NEWS UPDATE
NEWS UPDATE
If you are one of those people who still carry a bunch of $10 or $20 notes around in your pocket in case of emergencies, you’re not alone. While a majority of payments made in Australia are done by electronic means, including cards, about half…
The Reserve Bank board will have to earn its money to navigate Australia through a “nightmare” stagflation shock, a top central bank official says as confidence tanks and prices soar. The RBA was still “feeling its way” through the energy crisis and what it meant…
Overseas trips and hotel stays funded through credit reward schemes could be in trouble as Australia’s central bank cuts fees on card transactions. The Reserve Bank has revamped card usage by banning surcharge payments and cutting interchange fees, in a move experts said has levelled…
A conflict at the heart of the Reserve Bank’s mandate could determine the outcome of its next interest rates decision. Minutes from the central bank’s March meeting published on Tuesday revealed a split between the five members who voted for a hike in the cash…
A slight easing in Australia’s headline inflation rate before the Iran war will do little to ease the Reserve Bank’s fears, as economists expect price growth to bounce back with a vengeance in March. Consumer prices rose 3.7 per cent in the 12 months to…
Mortgage holders could face as many as three interest rate hikes by Christmas, according to money markets, as concerns mount over the Iran war’s impact on inflation. Rates traders upped their predictions on Friday, pricing in almost 75 more basis points of hikes by the…
Noisy jobs data has revealed a tight labour market, giving the Reserve Bank the green light to further hike interest rates despite a spike in unemployment. The jobless rate jumped to 4.3 per cent in February, despite almost 50,000 more people finding a job, the…
Australian consumers are the least confident they’ve been since records began, as high oil prices threaten to worsen the housing crisis by pushing up building costs. Motorists have already been feeling under the pump from petrol price increases. But now second-order effects have started to…
The Reserve Bank does not want to send Australia into a recession but its options to avoid one might be running out. Governor Michele Bullock has old reporters a recession could be a possibility if inflation proves too hard to get down, after the central…
The Reserve Bank of Australia has hiked interest rates for the second straight month, warning of more pain the longer the war in the Middle East drags on. In a split five-four decision on Tuesday – the tightest since the central bank started publishing vote…
Three of Australia’s four major banks predict the Reserve Bank will hike interest rates for the second month in a row as fears that war in the Middle East will worsen inflation fuelled a drastic turnaround in markets. Westpac, NAB and Commonwealth Bank have revised…
Traders upped their bets for a Reserve Bank rate hike in March to a one-in-three chance after the central bank’s governor said the meeting would be “live”. While Michele Bullock was careful not to signpost the RBA’s decision on March 17, her comments disabused any…
Higher spending on defence, data centres and Black Friday sales has helped the economy grow at its fastest pace in almost three years, boosting living standards but raising fears of more interest rate hikes. Gross domestic product expanded 0.8 per cent in the December quarter,…
The first round of inflation data for the year has arrived, which is likely to increase pressure on the Reserve Bank to lift interest rates further. WHAT DID THE DATA REVEAL? * Headline inflation remained steady for January at 3.8 per cent * Trimmed mean…
Higher levels of inflation will stick around for several months, the treasurer has warned, as new figures put pressure on the Reserve Bank to lift interest rates further. Underlying inflation ticked up for January, coming in at 3.4 per cent, up from 3.3 per cent…
Privacy Policy Powered by Feedsy
Angel Advisory Intermediate Pty Ltd trading as Nixon Financial Services
ACN 699 248 989
Corporate Authorised Representative no. 1322597
Financial Services Guide Part 1
Joel Plowman’s Financial Services Guide Part 2
Leigh Jenkins Financial Services Guide Part 2
Rod Harper Financial Services Guide Part 2
Mark Trajkovski Financial Services Guide Part 2