The Latest Breaking News from Interest Rates

The interest rate in Australia just rose for the first time in a decade. What does this mean for cost of living, rent and first home buyers?

One of the stranger things about the Reserve Bank’s announcement of why it’s lifting interest rates by 0.25 percentage points is that it suggests inflation will come down by itself.

Reserve Bank of Australia’s move means millions of Australians face higher repayments on their home loans.

The peak welfare body says the next government should commit to full and sustainable employment, as rising interest rates threaten record low unemployment.

Small business owners are already being hit as consumers cut back on non-essentials

The RBA has raised the official cash rate by 25 points to 0.35 per cent

Central bank raises rate by 0.25 percentage points in a move that will stoke cost-of-living debate ahead of federal election

The Reserve Bank increases interest rates for the first time in more than 11 years, with a 25-basis-point hike taking the cash rate target to 0.35 per cent.

Australia's ruling coalition is bracing for a possible rise in interest rates on Tuesday right in the middle of a national election campaign that could further increase living costs and hamper Prime Minister Scott Morrison's re-election efforts.

The ASX loses ground as the Reserve Bank raises interest rates to curb surging inflation, while US stocks end higher after a volatile trading session, and billionaire Mike Cannon-Brookes becomes the biggest investor in AGL to block its plan to split its business.

RBC Capital analyst Mark A. Dwelle raised the price target for Fairfax Financial Holdings (TSX:FFH) (OTC:FRFHF) to $750 from $675. The analyst kept Outperform rating for the shares. Dwelle stated that the hard market is still driving strong top-line growth and improved underwriting margins, and management did a great job of protecting book value as…