Asia-Pacific

Reserve Bank of Australia

Sounds hawkish lately +0.23 Live feed

Speeches: 585
First speech: Feb 11, 1997
Latest speech: Sep 22, 2026
Tone vs coming rate moves: +0.34; rank correlation

Does the tone run ahead of the rate?

Speech tone over the previous three months, and the policy rate at the end of each month, on the same timeline. Hover over either chart to read the same month in both.

Speech tone

Policy rate

Latest speeches

Each speech's tone is the average over its sentences about policy, prices, rates or the economy. Open a speech to read it in full.

Date	Speech	Tone
Sep 22, 2026	Speech: A Wage-price Spiral: What are the Chances? Live feed	+0.13
Jun 4, 2026	Michele Bullock: Opening Statement to the Senate Economics Legislation Committee (Budget Estimates 2026–2027) Michele Bullock	+0.30
May 19, 2026	Sarah Hunter: Inflation and the impact of the Middle East conflict Sarah Hunter	+0.25
Mar 26, 2026	Christopher Kent: Reassessing Australian financial conditions Christopher Kent	−0.01
Mar 25, 2026	Brad Jones: After Acacia - the next era of financial system innovation? Brad Jones	−0.02
Mar 7, 2026	Andrew Hauser: On the safe-haven status of the US dollar Andrew Hauser	−0.09
Mar 3, 2026	Michele Bullock: Listening to Australians, interpreting the data and setting monetary policy Michele Bullock	+0.22
Mar 2, 2026	Sarah Hunter: Recent refinements to the dual mandate and navigating back to target Sarah Hunter	+0.07
Feb 12, 2026	Sarah Hunter: Defining full employment and its intertwined relationship with inflation Sarah Hunter	+0.06
Nov 20, 2025	Sarah Hunter: Remarks - Australian Industry Group Executive Luncheon Sarah Hunter	+0.08
Nov 10, 2025	Andrew Hauser: On the rail or off to the races? The outlook for the Australian economy Andrew Hauser	−0.00
Oct 24, 2025	Michele Bullock: Building bridges in the digital economy - modernising Australia's payments system Michele Bullock	+0.09
Oct 16, 2025	Christopher Kent: Australian financial conditions - how do we judge how tight or easy they are? Christopher Kent	−0.07
Oct 15, 2025	Sarah Hunter: Why productivity matters for central bankers Sarah Hunter	−0.05
Oct 3, 2025	Michele Bullock: The evolving global payments landscape - challenges and opportunities for Australia and the broader Asia-Pacific region Michele Bullock	−0.06
Sep 12, 2025	Brad Jones: Anti-fragility and the financial system Brad Jones	−0.11
Sep 3, 2025	Michele Bullock: Technology and the future of central banking at the Reserve Bank of Australia Michele Bullock	+0.04
Jul 24, 2025	Michele Bullock: The Reserve Bank of Australia's dual mandate - inflation and employment Michele Bullock	+0.11
Jul 9, 2025	Andrew Hauser: What has Australian macroeconomic thought achieved in the past century – and where can it contribute in the next? Andrew Hauser	−0.13
Jun 3, 2025	Sarah Hunter: Joining the dots - exploring Australia's economic links with the world economy Sarah Hunter	−0.27
Apr 29, 2025	Christopher Kent: Australia's external position and the evolution of the FX markets Christopher Kent	+0.08
Apr 10, 2025	Michele Bullock: Women's economic empowerment in Australia Michele Bullock	+0.01
Apr 2, 2025	Christopher Kent: The Reserve Bank of Australia's monetary policy implementation system - some important updates Christopher Kent	+0.06
Mar 18, 2025	Sarah Hunter: Monetary policy - forward looking and data dependent in the face of uncertainty Sarah Hunter	−0.07
Mar 5, 2025	Andrew Hauser: Monetary policy in a VUCA World Andrew Hauser	−0.04
