Economic News

• Unrealised valuation losses of $9.9 billion, linked to rising domestic bond yields and a higher Australian dollar, were the main driver, alongside underlying earnings of negative $1.7 billion.

• She described an external oil shock spreading into items such as renovation costs, and an economy with a bit too much demand relative to what it can sustainably supply.

• On AI he raised cyber risk, high valuations and increasingly debt-financed investment, including vendor and circular financing.

When the Reserve Bank of Australia's Monetary Policy Board announces its next decision at 2.30 pm (AEDT) on Tuesday 3 November 2026, it will be Melbourne Cup Day. For borrowers, savers and businesses, the more consequential event that afternoon may be the Board's statement.

Timing gave Governor Michele Bullock's appearance at Supplementary Budget Estimates an added edge. Her opening statement to the Senate Economics Legislation Committee, delivered by videoconference on Wednesday 28 October 2026, came six days before the Reserve Bank of Australia (RBA) announces its next cash …

Two numbers now frame Australia's monetary policy debate. The first is 4.60 per cent, the Reserve Bank of Australia's (RBA) cash rate target since 30 September 2026. The second is 4.3 per cent, the headline annual inflation rate for September published by the Australian …

Those 13 words, from Governor Michele Bullock's opening statement to the Senate Economics Legislation Committee on 28 October 2026, carry more weight than their length suggests. Central banks rarely say plainly that their own forecasts are out of date, particularly days before publishing new …