The Reserve Bank of Australia and the Albanese government have been jointly tasked with the responsibility of controlling persistent price pressures.
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What happened
The Reserve Bank of Australia and the Albanese government have been jointly tasked with the responsibility of controlling persistent price pressures.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Spending cuts are being advocated for as a necessary measure to help combat inflation.Sub-event
Rate hike pressure intensifies government scrutiny over spending.1 source
Deficits and spending are undermining inflation control efforts.1 source
RBA and Albanese government tasked with controlling persistent price pressures.1 source
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Part of
The Reserve Bank of Australia is the central bank of Australia and manages monetary policy for the nation.Also in this story
- The Reserve Bank of Australia paused rate hikes, stating that future increases will depend on where inflation lands.
- The RBA board has indicated that it is maintaining a clear bias toward central bank tightening regarding monetary policy.
The entities involved
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Reserve Bank of Australia
central bank of Australia
Related events
- The Reserve Bank of Australia, led by Michele Bullock, is managing persistent inflation and the slowing economy.
- The Reserve Bank of New Zealand and Reserve Bank of Australia are considering interest rate hikes to counter energy shocks and rising consumer prices.
- Lower government spending is reported to be reducing inflation.
- The Reserve Bank of Australia is managing monetary policy while assessing how geopolitical risks in the Middle East, including conflict status and oil flow, affect the outlook for inflation and the potential benefits of a peace deal.
- RBA raised interest rates to a 15-year high, leading to suppressed spending and a shift of mortgage holders toward One Nation.