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The Latest Breaking News from Philip Lowe

Treasurer says government's energy market intervention is already working to provide household relief

Treasurer Jim Chalmers tells ABC Insiders the federal government's intervention is putting downward pressure on electricity prices, and inflation remains the economy's greatest challenge.

ABC News

Jim Chalmers confident Australia will avoid recession despite warnings of more interest rate rises

The treasurer also noted ‘very encouraging’ signs on power prices falling, saying Labor’s energy price relief package was working

The Guardian - AU

RBA governor faces grilling on 'hawkish' rate hike talk

Reserve Bank governor Philip Lowe will appear before parliamentary committees this week after what's been labelled as a "hawkish" shift for the central bank.

AAP

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Intervention for energy prices working, says treasurer

Treasurer Jim Chalmers says intervention in the energy market is working and that a decision will be made mid-year on the fate of RBA governor Philip Lowe.

AAP

What experts think of the RBA’s interest rate rises – and what they say is coming next

Five leading economists give their views on what’s on the horizon for Australia’s economic future

The Guardian - AU

Walking the ‘narrow path’: Will Australia avoid a recession in 2023 as Jim Chalmers predicts?

Treasurer Jim Chalmers isn't predicting a recession in 2023, but experts say the risk is rising as consumer spending slows.

The New Daily

How high will interest rates go? RBA flags more mortgage pain in 2023

Australians are being warned to brace for even more interest rate hikes after the Reserve Bank began 2023 with a fresh mortgage squeeze.

The New Daily

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RBA warns of at least 2 more interest rate rises in coming months, as the economic outlook worsens

Australia’s cash rate has hit 3.35%, after the Reserve Bank raised interest rates for the ninth time in a row – and signalled more interest rate pain ahead. The 0.25 percentage point rise adds A$90 a month to a $600,000 variable mortgage.

The Conversation

Australia lifts cash rate to 3.35% with 9th rate hike

Australia's central bank has lifted its benchmark interest rate for a ninth consecutive time to 3.35% as it battles inflation that rose to 7.8% in the latest quarter

The Independent UK

‘Higher than expected’: RBA signals more rate hikes as 2023 inflation battle begins

The Reserve Bank has kicked off the New Year with another squeeze on homeowners, lifting its target cash rate to a decade-high 3.35 per cent.

The New Daily

RBA interest rates: Reserve Bank lifts official rate to 3.35% in record ninth consecutive hike to tame inflation

Mortgage holders likely to feel immediate pain but RBA indicates further increases to come in attempt to bring inflation under control

The Guardian - AU

RBA hikes interest rates to decade-high in first meeting of 2023

The Reserve Bank has raised interest rates to a decade high 3.35 per cent at its first meeting of the year in a bid to curb sky-high inflation

The New Daily

Letters explaining $5 note shock decision released

Letters explaining the future of Australia's $5 note, which will include a replacement for the portrait of the monarch with a new design, have been released.

AAP

Alan Kohler: The RBA is fighting for its purpose … and its life

Let’s have a sort of “upper-level extension” to the RBA in the fight against inflation, writes Alan Kohler.

The New Daily

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The New Daily

How long will we use human misery to control inflation?

An interest rate increase? On the agenda? Try eight, actually happening. Dr Lowe and his RBA colleagues did get left behind.

The New Daily

Inflation crossroads: Where cost-of-living crisis, interest rates could go in 2023

It’s been a rollercoaster year for families as a cost of living crisis has combined with steep interest rate hikes to squeeze millions.

The New Daily

Alan Kohler: Three broken promises define 2022

Thanks to our unaffordable housing, Philip Lowe might not end up with a recession on his conscious, only the legacy of broken promises.

AAP

RBA boss to stay on if reappointed

Reserve Bank of Australia governor Philip Lowe says he has no plans to resign when his term is up next September.

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AAP

Government takes aim at high payment fees

The federal government and the central bank want to foster competition in payment technologies to help drive down the cost of transactions.

The Guardian - AU

Reserve Bank review ‘will be relevant’ to Philip Lowe’s chances of a second term, Chalmers says

Treasurer says it is not a ‘performance review’ but will ‘feed into our thinking’ about RBA leadership

AAP

Decision on RBA's top job due next year

The treasurer will consider the best possible leadership structure for the central bank when weighing up the reappointment of governor Philip Lowe next year.

The New Daily

All eyes on Christmas as Reserve Bank mulls even higher interest rates in 2023

RBA Governor Philip Lowe unveiled an eighth interest rates hike at the bank's final meeting of 2022 on Tuesday.

The Independent UK

Australia's central bank raises key interest rate to 3.1%

Australia’s central bank has raised its benchmark interest rate by a quarter-point to 3.1% as it tries to wrestle down inflation

The New Daily

‘Harsh and heavy’: Rates hiked again as RBA ends 2022 with eighth straight squeeze

The Reserve Bank has raised interest rates for the eighth month in a row, lifting its target by 0.25 percentage points.

The New Daily

Interest rates rise to decade high as RBA delivers Christmas pain

The Reserve Bank has raised interest rates for the eighth month in a row, lifting its target by 0.25 percentage points.

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