A former Reserve Bank governor has slammed the government’s intention to remove a provision that allows the treasurer to override a decision from the central bank. The government has introduced legislation following last year’s Reserve Bank review to “modernise” the central bank, including a provision to remove section 11 ofContinue Reading

The Reserve Bank has spared borrowers fresh pain, but households holding out for rate cuts have had their hopes dashed with relief still expected to be months away. In a statement after the decision was announced at 2.30pm on Tuesday, the RBA said “a further increase in interest rates cannotContinue Reading

Incoming Reserve Bank boss Michele Bullock has warned the RBA will consider climate change when setting future interest rates. Australians are enjoying a much needed two-month reprieve from soaring interest rises after twelve consecutive rate rises caused massive pain for mortgage holders. However, now the new Reserve Bank boss hasContinue Reading