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‘It’s not money’: Bitcoin has ‘no role’ in the Australian economy, says Bullock

‘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

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Memo to RBA: If wages growth isn’t the problem, then what is?

Memo to RBA: If wages growth isn’t the problem, then what is?

The Reserve Bank of Australia is worried excessive growth in wages is keeping inflation above its target zone. But there’s absolutely no sign of that happening.

  • by Ross Gittins
Real wages are growing at highest rate since 2020. But it’s unlikely to last

Real wages are growing at highest rate since 2020. But it’s unlikely to last

After years of wage rises lagging behind inflation, they rose more than inflation in the year to September – but wage increases have already started to slow.

  • by Shane Wright and Millie Muroi
Emptying the cookie jar to pay interest: Borrowers are desperate for rates to fall

Emptying the cookie jar to pay interest: Borrowers are desperate for rates to fall

There are plenty of white-knuckled borrowers waiting for February in hopes the Reserve Bank will begin down the path of lowering rates. Can they make it that far?

  • by Elizabeth Knight
Relax lending rules to boost mortgage competition: Bendigo CEO

Relax lending rules to boost mortgage competition: Bendigo CEO

Bendigo’s new chief says rules that require banks to test if a customer could handle a 3 percentage point interest rate rise are “not good for competition”.

  • by Sumeyya Ilanbey
Trump’s victory could wipe $36b from Australian economy

Trump’s victory could wipe $36b from Australian economy

Experts say the full suite of Donald Trump’s economic policies would fuel global inflation and interest rates and slow growth, delivering a huge policy headache to the Australian government and the Reserve Bank.

  • by Shane Wright and Millie Muroi
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Australia likely to get hurt in Trump’s trade war, warns NAB boss

Australia likely to get hurt in Trump’s trade war, warns NAB boss

The nation’s largest business lender says local companies could be hit hard if president-elect Donald Trump ploughs ahead with his tariff threats.

  • by Sumeyya Ilanbey
RBA leaves borrowers waiting for interest rate relief

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
There still be inflation sea monsters ahead for Captain Bullock

There still be inflation sea monsters ahead for Captain Bullock

Michele Bullock has rounded the worst of the inflation journey for the Reserve Bank. But dangerous seas remain.

  • by Shane Wright
Play the rate cycle right, and you could save $242,700 on your mortgage

Play the rate cycle right, and you could save $242,700 on your mortgage

The odds are slim for a Melbourne Cup Day rate cut, but economists are betting on a fall by February. Here’s how you can make the most of it.

  • by Nicole Pedersen-McKinnon
The graphs that show housing is broken

The graphs that show housing is broken

All sides of politics have overseen a collapse in housing affordability since 2000. These are the graphs that show it. And there are no easy solutions.

  • by Shane Wright

Original URL: https://www.watoday.com.au/topic/reserve-bank-of-australia-619