the Reserve Bank of Australia
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Australia's first-quarter economic growth misses estimates on severe weather, weak demand
Australia's economy expanded less than expected in the first quarter, as subdued household spending, a pullback in government consumption and severe weather disruptions to mining and exports weighed on growth. The country's GDP expanded 2.5% in the first three months this year, compared to a year earlier, missing economists' expectations for a 2.6% growth, data from the Australian Bureau of Statistics showed Wednesday. On a quarter-on-quarter basis, Australia's GDP grew 0.3% compared with...
Property and the budget ease pressure on the RBA
analysis Property and the budget ease pressure on the RBA as two banks cut fixed rates Tue 9 Jun 2026 at 4:50am The older you get, the more frenetic the pace of life seems to become. No matter where you look, social, political and economic change appears to be in overdrive, and the long periods of stability we once enjoyed are becoming increasingly short-lived. Just look at the Reserve Bank.
Bullock says RBA will re-tender KPMG whistleblower hotline contract amid scandals
KPMG audits the RBA and runs its whistleblower hotline but maybe not for much longer Fri 5 Jun 2026 at 5:00am In short: The Reserve Bank will re-tender its whistleblower hotline service contract after KPMG has been caught up in a swirl of scandals. Governor Michele Bullock says KPMG, engaged by the Australian National Audit Office, audits the bank's financial statements. The Greens have called on the federal government to ban KPMG from all government contracting work.
Will India finally get plastic banknotes? RBI's polymer currency plan explained
NEW DELHI: Reserve Bank of India Governor Sanjay Malhotra on Friday said the central bank is considering a proposal to introduce polymer currency notes in India, though the idea remains at a preliminary stage and no final decision has been taken yet. Addressing the media after the Monetary Policy Committee (MPC) meeting, Malhotra said, "Polymer note is under consideration. We are examining the pros and cons.
Australian housing market stalls in May
National home values flatline in May for the first time since January 2025 Mon 1 Jun 2026 at 4:57am In short: Australia's housing market stalled in May, with national home values flat after months of slowing growth. The weakness was led by Sydney and Melbourne, where values fell 0.9 per cent and 0.8 per cent respectively, according to Cotality data. While the Reserve Bank is widely expected to hold interest rates steady at its June 15-16 meeting, buyers remain highly sensitive to any signs...
Breaking: Australia's economy growing at 2.5 per cent annually as slowdown begins
Australia's economy growing at 2.5 per cent annually as slowdown begins Wed 3 Jun 2026 at 11:42am Australia's economy grew at an annual rate of 2.5 per cent in the March quarter, the same as in the previous quarter. But on a quarterly basis, the economy grew by just 0.3 per cent, which was much weaker than the 0.9 per cent recorded in the previous quarter. The slowdown in the quarterly rate of growth coincided with the Reserve Bank's decision to lift interest rates in February and March.
Bakery trains staff to assess counterfeit notes amid rise in use in SA
Counterfeit cash increase in SA hurting small businesses Thu 11 Jun 2026 at 6:08am In short: SA Police says there were 58 counterfeit currency offences reported in April this year, compared with just seven in April 2025. A North Adelaide business has stepped up countermeasures after noticing an increase in fake notes. South Australia's small and family business minister says there are ways to check for fake notes.
Aussie dollar dives to two-month low amid interest rate fears
Australian dollar dives to two-month low as interest rate fears grip markets Mon 8 Jun 2026 at 4:28pm In short: The Australian dollar fell to its lowest level in over two months, just over 70 cents to the US dollar. The weakness stems from a renewed surge in the US dollar as global interest rates, including US interest rates, rise.
Australia joins exclusive club granting access to advanced AI
Australia gains access to powerful AI amid questions about readiness Thu 4 Jun 2026 at 4:57am In short: The Australian government and several private companies have gained access to a powerful artificial intelligence model not released publicly due to its cybersecurity risk. Anthropic has granted 150 organisations across 15 countries, including Australia, access to its Claude Mythos Preview as part of the expansion of its Project Glasswing. Independent MP Kate Chaney is calling on the...
Australians have become housing hostages. Will the budget set them free?
analysis Australians have become housing hostages. Will the budget set them free? Wed 3 Jun 2026 at 4:50am Australians have been held hostage to the housing market for the better part of this century.