Australia’s central bank said local households and firms are broadly well placed to cope with recent interest-rate increases and surging fuel prices from the escalating Middle East conflict, while highlighting the potential for an unexpected shock as a result of elevated international risk.
The Reserve Bank of Australia (RBA) building in Sydney, Australia, on Friday, July 14, 2023. Australia's treasurer announced that Michele Bullock will be the new Reserve Bank governor when incumbent Philip Lowes term expires in September, becoming the first woman to helm the nations central bank. Photographer: Brent Lewin/Bloomberg
Australia’s central bank Governor Michele Bullock said judging the economy is “a little bit more difficult” now than in previous periods when it was raising interest rates, reinforcing her cautious policy stance.
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a hearing before the House of Representatives economics committee in Canberra, Australia, on Friday, Feb. 6, 2026. Australia’s central bank is trying to determine whether a surge in inflation is temporary or more entrenched, Bullock told lawmakers, sidestepping attempts to pin responsibility on government spending.
Australia’s central bank Governor Michele Bullock said judging the economy is “a little bit more difficult” now than in previous periods when it was raising interest rates, reinforcing her cautious policy stance.
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a hearing before the House of Representatives economics committee in Canberra, Australia, on Friday, Feb. 6, 2026. Australia’s central bank is trying to determine whether a surge in inflation is temporary or more entrenched, Bullock told lawmakers, sidestepping attempts to pin responsibility on government spending.
Australia’s new Liberal opposition leader Angus Taylor unveiled his shadow ministry on Tuesday with fresh faces in key portfolios ranging from treasury to defense as he seeks to reverse a slide in the fortunes of the center-right Coalition.
Angus Taylor Photographer: Hilary Wardhaugh/Getty Images
Australia’s home-price growth decelerated in December and the two biggest markets edged lower, as the risk of renewed interest-rate hikes weighed on both sentiment and the outlook for property in the year ahead.
Newly built houses in the Caddens suburb of Sydney. Photographer: Brendon Thorne/Bloomberg
Australia’s home-price growth decelerated in December and the two biggest markets edged lower, as the risk of renewed interest-rate hikes weighed on both sentiment and the outlook for property in the year ahead.
Newly built houses in the Caddens suburb of Sydney. Photographer: Brendon Thorne/Bloomberg
Following the deadliest domestic terror attack in Australia’s history, Prime Minister Anthony Albanese faced criticism he didn’t do enough to combat rising assaults on the Jewish community nor swiftly enact recommendations from the nation’s antisemitism envoy released five months ago.
Emergency workers transport a victim after the mass shooting at Bondi Beach in Sydney on Dec. 14.
A day after the deadliest domestic terror attack in Australia’s history, Prime Minister Anthony Albanese faced criticism he didn’t do enough to combat rising attacks on the Jewish community nor swiftly enact recommendations from the nation’s antisemitism envoy released five months ago.
Emergency workers transport a victim after the mass shooting at Bondi Beach in Sydney on Dec. 14.
Australia’s acting Prime Minister Richard Marles said the center-left Labor government has received the Pentagon’s review of the Aukus accord and the US is standing behind the pact.
Richard Marles Photographer: Ore Huiying/Bloomberg
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