A detailed examination of data from the Reserve Bank of Australia (RBA) and Australia’s National Accounts reveals that wage growth is not responsible for the recent uptick in inflation. It concludes that the RBA’s latest interest rate hike fails to address the bigger driver of inflation – surging company profits – but it blames the...

The current stability of Australia's financial system is assessed in this report. It finds both the Australian and global systems have displayed a high level of resilience in the face of recent shocks. However, strengthening preparedness for potential crises and geopolitical risk is increasingly important.

This report summarises research on central bank digital currency (CBDC) and how this has informed the current assessment of CBDC issues in Australia. The report also sets out a three-year roadmap for future work on digital money and concludes that a clear public interest case to issue a retail CBDC has yet to emerge in...

Pressures on nature from human activity – such as land use change and pollution, as well as climate change - are increasing the risk of terrestrial ‘ecosystem tipping points’ (ETPs): non-linear, self-amplifying and irreversible changes in ecosystem states that can occur rapidly and on a large scale. The authors of this report argue that financial...

This paper explores the merits of introducing a retail central bank digital currency (CBDC) in Australia, focusing on the extent to which consumers would value having access to a digital form of money that is even safer and potentially more private than commercial bank deposits.