NEWS UPDATE
NEWS UPDATE
The Reserve Bank of Australia faces growing pressure to raise interest rates again on November 3 after core inflation climbed one per cent in the latest quarter. The September quarter increase in the trimmed mean was in line with economist expectations but exceeded the central…
Mortgage holders can expect interest rates to stay higher for longer, whether or not the Reserve Bank raises them again on Melbourne Cup day. The RBA has been warning that the intense competition for global capital among artificial intelligence and data centre companies is pushing…
Inflation is expected to stay above the Reserve Bank’s target range until the end of 2027, with only six other developed countries having a higher rate than Australia’s. The extended period of high inflation has left the door open for more interest rate hikes. Australia’s…
Homes are likely to keep getting cheaper for about a year, but the downturn in house prices has not been replicated in rentals. Property prices are tipped to fall between eight and 11 per cent from their March peak and will only start to recover…
Home buyers are holding off to see where the falling Australian housing market lands as high interest rates, stubborn living costs and federal tax changes weigh on valuations. After a strong financial year of loan growth at People First Bank – Australia’s largest customer-owned bank…
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 points to 4.6…
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 appeared that inflation was worse than the…
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 target in the near term…
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 the globe, the Reserve Bank…
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 rates, Andrew Hauser said inflation remained…
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 into…
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, the Australian Bureau…
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 of inflation falling…
For most Australians, a home mortgage is one of the biggest financial commitments they will ever make. Yet once the loan is established, it can be surprisingly easy to simply keep making the repayments without regularly asking whether the loan is still competitive or appropriate….
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 steady at 4.35 per cent, assistant governor…
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