#rba — Public Fediverse posts

Markets Ignore Geopolitical Risks, Chase AI Rally, and Dump Dollar https://www.byteseu.com/2004522/ #aud #Australia #BOC #CAD #Canada #CHF #DXY #Geopolitics #Iran #NASDAQ #nikkei #RBA #stocks #UnitedStates #USD

As expected, #GregJericho does not mince his words in his latest criticism of the #RBA. In fact, he shows the RBA for what it truly is, a proxy for the #BCA (Business Council of Australia), the all powerful #NeoLiberal #Lobby.

“the RBA really does not give one damn about inflation or even “inflationary expectations”. Truly – Michele Bullock has belled the cat on this now that she has admitted raising interest rates has nothing to do with inflation.

All the RBA cares about is wages growth – they do not, under any circumstances, want workers to think they should be getting a decent wage rise.

Company profits? Oh gosh, well, those need to remain strong. Bullock told reporters that companies should raise their prices to cover costs, because otherwise, in her words, “they would go bust”.

Read more: https://thepoint.com.au/opinions/260506-rbas-decision-to-raise-rates-hurts-australians-for-no-reason

#TaxTheRich #AusPol #JoinYourUnion #WorkersUnite #NoMoreBillionaires #RegulateTheMarkets #DisempowerTheBanks #ProgressiveLegislationNow #TaxReformNow

@Bot4Sale
#Labor already has made some changes to the #RBA Board composition in the hope of bringing a more diverse set of competencies (not sure if it is working or not — haven’t paid much attention to that). As for financial levers, ‘printing’ money, setting the Cash rate, regulating banking and issuing Bonds is the extent of their economic toolkit. They have one main job and that it to manage inflation (though the arbitrary 2% to 3% set range is ludicrous in my view). There are other responsibilities which complete the monetary policy portfolio but they don’t have as major an impact on inflation. The problem is the RBA’s steadfast application of #NeoLiberal (aka neo-classical) economic thinking and the #NAIRU (non-accelerating inflation rate of unemployment - wikipedia). Modern Money Theory (#MMT) would do away with the separtion of economic responsibility and bring the RBB back into govt control.

Again, happy to have any economist jump in to correct my assumptions and understanding.

It’s all laid for you all right here…
The #RBA is freeking useless and guess who’s going to pay that bill…

https://www.theguardian.com/commentisfree/picture/2026/may/05/does-the-rba-really-have-to-raise-interest-rates

#AusPol #RBA #Inflation #CashRate

“14.30 AEST
Of course the #RBA did… against the better judgement of economists who are not died-in-the-wool #NeoLiberals. This rise will do nothing to stop inflation due to Stupid #tRump and his mate #Netanyahu military fling. The underlying inflation does not warrant this (according to Greg Jerocho — one of the more sensible economist driven by facts rather than mad theories). Further more, the lasat #CashRate rise has yet to show its effect on the economic numbers FFS.

“RBA raises interest rates for third time in 2026
reported by Luca Ittimani

The Reserve Bank has increased its official interest rate to 4.35%, as prices rise at their fastest pace since 2023.

The RBA’s board today hiked rates for a third consecutive meeting in 2026 after increases in February and March. Rates are now back where they were at the start of 2025, with each of that year’s three rate cuts now unwound.

Today’s hike was widely expected, picked by most economists surveyed by Bloomberg. But financial markets had not fully priced in an increase, with some thinking the RBA might wait and see what the federal government does with its budget next week.” (Source: The Guardian Live)

#AusPol #Economy #Inflation #Stagflation #Recession #MonetaryPolicy

Global markets focus on RBA rate decision, US ISM Services PMI, and JOLTS data as Japan and China remain closed for holidays, while multiple central bank officials deliver speeches
#YonhapInfomax #RBA #ISMServicesPMI #JOLTSReport #ECB #FederalReserve #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=118898

Global markets focus on RBA rate decision, US ISM Services PMI, and JOLTS data as Japan and China remain closed for holidays, while multiple central bank officials deliver speeches
#YonhapInfomax #RBA #ISMServicesPMI #JOLTSReport #ECB #FederalReserve #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=118898

