Today’s Reserve Bank decision to increase interest rates by half a percentage point is more difficult news for Australians with a mortgage.

New numbers show inflation has increased 6.1 per cent over the past year and highlight the difficult circumstances facing Australian workers and families.

Today, the Government has introduced the Treasury Laws Amendment (Electric Car Discount) Bill 2022 into Parliament.

Wayne Byres has advised the Governor‑General of his intention to step down as Chair of the Australian Prudential Regulation Authority from 30 October, 2022.

The Albanese Government will nominate Rob Nicholl for appointment as the Executive Director at the International Monetary Fund and Kerstin Wijeyewardene as the Alternate Executive Director at the World Bank for two year terms starting in November.

The Albanese Labor Government is delivering on its election commitment to increase foreign investment fees and penalties.

Mark Barnaba AM has agreed to serve another year on the Reserve Bank Board at my request.

Today I announce the first wide‑ranging review of the Reserve Bank of Australia since the current monetary policy arrangements were instituted in the 1990s.

The Albanese Government has today nominated Ms Catriona Lowe to be a Deputy Chairperson of the Australian Competition and Consumer Commission (ACCC) for a five‑year period starting on 27 January 2023.

I am attending the G20 Finance Ministers and Central Bank Governors Meeting in Indonesia with Reserve Bank Governor Philip Lowe from 15 to 16 July.