Enormous price rises beyond Australia’s control are cutting our standard of living. Cutting it further by rising rates won’t help.
Articles on RBA
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Do you have what it takes to be Australia’s number two central banker and heir apparent to the governor? Here are the questions you’ll need to prepare to answer.
All eyes now are on the choice of Philip Lowe’s successor – and the possibility that the next RBA governor will, for the first time, be a woman.
Unemployment is far lower than predicted and isn’t setting off the kind of inflation seen in the United States. There’s no telling how much lower it can go.
The Reserve Bank governor is optimistic about 2022 in part because COVID has loosened the government’s purse strings.
The Morrison government could get unemployment down to levels not seen since the 1970s.
The Conversation’s expert panel predicts prices will rise faster than Australians’ pay can keep up in 2022 – and that’s not their only concern about the local economy.
Brainard has been pushing the Fed to consider exposure to climate change in its regulation and analysis of banks. That’s sparked fury from Republican senators – and even a Nobel Prize winner.
Outside of a few superstar firms investing heavily in artificial intelligence, investment by Australian businesses has been shrinking for a decade and isn’t set to bounce back.
The 55 leading economists surveyed by the Economic Society see few signs of Australia aping the US, where inflation has surged to its highest level in 30 years.
Jobs, economic growth, wages growth and even home price growth are likely to look less threatening by the time we are asked to vote.
In its quarterly statement on the economy the Bank is at pains to suggest it won’t be lifting interest rates quickly.
Sub-2% mortgages are a thing of the past. The Reserve Bank’s governor has signalled variable rates will rise sooner than previously expected, but says he doesn’t expect it in 2022.
The Reserve Bank’s Term Funding Facility was meant to support lending during COVID. Instead the funds might be ending up in the accounts of bank shareholders.
The bank’s decision to focus on just one thing puts the onus on the government to take action to rein in home prices.
Without extra measures, aiming for wage growth in the aggregate will leave many Australians behind.
The Reserve Bank has limitless access to Australian dollars and a reputation to protect.
Now that we are recovering from recession, there’s no telling how low we could push the unemployment rate. One estimate is 3.5%.
Our continued recovery depends on how much we spend and how quickly we get the vaccine.
Governor Lowe believes the unemployment rate will need to fall well below 5% before inflation climbs to the point where he needs to jack up rates.
Top contributors
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Scientia Professor of Economics, UNSW
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Professorial Fellow, University of Canberra
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Lecturer in Economics, Monash University
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Senior lecturer, Canberra School of Government, University of Canberra
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Associate Professor, School of Economics, University of Sydney
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Associate Professor, Research School of Economics, and Research Associate, Centre for Applied Macroeconomic Analysis, Australian National University
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Emeritus Professor of Finance, The University of Melbourne
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Adjunct Professor, Swinburne University of Technology
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Industry Professor, University of Technology Sydney
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Visiting Fellow, Macquarie University Applied Finance Centre, Macquarie University
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Honorary Associate Professor in the School of History, Research School of Social Sciences, Australian National University
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Program Director, Trade and Investment, United States Studies Centre, University of Sydney
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Dean of Business School, University of Southern Queensland