New Zealand into recession. Australian bankers hope his sudden exit will give them some relief.
When central banks hit Instagram, cue the cringe
When it comes to explaining rate decisions and the state of the economy on Instagram, the savviest central banks hand the reins to younger staff
The charts that underlie the RBA’s inflation fear
There are two big risks dominating the inflation outlook, central bank deputy governor Andrew Hauser told the Financial Review Business Summit.
The secret chart the RBA used to justify its latest rate cut
The central bank’s deputy governor revealed a previously secret graph that showed inflation would have fallen below target if rates were paused for longer.
Repair fiscal policy to stop politicians fighting RBA’s monetary policy
Political ill-discipline has produced the biggest spending increase for a first-time government since the Whitlam era 50 years ago.
February
Chalmers has ‘damaged’ RBA independence
Jim Chalmers’ pressure on Reserve Bank governors Michele Bullock and Philip Lowe is “highly reprehensible” and has damaged the independence of the RBA, Roger Corbett and Angus Taylor say.
Don’t believe the doomsayers – more rate cuts are on the way
The bond market is pricing in two to three rate cuts this year and history suggests it always tends to get it right.
RBA rates call will fuel inflation and prolong cost-of-living crisis
The board has broken the sacred rule of modern central banking: do not pump prime the economy before an election, particularly when there will be a cost to all Australians.
The four charts that show how the RBA board and staff were split
The Reserve Bank cut the cash rate, but the extent to which it tempered enthusiasm for more reductions brings into question why the board chose to move at all.