-
RBA Statement on Monetary Policy – May 2026
Prior to the conflict in the Middle East, inflation in Australia was materially above target, and the economy and labour market were operating with ongoing capacity pressures. GDP growth picked up strongly in the December quarter 2025, as expected, to be above estimates of the potential rate of growth. Labour market outcomes have been broadly as expected recently and conditions remain somewhat tight. The conflict has led to sharp increases in commodity prices, particularly energy, which has pushed inflation higher. This has contributed to market expectations for the cash rate shifting higher. Large increases in fuel ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.35 per cent. Inflation picked up materially in the second half of 2025, and information since the beginning of this year confirms that some of this increase reflected greater capacity pressures. In addition, the conflict in the Middle East has resulted in ...
It is a pleasure to open this conference on climate, nature and monetary policy – the first of its kind at the ECB and one that would have been hard to imagine even a decade ago. Not because climate risk was unrecognised at the time. The scientific community had long been clear about its seriousness, and the Paris Agreement set a common direction of travel ...
Good afternoon. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our quarterly Monetary Policy Report and last week’s policy decision. Last Wednesday, Governing Council maintained the policy interest rate at 2.25%. We had three key messages. First, Canada is being buffeted by global events and geopolitical uncertainties, but our ...