Global markets focus on RBA rate decision, US ISM Services PMI, and JOLTS data as Japan and China remain closed for holidays, while multiple central bank officials deliver speeches
#YonhapInfomax #RBA #ISMServicesPMI #JOLTSReport #ECB #FederalReserve #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=118898

Why is the Australian dollar trading at four-year highs? https://www.byteseu.com/1989307/ #AbcNewsAustralia #AbcNews #aud #Australia #AustralianDollar #BenJarman #BusinessNews #CentralBanks #EconomicNews #economy #Finance #FinanceNews #FXStrategy #greenback #InterestRates #Iran #JPMorgan #KirstenAiken #MiddleEast #OilPrice #OilShock #RateHike #RBA #ReserveBank #TheBusiness #TheBusinessAbc #USDollar

https://www.wacoca.com/news/2802770/ 豪、カード手数料廃止へ　年25億豪ドルの節約 | ロイター #AMERS #Asia #au #AUNZ #Australia #BISV #bnk #BNKS #BNKS1 #BSUP #BSVC #CEN #CMPNY #CMSS #COCRED #COFS #DEST:NOJPBSM #eco #Fin #FINREG #FINS #INDS #INSETR #int #ISER #JFOR #JLN #MCE #MMT #NAMER #NETSV #NEWS1 #PUBL #RBA #REGS #RSBI:REGULATORYOVERSIGHT #SHOPAL #SWIT #Tech #TMT #TRN #TRNPAY #US #オーストラリア

https://www.wacoca.com/news/2802770/ 豪、カード手数料廃止へ　年25億豪ドルの節約 | ロイター #AMERS #Asia #au #AUNZ #Australia #BISV #bnk #BNKS #BNKS1 #BSUP #BSVC #CEN #CMPNY #CMSS #COCRED #COFS #DEST:NOJPBSM #eco #Fin #FINREG #FINS #INDS #INSETR #int #ISER #JFOR #JLN #MCE #MMT #NAMER #NETSV #NEWS1 #PUBL #RBA #REGS #RSBI:REGULATORYOVERSIGHT #SHOPAL #SWIT #Tech #TMT #TRN #TRNPAY #US #オーストラリア

https://www.wacoca.com/news/2802770/ 豪、カード手数料廃止へ　年25億豪ドルの節約 | ロイター #AMERS #Asia #au #AUNZ #Australia #BISV #bnk #BNKS #BNKS1 #BSUP #BSVC #CEN #CMPNY #CMSS #COCRED #COFS #DEST:NOJPBSM #eco #Fin #FINREG #FINS #INDS #INSETR #int #ISER #JFOR #JLN #MCE #MMT #NAMER #NETSV #NEWS1 #PUBL #RBA #REGS #RSBI:REGULATORYOVERSIGHT #SHOPAL #SWIT #Tech #TMT #TRN #TRNPAY #US #オーストラリア

https://www.wacoca.com/news/2802770/ 豪、カード手数料廃止へ　年25億豪ドルの節約 | ロイター #AMERS #Asia #au #AUNZ #Australia #BISV #bnk #BNKS #BNKS1 #BSUP #BSVC #CEN #CMPNY #CMSS #COCRED #COFS #DEST:NOJPBSM #eco #Fin #FINREG #FINS #INDS #INSETR #int #ISER #JFOR #JLN #MCE #MMT #NAMER #NETSV #NEWS1 #PUBL #RBA #REGS #RSBI:REGULATORYOVERSIGHT #SHOPAL #SWIT #Tech #TMT #TRN #TRNPAY #US #オーストラリア

https://www.walknews.com/1248912/ 豪、カード手数料廃止へ　年25億豪ドルの節約 | ロイター #AMERS #ASIA #AU #AUNZ #Australia #BISV #BNK #BNKS #BNKS1 #BSUP #BSVC #CEN #CMPNY #CMSS #COCRED #COFS #DEST:NOJPBSM #ECO #FIN #FINREG #FINS #INDS #INSETR #INT #ISER #JFOR #JLN #MCE #MMT #NAMER #NETSV #NEWS1 #PUBL #RBA #REGS #RSBI:REGULATORYOVERSIGHT #SHOPAL #SWIT #TECH #TMT #TRN #TRNPAY #US #オーストラリア

