RBA investing in new models to navigate frequent global supply shocks

Reserve Bank of Australia supply shocks monetary policy

Quick Look

Reserve Bank chief economist Sarah Hunter stated that global supply shocks are becoming more frequent, prompting the RBA to invest in new economic models and research to adapt to this "new reality" and manage policy trade-offs more often.

AI-generated summary

Font size

Read the full article on ABC Top Stories

Despite US sanctions and recent strikes in the Strait of Hormuz, Iran has generated billions from oil sales, exceeding pre-war forecasts. The US blockade, intended to restrict Iran's oil exports, was lifted under a Memorandum of Understanding (MOU), allowing Iran to move stored oil and circumvent sanctions through ship-to-ship transfers and new evasion techniques.

ABC Top Stories

Developing·4h ago

NSW Rail Union Raised Safety Concerns Day Before Freight Train Derailment

The NSW Rail, Tram and Bus Union (RTBU) alerted Southern Shorthaul Railroad (SSR) to safety issues, including training and workplace culture, just 24 hours before five of its wagons derailed in the Southern Highlands. SSR's accreditation was suspended for six weeks by the rail safety regulator.

ABC Top Stories

Developing·4h ago

Australian Moringa Growers Face Uncertainty After Food Safety Ruling

Australian Moringa growers are uncertain about selling their product after Food Standards Australia New Zealand (FSANZ) ruled it unsafe for human consumption. A grower is appealing the decision, which impacts leaves, pods, and oils, while therapeutic products remain available if registered.

ABC Top Stories

Developing·2h ago

Australian Moringa Growers Face Uncertainty After Food Safety Ruling

Australian Moringa growers are uncertain about selling their product after FSANZ ruled it unsafe for human consumption. An appeal is underway, but a new application could take two years.

ABC Top Stories

Developing·1h ago

Market Snapshot and Telstra Outage Updates

Telstra is still experiencing issues with some emergency calls following a nationwide outage caused by a software defect. The ASX 200 opened lower, with most sectors down except Energy and Utilities. Wall Street and European markets also saw declines, while oil prices surged.

ABC Top Stories

BREAKING·4h ago

Australian Shares Set to Open Lower Amid Mixed Wall St, Surging Oil Prices

The Australian share market is expected to open lower following a mixed performance on Wall Street. Meanwhile, oil prices are surging after US President Donald Trump declared a ceasefire with Iran over and initiated new strikes.

ABC Top Stories

More on this topicReserve Bank of Australia

RBA investing in new models to navigate frequent global supply shocks

Quick Look

Related Topics

Related Stories

Iran Rakes in Billions Despite US Sanctions and Strait of Hormuz Strikes

NSW Rail Union Raised Safety Concerns Day Before Freight Train Derailment

Australian Moringa Growers Face Uncertainty After Food Safety Ruling

Australian Moringa Growers Face Uncertainty After Food Safety Ruling

Market Snapshot and Telstra Outage Updates

Australian Shares Set to Open Lower Amid Mixed Wall St, Surging Oil Prices