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Economic News

RBA and China Renew Massive A$46 Billion Currency Swap Deal for Another Five Years

In Media Release 2026-21, dated 19 August 2026, the RBA announced it had renewed its bilateral local currency swap agreement with the People's Bank of China for a further five years.

Sonal Goyal | 09 September 2026

AI Boom Could Become Australia's Next Inflation Problem, RBA Deputy Governor Warns

It is important to be precise about what the Bank is saying. This is a potential inflation risk under active monitoring, not a confirmed problem. The AIInvestmentwave could add toDemandfor labour, materials and energy faster than the economy canSupplythem, but its full effect on …

Sonal Goyal | 09 September 2026

RBA Raises Questions Over Sky-High AI Valuations as Global Investment Boom Accelerates

This is a valuation and investment-risk story, distinct from the separate question of whether the AI boom adds to inflation. Mr Hauser was not predicting a crash. He was raising the kind of prudent questions a central banker asks when a rapidInvestmentwave meets uncertain …

Sonal Goyal | 09 September 2026

RBA Says America's AI Productivity Boom Holds Lessons for Australia

The Reserve Bank has been consistent on productivity. In its 11 August 2026Monetary Policydecision, it stated plainly that "historically weak productivity growth continues to constrain potential growth." That is a direct assessment, and it frames why the AI investment wave is drawing attention.

Sonal Goyal | 09 September 2026

Australia's Digital Dollar Put on Ice? RBA Finds No Clear Case for a Retail CBDC

The conclusion came in a joint paper with the Treasury updating the case for a retail CBDC, one of three items the Reserve Bank released on 3 September 2026 alongside a consultation on its settlement infrastructure and a web page tracking its post-Project Acacia …

Sonal Goyal | 09 September 2026

RBA Turns to Tokenised Finance as Australia Plans the Future of Money

Jones anchored the pivot in the results of Project Acacia. The project brought together 57 industry participants to test 20 use cases, and, importantly, it dealt largely with real-money transactions rather than hypothetical scenarios. That gives the findings practical weight.

Sonal Goyal | 09 September 2026

RBA Opens Door to Tokenised Assets and Private Money Through New RITS Consultation

The consultation was one of three items the Reserve Bank released on 3 September 2026, set out in its media release on the RITS consultation and retail CBDC update. The other two were a joint paper with the Treasury on the case for a …

Sonal Goyal | 09 September 2026

RBA Says House Prices Are Falling — But Australia's Housing Shortage Could Put a Floor Under the Market

That tension sits at the heart of the current housing debate. A softening market and a chronic shortage of homes can, and do, coexist. Understanding how the Reserve Bank reconciles the two helps explain why officials are neither alarmed by falling prices nor confident …

Sonal Goyal | 09 September 2026

RBA Reveals What a 10% Australian House Price Fall Could Mean for the Economy

Speaking at the AFR Property Summit on 8 September 2026, Assistant Governor (Economic) Sarah Hunter described three transmission channels of a housing correction. Crucially, she also drew a careful line around the much-discussed figure of a roughly 10 per cent price fall, making clear …

Sonal Goyal | 09 September 2026

RBA Says No Recession Is Its Base Case Despite Australia's Housing Downturn

Speaking at the AFR Property Summit on 8 September 2026, Assistant Governor (Economic) Sarah Hunter said the bank did not expect a recession, and repeated the point after developers raised the prospect of a "full-blown recession". Her framing is important: the housing slowdown now …

Sonal Goyal | 09 September 2026
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