The Wall Street Journal

RBA elected not to fine-tune rates at policy meeting

RBA elected not to fine-tune rates at policy meeting
(Image: NZME)
The Wall Street Journal
By James GlynnThe Reserve Bank of Australia has warned that risks around the inflation outlook have risen, while uncertainty around the economy’s trajectory more broadly remains highly elevated.Minutes of the central bank’s May 6 to May 7 policy meeting showed that while it said there were increased risks that inflation will stay higher for longer than expected, the policy-setting board decided to keep interest rates on hold to avoid “excessive fine-tuning” of policy settings.The central bank left the official cash rate...

More Economy

Dire economy opens door for 50bps cut in October
Economy

Dire economy opens door for 50bps cut in October

The New Zealand economy contracted 0.9% in the June quarter. 

Rebecca Howard 18 Sep 2025
Economy contracts 0.9% in June quarter
Economy

Economy contracts 0.9% in June quarter

GDP has now fallen in 3 of the last 5 quarters.

Rebecca Howard 18 Sep 2025
Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

Michael Neilson 18 Sep 2025
Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.

Pattrick Smellie 18 Sep 2025