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Economic News

110 Yen, 62 Euro Cents, 4.67 Yuan: The Australian Dollar Beyond the Greenback

Most Australians know the exchange rate as a single number: how many US cents one Australian dollar buys. At 4.00 pm on Friday 9 October 2026, the Reserve Bank of Australia (RBA) recorded that figure at 0.6979, just under 70 US cents.

Sonal Goyal | 12 October 2026

Personal Credit Up 5.1%, Broad Money 6.9%: The August Money Data Behind the Hike

On 30 September 2026, the Reserve Bank of Australia (RBA) released its Financial Aggregates for August. The timing is worth noting at the outset: the release came one day after the Monetary Policy Board lifted the cash rate target by 25 basis points to …

Sonal Goyal | 12 October 2026

Private Credit: About 10% of Business Debt but Under 2% of System Assets

Private credit is one of the non-bank sectors examined in the Reserve Bank of Australia's (RBA) Financial Stability Review (FSR) for October 2026, released on 1 October. The review offers a set of numbers that help put the sector's size in perspective.

Sonal Goyal | 12 October 2026

Hospitality and Construction Still Doing It Tough, RBA Stability Review Shows

For most Australian businesses, the Reserve Bank of Australia's (RBA) latest health check is reassuring. For two industries, it is not.

Sonal Goyal | 12 October 2026

"Low by Historical Standards": How the Governor Frames a Rising Jobless Rate

When the Reserve Bank of Australia (RBA) lifted the cash rate target by 25 basis points to 4.60 per cent on 29 September 2026, one question kept surfacing: how can a central bank keep tightening while the unemployment rate is going up? Governor Bullock's …

Sonal Goyal | 12 October 2026

A Little Tighter Than Full Employment: The Jobs Verdict Feeding the RBA's Rate Logic

Central banks rarely move on a single data point. They build a case from several assessments, and in the Reserve Bank of Australia's (RBA) case one judgement has run steadily through its recent communications: the labour market, while easing, is not yet loose enough …

Sonal Goyal | 12 October 2026

4.5% in Canberra, 4.6% Eleven Days Later: How the Jobless Figure Moved Between Bullock Appearances

Reserve Bank of Australia (RBA) Governor Michele Bullock made two major public appearances in the second half of September 2026. On 18 September she delivered an opening statement to the House of Representatives Standing Committee on Economics in Canberra. On 29 September she fronted …

Sonal Goyal | 12 October 2026

Slack Arriving From Late 2027: When the RBA Expects Pay Pressure to Ease

For borrowers, businesses and workers trying to understand the Reserve Bank of Australia's (RBA) thinking, one date keeps appearing in its recent material: late 2027. It is when the RBA, in forecasts recorded in its August 2026 minutes, expected spare labour capacity to begin …

Sonal Goyal | 12 October 2026

ATO Sets November Deadline for Credit Card Tax Payments

The transition is intended to give taxpayers additional time to consider alternative ways of meeting their tax obligations. Debit cards, BPAY, direct deposits, Australia Post services and international money remitters will remain available as payment channels.

Sonal Goyal | 06 October 2026

"Rises in Wages Are Not Driving These Cost Pressures", Bullock Insists

Governor Michele Bullock used the 29 September media conference to rule out a wage-price spiral, pointing instead to energy, technology and expectations as the forces keeping inflation too high.

Sonal Goyal | 05 October 2026
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