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 ...

Reserve Bank boss Michele Bullock is giving medicine to a sick patient, and Treasurer Jim Chalmers needs to back in the treatment plan. Dr Chalmers put the blowtorch on Ms Bullock this week with the ...

Speaking in the wake of sustained attacks on the RBA from the Federal Government over rate rises “smashing the economy”, Roger Cook said it was “time” to slash rates.

Add articles to your saved list and come back to them any time. In business news, the Australian sharemarket finished 0.4 per cent higher on Thursday as the pace of declines slowed on Wall Street ...

At the August meeting, the RBA had left its interest rate unchanged at a 12-year high for the sixth consecutive meeting. The board concluded that it would be premature to loosen the policy ahead ...

Sunrise host Nat Barr asked Mr Chalmers on Tuesday. Mr Chalmers denied he was trying to shift the spotlight onto the RBA or that there was a shift in the government’s rhetoric. “I think it is ...

SYDNEY—With just two weeks to go before she completes her first anniversary as governor of the Reserve Bank of Australia, Michele Bullock can look back on a year in which she has neither bent ...

But I think the RBA has done a good job. “Businesses have seen not only an increase in borrowing costs, but on top of that inflation has been stubborn, so they’ve had a significant increase in ...

Australian Treasurer Jim Chalmers says he has “the utmost respect” for the independence of the Reserve Bank, while again blaming its policy for slow economic growth.

Dr Chalmers is blaming the economic outlook on the RBA's rate hikes. Treasurer Jim Chalmers has declared the Reserve Bank is “smashing the economy” with its cash rate increases.

The overnight comments were seen as the government appearing to shift blame onto the RBA ahead of the release of Wednesday’s June quarter GDP figures that are expected to show a meagre 0.2 per ...

John Simon has also urged Treasurer Jim Chalmers not to automatically shift all existing RBA board members to a new interest-rate setting board, given an independent review last year found the ...