Michele Bullock
Updated
Interest rates
RBA gaining confidence in inflation battle but keeps rates on hold
The Reserve Bank has used its last board meeting of 2024 to keep interest rates steady as economists, and home buyers, look for relief early next year.
- by Shane Wright and Millie Muroi
Latest
Analysis
Interest rates
A terrible set of numbers for a treasurer and Reserve Bank governor
No matter how much Jim Chalmers tries to find a golden thread in these bleak economic numbers, there’s no getting away from the fact consumers are scarred.
- by Shane Wright
For interest rates to fall, 75,000 more people will be out of work
As major reforms to the Reserve Bank finally passed the Senate, governor Michele Bullock has warned low unemployment is not helping bring down inflation.
- by Shane Wright
‘It’s not money’: Bitcoin has ‘no role’ in the Australian economy, says Bullock
RBA governor Michele Bullock has dismissed claims that cryptocurrency is an “alternative currency”, even as the price of bitcoin soars to a high.
- by Shane Wright and Millie Muroi
Updated
Interest rates
RBA leaves borrowers waiting for interest rate relief
The central bank has held the official cash rate at 4.35 per cent as Reserve Bank governor Michele Bullock declares inflation is not falling fast enough.
- by Shane Wright and Millie Muroi
Analysis
Inflation
There’s your inflation rate – then there’s the Reserve Bank’s rate
The official measure of inflation, at 2.8 per cent, should force a cut in interest rates. But the Reserve Bank is tracking its own inflation measure.
- by Shane Wright
Reserve Bank’s COVID losses hit $51 billion – and keep growing
The Reserve Bank is facing a sea of red ink that will affect its operation and the federal budget bottom line for years.
- by Shane Wright
Opinion
Inflation
An RBA focused on real cost-of-living pressures? That’s bananas
Central banks have created their own measures of inflation. But new research shows their metrics are missing the real price increases experienced by ordinary shoppers.
- by Shane Wright
Updated
Interest rates
RBA says not to expect rate cuts soon and can’t rule out a recession
The RBA has kept interest rates at 4.35 per cent, saying while inflation will fall, it is unlikely to be “sustainably” low for some time.
- by Shane Wright and Millie Muroi
Opinion
Inflation
Thought the pandemic made us miserable? Here’s why we’re more miserable now
“Australians are living through the most protracted period of economic misery since 2011,” says economic think tank CEDA.
- by Elizabeth Knight
Opinion
Retail
Frugal response to tax cuts should be music to Reserve Bank’s ears
The lack of a tax-cut-induced spending spree shows consumers have well and truly got the message about tightening their spending.
- by Clancy Yeates
Original URL: https://www.smh.com.au/topic/michele-bullock-6frk