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More pain brews for borrowers as rates hit 15-year high
30 September
Cash-strapped borrowers are being warned of more hikes to come by the Reserve Bank of Australia after it lifted interest rates to a 15-year high.In a unanimous decision, the central bank’s nine-member board lifted the cash rate target by 25 basis...[Read More]
September hike firms as RBA inflation fears come true
23 September
Economists at one of Australia’s big four banks expect the Reserve Bank to raise interest rates imminently after the central bank’s governor issued a dire warning about inflation.Michele Bullock told a parliamentary hearing in Canberra that it...[Read More]
Soft landing botched: IMF backs more rate rises
23 September
A global financial body has given the Reserve Bank the green light to hike interest rates and urged Treasurer Jim Chalmers to be bolder on tax reform.With a break-out in price growth hitting Australians’ living standards, returning inflation to...[Read More]
Iran and iPhones add to Reserve Bank’s inflation pickle
16 September
The rising cost of oil and iPhones is concerning the Reserve Bank of Australia as it approaches a crucial interest rate decision, the central bank’s chief economist says.With rising inflation pressures from the Middle East and more broadly around...[Read More]
RBA to speak ahead of crucial cash rate meeting
16 September
Comments by senior Reserve Bank of Australia officials will be closely monitored as anticipation builds towards another interest rate hike later this month.The central bank’s chief economist, Sarah Hunter, will participate in a fireside chat at a...[Read More]
Australians are ‘furious’ about inflation: RBA deputy
9 September
Australians are “furious” about inflation and it will take the nation years to fully get on top on higher post-pandemic living costs, the Reserve Bank’s deputy governor says.Ahead of the central bank’s meeting later this month on interest...[Read More]
Reserve Bank’s grim rates warning as oil prices spike
9 September
The Reserve Bank might have to raise interest rates if inflation is higher than expected as oil prices surge back towards $US100 a barrel.More attacks on oil tankers in the Strait of Hormuz drove Brent crude above $US97 a barrel, which will seep...[Read More]
‘Green light’ for rate hike as GDP growth surprises
2 September
Australia’s economy grew by 2.1 per cent in the last financial year, cementing the odds for another rate rise as the economy proves more resilient than the Reserve Bank expects.Gross domestic product expanded by 0.4 per cent in the June quarter,...[Read More]
‘Hot mess’ inflation result puts rate rise on the table
26 August
More interest rate hikes are on the cards after Australia’s headline inflation rate came in higher than expected, despite falling to its lowest level in eight months.The consumer price index rose one per cent in July, resulting in the annual rate...[Read More]
‘Hawkish’ RBA minutes reveal rate rise still an option
26 August
Members of the Reserve Bank’s rate-setting board considered hiking interest rates to pre-emptively ward off against a rise in inflation if the Middle East conflict drags on or the AI boom is larger than anticipated.The RBA board also fretted over...[Read More]
AI boom, productivity malaise making RBA’s job harder
19 August
The surge in artificial intelligence investment and Australia’s sluggish productivity growth rate are forcing the Reserve Bank to keep interest rates higher, a top central bank official says.Speaking two days after the RBA kept the cash rate...[Read More]
‘Hawkish’ RBA open to more hikes after holding rates
12 August
The Reserve Bank has left the door open to more interest rate hikes as it held the benchmark lending rate steady for a second straight meeting.Falling house prices and lower-than-expected inflation helped convince the central bank’s nine-member...[Read More]