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The New Daily

Business

Matthew Elmas

Mortgage rates to rise sooner as inflation surge derails RBA plans: Economists

RBA Callam Pickering Reserve Bank

RBA Governor Philip Lowe is under new pressure to raise rates after inflation surged. Photo: AAP

Australians may face higher mortgage rates sooner than expected, as soaring prices for essentials like petrol put the Reserve Bank under renewed pressure to cut short its pandemic recovery plans.

Inflation data for the past December quarter released by the Australian Bureau of Statistics (ABS) on Tuesday revealed households are facing a New Year cost of living hangover, with prices rising faster than predicted.

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Top stories on inkl right now

Six-year-old among two dead after Kansas woman drives through soccer game, with 11 more injured

Six-year-old among two dead after Kansas woman drives through soccer game, with 11 more injured

Wichita police say 34-year-old truck driver from Garden City was taken into custody amid case at youth soccer game

The Guardian - US

Ecuador Priest Dies After Falling Crucifix Strikes Him During Mass as Livestream Captures Tragedy

Ecuador Priest Dies After Falling Crucifix Strikes Him During Mass as Livestream Captures Tragedy

A Catholic priest in Ecuador died after a large crucifix fell during a livestreamed Mass in Guayaquil, as the archdiocese confirmed his death and questions remained over the collapse.

International Business Times UK

Mystery 11-Foot Object Has Turned Up in a Minnesota Cornfield and Is 'Presumably a Space Object'

Mystery 11-Foot Object Has Turned Up in a Minnesota Cornfield and Is 'Presumably a Space Object'

An 11-foot metallic structure found in a Stevens County cornfield is being examined by state and federal agencies, which have yet to determine its origin or ownership

International Business Times UK

Celebrated Singer Found 'Tied Up' at the Bottom of His Swimming Pool in 'Suspicious' Death

Celebrated Singer Found 'Tied Up' at the Bottom of His Swimming Pool in 'Suspicious' Death

Gus Ormo's suspicious death is under investigation after the Venezuelan singer was found in a Florida pool amid an unconfirmed report of restraints.

International Business Times UK

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Unrest spreads in Europe: Cost-of-living protests turn deadly; leaders condemn violence

Unrest spreads in Europe: Cost-of-living protests turn deadly; leaders condemn violence

France is witnessing explosive protests over soaring living expenses and inadequate public services, sparking clashes with police forces. This unrest has spilled over into neighboring Belgium and Italy, marking a significant uptick in regional tensions. With more than 500 police officers reported injured and severe property destruction across various cities,…

The Times of India

More than 1,800 arrested as France faces up to aftermath of nationwide protests

More than 1,800 arrested as France faces up to aftermath of nationwide protests

Residents deal with broken windows and burnt out cars after tens of thousands of people take to the streets

The Independent UK

Related Stories

Top stories on inkl right now

Six-year-old among two dead after Kansas woman drives through soccer game, with 11 more injured

Six-year-old among two dead after Kansas woman drives through soccer game, with 11 more injured

Wichita police say 34-year-old truck driver from Garden City was taken into custody amid case at youth soccer game

The Guardian - US

Ecuador Priest Dies After Falling Crucifix Strikes Him During Mass as Livestream Captures Tragedy

Ecuador Priest Dies After Falling Crucifix Strikes Him During Mass as Livestream Captures Tragedy

A Catholic priest in Ecuador died after a large crucifix fell during a livestreamed Mass in Guayaquil, as the archdiocese confirmed his death and questions remained over the collapse.

International Business Times UK

Mystery 11-Foot Object Has Turned Up in a Minnesota Cornfield and Is 'Presumably a Space Object'

Mystery 11-Foot Object Has Turned Up in a Minnesota Cornfield and Is 'Presumably a Space Object'

An 11-foot metallic structure found in a Stevens County cornfield is being examined by state and federal agencies, which have yet to determine its origin or ownership

International Business Times UK

Celebrated Singer Found 'Tied Up' at the Bottom of His Swimming Pool in 'Suspicious' Death

Celebrated Singer Found 'Tied Up' at the Bottom of His Swimming Pool in 'Suspicious' Death

Gus Ormo's suspicious death is under investigation after the Venezuelan singer was found in a Florida pool amid an unconfirmed report of restraints.

International Business Times UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Unrest spreads in Europe: Cost-of-living protests turn deadly; leaders condemn violence

Unrest spreads in Europe: Cost-of-living protests turn deadly; leaders condemn violence

France is witnessing explosive protests over soaring living expenses and inadequate public services, sparking clashes with police forces. This unrest has spilled over into neighboring Belgium and Italy, marking a significant uptick in regional tensions. With more than 500 police officers reported injured and severe property destruction across various cities,…

The Times of India

More than 1,800 arrested as France faces up to aftermath of nationwide protests

More than 1,800 arrested as France faces up to aftermath of nationwide protests

Residents deal with broken windows and burnt out cars after tens of thousands of people take to the streets

The Independent UK

Our Picks

Kim Kardashian Is 'Technically More a Lawyer' Than Trump's Press Secretary, Jimmy Kimmel Says

During an appearance on Jimmy Kimmel Live!, Kim Kardashian discussed her legal studies as Kimmel joked about her qualifications compared with departing White House press secretary Katie Zacharia.

International Business Times UK

Picasso Plates Auction Sale: thrift find turns into $34,000 windfall; she saves one for later

While perusing a thrift store, Nancy Cavaliere stumbled upon four ceramic plates attributed to Pablo Picasso, each priced at just $1.99. After authenticating them through an auction house, she struck gold with a December 2022 sale where three plates fetched a remarkable $34,000. The plates are part of Picasso's Visage…

The Times of India

‘A key artist in her own right’: wallpaper and fabrics designer emerges from William Morris’s shadow

Creativity and influence of Morris & Co designer Kate Faulkner to be detailed in Cambridge exhibition

The Guardian - UK

Mark Cuban is worth $10 billion—but in college, he paid for junior year with a dorm-room chain letter he admits was ‘basically a scam’

Cuban, who grew up in a working-class family, says his early hustles laid the groundwork for a career that took him from a crowded Dallas apartment to billionaire status.

Art dealer who sold forged Warhols sentenced to nearly four years in prison

Leslie Roberts, 62, who created fraudulent invoices and authentication documents, also ordered to repay $2.6m

The Guardian - US

Total Ultraprocessed Food Intake Showed No Link to Colorectal Cancer in 461,682 Older Adults Followed Nearly 19 Years

A study of 461,682 older adults found no link between total ultraprocessed food intake and colorectal cancer, though meat intake still raised risk.

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