Reserve Bank

Reserve Bank

The new RBA monetary statement is just like the old one — but there are some things that are changing significantly, writes Richard Holden.

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Subdued growth and deflation are behind the Reserve Bank's unusual Budget day interest rate cut, says Tim Harcourt, the J.W. Nevile Fellow in Economics at UNSW.

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The Australian economy exceeds expectations, while China continues to worry. RBA Governor Glenn Stevens has reason to smile, Janet Yellen less so, writes Richard Holden.

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UNSW's Airport Economist Tim Harcourt is punting on an interest rate cut from the Reserve Bank on Tuesday, just half an hour before the starter's pistol fires for the Melbourne Cup.

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The big banks are playing a controversial game by moving interest rates independently of the Reserve Bank, and should be subject to an excess profits tax, argue four prominent UNSW economists.