Feb 21, 2025	Michele Bullock: Opening statement - House of Representatives Standing Committee on Economics Michele Bullock	+0.16
Dec 13, 2024	Sarah Hunter: Shedding light on uncertainty - using scenarios in forecasting and policy Sarah Hunter	−0.03
Dec 12, 2024	Brad Jones: The future of the payments system Brad Jones	+0.00
Nov 28, 2024	Michele Bullock: Economic conditions and the Reserve Bank of Australia's transformation Michele Bullock	−0.00
Nov 8, 2024	Brad Jones: Panel participation at the Regulators 2024 Brad Jones	−0.19
Oct 16, 2024	Sarah Hunter: Inflation expectations - why they matter and how they are formed Sarah Hunter	+0.09
Oct 9, 2024	Christopher Kent: A review of the Reserve Bank of Australia's Term Funding Facility Christopher Kent	−0.26
Oct 8, 2024	Andrew Hauser: From the shadows to the podium - central banks and the press Andrew Hauser	+0.03
Sep 18, 2024	Brad Jones: Financial innovation and the future of CBDC in Australia Brad Jones	−0.16
Sep 5, 2024	Michele Bullock: The costs of high inflation Michele Bullock	+0.16
Aug 16, 2024	Michele Bullock: Opening statement - House of Representatives Standing Committee on Economics Michele Bullock	+0.11
Aug 12, 2024	Andrew Hauser: Beware false prophets Andrew Hauser	+0.06
Aug 8, 2024	Michele Bullock: Economic conditions in post-pandemic Australia with a regional lens Michele Bullock	+0.13
Jul 8, 2024	Michele Bullock: Remarks - Pacific Banking Forum Michele Bullock	–
Jun 26, 2024	Christopher Kent: Restrictive financial conditions in Australia Christopher Kent	−0.04
Apr 4, 2024	Brad Jones: Financing SME innovation in Australia - challenges and opportunities Brad Jones	−0.18
Apr 2, 2024	Christopher Kent: The future system for monetary policy implementation Christopher Kent	+0.03
Feb 9, 2024	Michele Bullock: Opening statement - House of Representatives Standing Committee on Economics Michele Bullock	+0.20
Dec 14, 2023	Brad Jones: Bagehot and the lender of last resort – 150 years on Brad Jones	−0.11
Dec 12, 2023	Michele Bullock: Modernising Australia's payments system Michele Bullock	−0.22
Nov 22, 2023	Michele Bullock: A monetary policy fit for the future Michele Bullock	+0.17
Nov 13, 2023	Marion Kohler: The outlook for the Australian economy Marion Kohler	+0.05
Oct 31, 2023	Brad Jones: Emerging threats to financial stability – new challenges for the next decade Brad Jones	−0.16
Oct 24, 2023	Michele Bullock: Monetary policy in Australia - complementarities and trade-offs Michele Bullock	+0.11
Oct 11, 2023	Christopher Kent: Channels of transmission Christopher Kent	−0.01
Sep 7, 2023	Philip Lowe: Some closing remarks Philip Lowe	+0.18
Aug 11, 2023	Philip Lowe: Opening statement - House of Representatives Standing Committee on Economics Philip Lowe	+0.27
Jul 12, 2023	Philip Lowe: The Reserve Bank of Australia Review and monetary policy Philip Lowe	+0.10
Jun 20, 2023	Michele Bullock: Achieving full employment Michele Bullock	−0.03
Jun 7, 2023	Philip Lowe: A narrow path Philip Lowe	+0.22
May 2, 2023	Philip Lowe: Remarks at the Reserve Bank Board Dinner Philip Lowe	+0.18
Apr 20, 2023	Philip Lowe: Australia'a Bank Review Philip Lowe	+0.09
Apr 5, 2023	Philip Lowe: Monetary policy, demand and supply Philip Lowe	+0.22
Mar 20, 2023	Christopher Kent: Long and variable monetary policy lags Christopher Kent	−0.00
Mar 8, 2023	Philip Lowe: Inflation and recent economic data Philip Lowe	+0.12

Next: Across all central banksHow tone lines up with rate moves at every bank tested, and whether it predicts them.