https://www.walknews.com/1248912/ 豪、カード手数料廃止へ　年25億豪ドルの節約 | ロイター #AMERS #ASIA #AU #AUNZ #Australia #BISV #BNK #BNKS #BNKS1 #BSUP #BSVC #CEN #CMPNY #CMSS #COCRED #COFS #DEST:NOJPBSM #ECO #FIN #FINREG #FINS #INDS #INSETR #INT #ISER #JFOR #JLN #MCE #MMT #NAMER #NETSV #NEWS1 #PUBL #RBA #REGS #RSBI:REGULATORYOVERSIGHT #SHOPAL #SWIT #TECH #TMT #TRN #TRNPAY #US #オーストラリア

https://www.walknews.com/1248912/ 豪、カード手数料廃止へ　年25億豪ドルの節約 | ロイター #AMERS #ASIA #AU #AUNZ #Australia #BISV #BNK #BNKS #BNKS1 #BSUP #BSVC #CEN #CMPNY #CMSS #COCRED #COFS #DEST:NOJPBSM #ECO #FIN #FINREG #FINS #INDS #INSETR #INT #ISER #JFOR #JLN #MCE #MMT #NAMER #NETSV #NEWS1 #PUBL #RBA #REGS #RSBI:REGULATORYOVERSIGHT #SHOPAL #SWIT #TECH #TMT #TRN #TRNPAY #US #オーストラリア

It sounds like #GregJericho is about to throw in the towel and give up any hope that the #RBA will mend its ways and hence forecasts a #Recession… eventually.

“At least the impact is not as large as it was in 2022 and 2023 when profits soared after Russia invaded Ukraine, causing oil, gas and fertiliser prices to spike.

Good thing nothing like that has happened recently … oh wait, I am being handed a note.

And so, we wait to see the damage in the March figures and know that, regardless of the cause of inflation, the RBA is likely to blame workers – and they will hold to that view even if it means a recession.”

Read the article here:
https://www.theguardian.com/business/grogonomics/2026/mar/26/australia-inflation-profit-margins-fuel-crisis-supply-chain-shock
#AusPol #Economy #Inflation #NeoClassicalEconomics

A thoughtful piece from #AmyRemeikis in The Point.

I would only argue that #fuel prices were not the main reason for the #RBA disastrous decision to raise the #CashRate to 4.1%. Bullock herself started her press conference with “the labour market’ is too tight. IOW, the RBA is considering low empoyment figures (seemingly arbritrarily so, the same as their arbitrary acceptable inflation window percentage) to be the cause for the underlying inflation (which is nowhere to be seen in the latest data, see Greg Jericho’s many articles on the matter).

https://thepoint.com.au/opinions/260324-soaring-petrol-prices-have-exposed-a-rotten-core-in-australia

Yes, Fuel prices at the pump have soared — partially due to greed — and this is precicely why the latest #RBA #CashRate rise was a complete ballsup and a failure to apply basic experiencial #economics (as opposed to debunked theoretical #neoliberal claptrap). Consumers will, as a result of fuel costs, spend less on non-essential goods and services, therefore the #inflation beast will retreat somewhat.

Read more:
https://thepoint.com.au/explainers/260320-the-rba-wanted-to-slow-spending-but-petrol-prices-already-had

Prolonged Middle East war and AI profitability ‘downgrades’ are major risks for economy, RBA says

The outbreak of war in the Middle East means the Australian e…
#NewsBeep #News #Artificialintelligence #AI #ArtificialIntelligence #AU #Australia #China #ChinaTrade #diesel #Energy #Finance #financialreview #financialstability #FinancialStabilityReview #financialsystem #housing #interestrates #middleeastwar #oil #petrol #RBA #reservebankaustralia #Technology #war
https://www.newsbeep.com/au/549778/

#apropos "#Borrowers are currently used as "shock absorbers" for Australia's financial system where variable-rate home loans dominate the market.The #ReserveBankAustralia acknowledged that the pain from their rate rise will be felt unevenly in the community."

oh really #rba ain't that the truth 😬 :blobsad:

https://www.abc.net.au/news/2026-03-19/should-banks-offer-30-year-fixed-rate-home-loans-new-report/106465276

Not to belabour the point, but the #RBA stuff-up needs platforming IMO.

