Australia’s central bank remains fearful of resurgence in inflation

Australia's Reserve Bank is unlikely to join its peers in lowering interest rates too soon. (Image: RBA)

Tue, 08 Oct 2024

The Reserve Bank of Australia remains concerned about a resurgence in inflation, which is likely to prevent it from joining the global rush by central banks to lower interest rates, at least in the near term.In minutes of its policy meeting in late September, the board of the RBA said it “remains vigilant to upside risks to inflation”.“Monetary policy would need to be sufficiently restrictive until members were confident that inflation was moving sustainably towards the target range and, based on the information available at t...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Economy

Asset Plus' first-half profit lower as Munroe Lane in focus

First-half net tangible assets per share down on the year.

Andy Macdonald 10:13am

Technology

Nvidia, Microsoft invest $26.5b in AI startup Anthropic

The investments mark a significant realignment in the generative AI sector.

AFP 10:10am

Nvidia, Microsoft invest $26.5b in AI startup Anthropic

Primary Sector

Seventh global dairy price drop, supply outstripping demand

The latest auction will put further pressure on Fonterra's payout.

Riley Kennedy 9:35am

Seventh global dairy price drop, supply outstripping demand

Sponsored

Cybersecurity skills gap leaving Kiwi businesses at risk - report

A cybersecurity skills shortage is creating additional cyber risks, according to a new global report.

Fortinet

Sponsored

Spark’s partner strategy sets the bar for innovation

Spark

More Economy

Economy

Asset Plus' first-half profit lower as Munroe Lane in focus

First-half net tangible assets per share down on the year.

Andy Macdonald 10:13am

Economy

No obstacles to RBNZ rate cut next week

The RBNZ is expected to cut the OCR to 2.25% and leave the door open for more.

Rebecca Howard 18 Nov 2025

Economy

Food prices lift 4.7% in 12 months to October

Food prices increased by 4.7% in the 12 months to October, although they fell for the second consecutive month, down 0.3% due to lower vegetable prices.Higher prices for the grocery food group were the largest contributor, up 4.9% on an annual basis, while meat, poultry and fish...

Staff reporters 17 Nov 2025

Opinion

Cameron Bagrie: An alternative to asset sales

The case for outsourcing management of government assets.

Cameron Bagrie 12 Nov 2025

Australia’s central bank remains fearful of resurgence in inflation

More Economy

Your company has a subscription

Team