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The Latest Breaking News from the Reserve Bank

The Reserve Bank of India has fined IIFL Finance Rs 3.1 lakh for not returning surplus amounts from gold auctions to borrowers. Appnit Technologies faces a Rs 5.8 lakh penalty for KYC and PPI rule violations. These actions stem from regulatory compliance deficiencies identified during inspections. The RBI's move highlights…

The Economic Times

RBI accepts 2 core investment companies' applications for surrendering registration

The Reserve Bank of India has cancelled registration certificates for several non-banking financial companies and core investment companies. This action follows surrender requests from entities like RR Holdings and Anjali Capfin. HDFC Holdings' certificate was cancelled as it is no longer a legal entity post-merger. Other companies surrendered their certificates…

The Economic Times

RBI eases rules for outward remittances; drops prior approval for non-bank entities

The Reserve Bank of India has eased rules for non-bank entities facilitating outward remittances. Prior approval from the RBI is no longer required for these tie-ups. Authorised Dealer banks will now be solely responsible for compliance and customer verification. Customers will receive clear information on forex rates, costs, and credit…

The Economic Times

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RBI cancels licence of Mumbai-based Sarvodaya Co-operative Bank

The Reserve Bank of India has made the tough call to withdraw the license of Sarvodaya Co-operative Bank, a decision rooted in the bank's failing capital and declining revenue capabilities. As of May 12, 2026, all banking activities will halt. In a bid to protect depositors, the bank's clients will…

The Economic Times

Get ready for a budget slowdown. But Chalmers insists we won’t see a recession

Treasurer Jim Chalmers has called his budget “ambitious in the face of adversity”.

The Conversation

Man arrested over alleged offensive shirt outside royal commission venue – as it happened

This blog is now closed

The Guardian - AU

Oil crisis not over: warnings of diesel over $4 a litre

With the Strait of Hormuz still shut and stockpiles running down, economists warn fuel prices could spike above levels previously seen during this oil crisis.

AAP

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Afternoon Update: RBA hikes interest rates; Craig Silvey pleads guilty; and the best outfits from the Met Gala

Reserve Bank of Australia delivers third straight interest rate hike

The Guardian - AU

Third RBA rate hike might not be the end for borrowers

Mortgage holders are back to square one after a third straight Reserve Bank rate hike, adding hundreds of dollars more to interest repayments since February.

AAP

Australia’s property investor borrowing rises at fastest rate in a decade – despite interest rate rises

Owner-occupier mortgage growth slowed under growing costs while investor loans grew by $42bn in the year to March, a 9.6% increase

The Guardian - AU

The RBA has hiked interest rates. Use our loan calculator to check how it could affect you

The RBA has lifted rates again after soaring fuel prices pushed up inflation

The Guardian - AU

The Hormuz hike: why the RBA is predicted to deliver a third straight interest rate rise this week

While interest rate rises can’t affect the surging price of oil caused by Middle East turmoil, they are still the Reserve Bank’s best – and only – tool to fight inflation

The Guardian - AU

Close call tipped as Reserve Bank mulls third rate hike

Traders and economists expect the central bank to raise interest rates for a third straight meeting but high uncertainty could result in another split decision.

AAP

Another RBA rate rise won’t fix inflation – it will just smash households already hit by soaring fuel costs

The latest ABS consumer price index figures show just how pointless hiking interest rates would be at dealing with inflation. But raising rates is baked into the Reserve Bank’s DNA

The Guardian - AU

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The Guardian - AU

Inflation jumps to 4.6% in Australia as Iran war fuel shock begins to bite

Financial markets are betting the Reserve Bank will hike interest rates for a third straight meeting next Tuesday

AAP

Worse to come as oil crisis adds fuel to rate-pain fire

A rate hike in May is forecast by analysts after the Iran oil shock pushed the annual headline inflation level to the highest point in almost three years.

The Conversation

Why cash has made an unexpected comeback in Australia: new study

After two decades of declining cash use, Australians are handing over more banknotes and coins for regular purchases again, a new survey by the Reserve Bank has found.

The Conversation

The RBA’s policy deliberately creates unemployment. So why do we treat the jobless so badly?

The Reserve Bank of Australia (RBA) will look at the latest unemployment figures – 4.3%, roughly 650,000 people out of work – and see a labour market that is still “too tight”.

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The Conversation

Albanese and Indonesian governments land fertiliser supply deal for farmers

The federal government has secured access to 250,000 tonnes of extra urea from Indonesia for Australian farmers.

The Conversation

Politics with Michelle Grattan: Economist Chris Richardson on next steps in fuel crisis

The war in Iran has become the third major economic crisis in the last 20 years, with fuel prices jumping and inflation once again starting to pick up. Australians are feeling worsening economic pain.

AAP

RBA's stagflation nightmare: prices up, confidence down

Consumer and business confidence has taken a dive following the Iran conflict, highlighting the Reserve Bank's dual fears of falling activity and rising prices.

AAP

World economy counts cost of war as strait closes again

The economic costs of conflict are greater than severe natural disasters and can leave scars that last for a decade, the world's "financial firefighter" says.

The Guardian - AU

Is Australia headed for a recession? I hope not - but the RBA should be more worried

In backing down on his threats to destroy Iranian civilisation, Donald Trump has lessened concerns of a recession in Australia – at least for now

The Conversation

Banning card surcharges will make paying simpler – but not necessarily cheaper

From October 1, 2026, Australians will no longer pay a fee for debit, prepaid and credit payments using eftpos, Mastercard and Visa cards. The Reserve Bank of Australia estimates the change could save consumers around A$1.6 billion a year.

The Guardian - AU

Jim Chalmers claims removing card surcharges will ease cost-of-living pressures. But will you be better off?

The reforms announced by the Reserve Bank on Tuesday will have ripple effects across the whole payments system, experts say

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