“The Law of Unintended Consequences is always at work. It’s a fair bet those who crafted the RBA review and the cheer squad who campaigned for it didn’t intend to diminish the institution,
an institution whose credibility matters as much as what it actually does.

But diminished the RBA is, and thus the message it tried to deliver with Tuesday’s rate rise is weakened, the pain of tighter monetary policy delivering less gain.

Instead of a strong message about the bank being committed to lower inflation, the mechanism invented by the review has resulted in a rise, the strength of which was quickly assessed by the market as being half-arsed.

Our central bank lifting rates while the rest of the world is either sitting pat or thinking of cutting would normally be greeted by our dollar rising. Instead, it fell.” (by Michael Pascoe | Mar 18, 2026)

Read more:
https://michaelwest.com.au/rates-up-dollar-down-reserve-bank-diminished-by-dud-review/

#AusPol #MonetaryPolicy #Finance

Australian 10-year government bond yields declined 9 basis points despite the Reserve Bank of Australia's decision to raise interest rates, signaling market expectations of potential policy shifts
#YonhapInfomax #AustralianBondYield #RBA #InterestRateHike #10YearBonds #BasisPoints #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=110353

Australian 10-year government bond yields declined 9 basis points despite the Reserve Bank of Australia's decision to raise interest rates, signaling market expectations of potential policy shifts
#YonhapInfomax #AustralianBondYield #RBA #InterestRateHike #10YearBonds #BasisPoints #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=110353

Australian 10-year government bond yields declined 9 basis points despite the Reserve Bank of Australia's decision to raise interest rates, signaling market expectations of potential policy shifts
#YonhapInfomax #AustralianBondYield #RBA #InterestRateHike #10YearBonds #BasisPoints #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=110353

Australian 10-year government bond yields declined 9 basis points despite the Reserve Bank of Australia's decision to raise interest rates, signaling market expectations of potential policy shifts
#YonhapInfomax #AustralianBondYield #RBA #InterestRateHike #10YearBonds #BasisPoints #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=110353

Inflation, war, increases Budget pressure – ABC News

Inflation, war, increases Budget pressure  ABC NewsRate rise should push PM to make tough choices in May budget  The AustralianRecession…
#NewsBeep #News #Personalfinance #AU #Australia #Business #costofliving #economic #Economy #Finance #fuel #inflation #interestrates #Iran #israel #oil #PersonalFinance #podcast #rates #RBA #ReserveBank #straitofhormuz #us #war
https://www.newsbeep.com/au/545552/

@johnquiggin
What does that say about the #RBA Board John?

While I understand why there is a fiscal v monetary policy division of powers, the RBA isn’t doing much to confirm it’s capacity to manage their end of the business to the required standard, perhaps inviting calls to bringing it back into the Ministerial portfolio…

@abcfeeds

Who would have thought that neglecting Australia’s supply chains, infrastructure and industry capacity, while trading in our sovereignty for the fanciful promise of future toys to defend us from imaginary threats would lead to the Government’s current inability to ‘KEEP AUSTRALIANS SAFE’?

#auspol #poverty #CostOfLiving #costoflivingcrisis #climatecrisis #war #facistamerica #rba #InterestRates

all good up in her ivory tower 😠 she earns almost 1 million per year so no worries for her :nocookieface:

“The #RBA’s decision demonstrates a central bank utterly lost to reality, as it raises rates regardless of economic data and the changes occurring in the world”

https://thepoint.com.au/opinions/260317-raising-rates-while-petrol-prices-soar-shows-the-rba-ignoring-reality-and-basic-economics

[edited for typos]
#GregJericho lays into the #RBA ‘s latest gaffe.

[The RBA said] “in addition, the conflict in the Middle East has resulted in sharply higher fuel prices, which, if sustained, will add to inflation. Short-term measures of inflation expectations have already risen. As a result, the Board judged that there is a material risk that inflation will remain above target for longer than previously anticipated.” This is a total failure of basic economics, and suggestive of a panicked RBA board.

