Australia’s consumer price index (CPI) rose 0.7% q/q in 2Q25, easing from the 0.9% q/q reading in 1Q25, and coming in weaker than the consensus estimate of 0.8% The slightly weaker headline inflation outcome was nonetheless in line with the Reserve Bank of Australia (RBA)’s May projection of 0.7%, U
Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said early Thursday that the Consumer Price Index (CPI) inflation data were welcome.
There are still three weeks to go until the next central bank meeting in Australia, but the market is already relatively certain.
Reserve Bank of Australia (RBA) Governor Michele Bullock is addressing the press conference, explaining the reason behind unexpectedly leaving the key interest rate unchanged at 3.85% in the July policy meeting. Bullock is responding to media questions as part of a new reporting format for the central bank that started this year.
The Reserve Bank of Australia (RBA) board members decided to keep the Official Cash Rate (OCR) unchanged at 4.35% after its May monetary policy meeting on Tuesday.
The Reserve Bank of Australia (RBA) board members decided to hold the Official Cash Rate (OCR) steady at 4.35% after its March monetary policy meeting on Tuesday. The policy announcement was widely expected by the markets. The RBA extended its pause for the third meeting in a row, having lifted the rate by 25 basis points (bps) in November.
The Reserve Bank of Australia (RBA) is Australia's central bank and derives its functions and powers from the Reserve Bank Act 1959. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet an agreed medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nation's banknotes.
The RBA provides certain banking services as required to the Australian Government and its agencies, and to a number of overseas central banks and official institutions. Additionally, it manages Australia's gold and foreign exchange reserves.
Michele Bullock is an Australian economist who is currently governor of the Reserve Bank of Australia. She commenced as governor on 18 September 2023, and is the first woman to hold the role. She is Chair of the Reserve Bank Board, Payments System Board and Council of Financial Regulators. Prior to her current role, Ms Bullock was the Deputy Governor of the Reserve Bank of Australia.
Bullock on his RBA profile and Wikipedia.
The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.