Reserve Bank
Coverage of Reserve Bank in the Nexus archive.
- Malawi: Malawi's Forex Bureau Overhaul Exposes Deeper Supply-Side Fault Lines
Malawi's Reserve Bank introduced a new licensing regime for foreign-exchange bureaus to promote transparency. However, the reforms have highlighted ongoing concerns about whether regulatory oversight can address systemic issues of chronic foreign currency scarcity.
- Interest rate hikes remain on cards as Australia’s underlying inflation climbs, economists warn
Australia's underlying inflation rose to 3.6% annually, driven by factors beyond falling fuel prices, prompting economists to warn that further Reserve Bank rate hikes remain likely. Annual inflation fell to 4% in May due to a 12% drop in fuel prices, but trimmed mean inflation increased, signaling ongoing economic challenges.
- Australia’s unemployment rate jumps to 4.5% in ‘tentative signs labour market is buckling’
Australia's unemployment rate rose to 4.5% in April, the highest level in four-and-a-half years, as employed persons unexpectedly fell by 18,600. The jump suggests the labour market is weakening due to rising interest rates and global oil crisis concerns, likely prompting the Reserve Bank to delay further rate hikes.
- ‘It’s quite distressing’: rate rise brings new pain for would-be homebuyers
The Reserve Bank rate hike has affected not only mortgaged homeowners but also those hoping to break into the property market, making home ownership further out of reach. Property prices are still rising at the entry level and borrowing costs are increasing. This situation is frustrating for would-be homebuyers like Dani Hunterford and her husband.