The impact on oil prices is due to the attacks on Iran and the blockage of cargo through the Strait of Hormuz. Nothing the RBA does will affect that.”

Read that again: “NOTHING the RBA does” will mitigate fuel cost increases due to the crisis in the MIddel East.

It couldn’t be clearer. An Economics 101 student would not even need the clarification. What is the RBA doing FFS? It seems clueless at times.

Read more:
https://thepoint.com.au/opinions/260317-raising-rates-while-petrol-prices-soar-shows-the-rba-ignoring-reality-and-basic-economics

#Inflation #RBA #CashRate #AusPol #Economics #NeoLiberalism

The #RBA has decided you can go without food, medicine and secure housing to ensure that a made up figure remains in the range it wants.

#auspol #InterestRates #costofliving #poverty

frankly i don't get how they can -with good conscience- hike up interest rates at the same time all other costs explode because of wars randomly inflicted on people 👀🤷 thanks for nothing #rba

The Australian "experiment" with ultra-low unemployment may be coming to an end as the Reserve Bank shifts its primary focus back to cooling inflation. For years, the goal was to see how low the jobless rate could go before sparking price hikes; now, that strategy is being tested by persistent economic pressures.
​
​#auspol #economics #rba #employment #ausecon
https://www.abc.net.au/news/2026-03-15/australia-interest-rates-goodbye-to-low-unemployment-experiment/106445522

Rather not! I don’t know! What do you think? 🤷‍♀️ According to my forecasting system, the cash rate is set to hold steady. Despite the forecast mean being on a clear upwards trajectory, the forecast intervals include the current cash rate value decisively. I’m sticking with my call: HOLD! 🛑 My forecasts are available at: https://forecasting-cash-rate.github.io/

#cashrate #forecast #rstats #rba

Economists scramble to change their interest rate forecasts after RBA speaks

A number of leading economists are forecasting the Reserve Bank will hike interest rates next week, which will…
#NewsBeep #News #Economy #AndrewHauser #australiainterestratesforecast #bigfourbanks #Business #interestratehike #IranWar #MicheleBullock #MiddleEastwar #oilprices #petrolshortage #RBA #ReserveBankofAustralia #UK #UnitedKingdom #willtherbaraiseinterestrates
https://www.newsbeep.com/uk/469427/

One really big thing I want to see in my lifetime - the mainstream acceptance that the central bank *simply cannot* fix inflation by raising rates.

It’s utter lunacy and it hurts millions of people. And it just doesn’t work.

https://www.theguardian.com/australia-news/2026/mar/11/australia-petrol-prices-rba-interest-rate-rise-inflation

#auspol #inflation #rba #interestrates

I never get tired of tooting #GregJericho ‘s articles, because what he says, most of the time, is not just informative, it’s a booster shot against the #FakeNews and #EconomicMisInformation the #msm spews out — unfortunately with that much misinformation being the main narrative of all but a few news outlets and the #FifthEstate, a lot of it is bound to be believed as truth: like the furphy about increasing wages driving up inflation — everyone should know by now the inflationary dragon is #GreedFlation.

“There hasn’t been a wage breakout since I was in primary school but do not worry – the RBA is still on the watch, ever on alert to raise interest rates in an effort to increase unemployment and lower wage growth.”
Read more:
https://www.theguardian.com/business/grogonomics/2026/feb/18/real-wages-fall-australia-workers-economy

But the RBA is not about to let a debuked economic theory go to waste. So Greg is warning us of another rate rise likely to come if the RBA stays true to form — and why shouldn’t it?

Read more:
https://thepoint.com.au/opinions/260220-dont-panic-rba-low-unemployment-is-a-good-thing

#RBA #NeoClassicalEconomics #NeoLiberalEconomics #AusPol #CashRate #Inflation #WageGrowth

Are we starting to see some sort of pushback against the neoliberal thinking of the majority of economists who harp on about the wage-inflation spiral — or to put it another way the need for some workers to live on the dole so that the rest of us can have a more confortable life free of inflationary pressures.

Here is someone other than #GregJericho of The Australian Institute that also thinks this #RBA mantra is utter bull dust.

“…[economists] obsess about an oft talked about, but mysterious concept called the NAIRU, the non-accelerating inflation rate of unemployment.

The theory goes that, if you have just the right amount of workers on the unemployment scrap heap, you can keep inflation in check.

The problem is that no-one knows exactly what the magic unemployment rate is. Even more confusing, it seems to change and, on occasions, such as the past few years, not hold true at all.”

Read more
https://www.abc.net.au/news/2026-02-21/why-economists-hate-low-unemployment-for-inflation/106367852

#unemployment #WageInflationSpiral #NAIRU #Economy #AusPol #NeoClassicalEconomics #NeoLiberalEconomicTheory
#CapoitalismUnbound

https://www.wacoca.com/life/352818/ 豪年金基金ユニスーパー、豪ドルは割安と判断　ヘッジ拡大 | ロイター #asia #ASXPAC #AU #AUNZ #BISV #CEN #CINV #CN #DEST:NOJPBSM #DEST:NOJPTPM #DEST:NOJPZTM #DLI #EASIA #ECI #Eco #ECON #EMRG #FIN #FINS #FRX #FUND #GEN #HK #INT #INVBIS #INVM #JFOR #JLN #KMOVE #MCE #MTPIX #Nenkin #Pension #PFUND #RBA #RTM #SOCI #TOPCMB #TOPNWS #TRN #年金

The Reserve Bank of Australia (RBA) has just hiked the cash rate by 0.25 percentage points to 3.85% in its first decision of 2026. This is the first increase in over two years, driven by inflation rising materially in the second half of 2025 and coming in above the 2-3% target (e.g., headline at 3.8%).
This ends the brief easing cycle from 2025 and will likely mean higher mortgage repayments for many variable-rate borrowers.
Ouch for Aussies with mortgages…

#RBA #InterestRates #Inflation #AusEcon

https://www.abc.net.au/news/2026-02-03/reserve-bank-lifts-interest-rates-february-2026/106298696

No reason to raise rates in Australia

https://volewica.blogspot.com/2026/01/no-reason-to-raise-rates-in-australia.html

#EconDon #Australia #Stagnation #CommodityBoom #RBA #Economy

Australian mortgage holders are facing a financial squeeze, with monthly home loan repayments hitting $14.5 billion in June 2024, according to Reserve Bank data. Shockingly, 66% of this was just interest, a $5.5 billion rise since March 2022. Many are desperately waiting for rate cuts to ease the burden. #HomeLoans #InterestRates #RBA #Auspol #auseconomy #massimmigration

https://www.9news.com.au/finance/interest-rates-australia-mortgage-holders-paying-billions-while-awaiting-rate-cuts/870303c2-887f-455c-9fbd-3144d3d7f96c

Esta semana es muy emocionante para mí y se vienen varias cositas:
- El jueves se publica en kioskos, tiendas #GAME y en la web de #RBA mi libro #TheWitcherLaCumbreDelRolInmersivo .
- El sábado a las 12:00 estaré en #RetroBarcelona, en la mesa redonda Del 2D al 3D.
- Después, a las 13:00 firmaré #LaTragediadelFantasmaDeEsparta en #HéroesDePapel

Encima, eso no es todo.

Turkey’s central bank completes first CBDC test with more to come in 2023

https://cointelegraph.com/news/turkey-s-central-bank-completes-first-cbdc-test-with-more-to-come-in-2023

#CentralBankDigitalTurkishLiraResearchandDevelopment #thecentralBankoftherepublicofturkey #thereservebankofAustralia #DigitalTurkishLira #theBankofEngland #CBRT #RBA

Turkey’s central bank completes first CBDC test with more to come in 2023

https://cointelegraph.com/news/turkey-s-central-bank-completes-first-cbdc-test-with-more-to-come-in-2023

#CentralBankDigitalTurkishLiraResearchandDevelopment #thecentralBankoftherepublicofturkey #thereservebankofAustralia #DigitalTurkishLira #theBankofEngland #CBRT #RBA