The Latest Breaking News from Philip Lowe

Mortgage holders should brace for short-term pain as RBA signals steady interest rate rises to tackle inflation

Philip Lowe says reserve bank looking for its ‘neutral rate’ which could see cash rate almost double in coming months

The Guardian - AU · Jul 20, 2022

‘Right policy choice’: RBA boss Philip Lowe defends COVID response as inflation anger grows

Reserve Bank governor Philip Lowe has defended his COVID response, saying that pinning interest rates to the floor in 2020 was the “right policy choice”.

The New Daily · Jul 20, 2022

More RBA rate hikes to come as investors brace for Twitter, Netflix earnings reports

The meeting minutes and a speech by RBA governor Philip Lowe on Wednesday are likely to reiterate the overarching message – more rate hikes are coming.

The New Daily · Jul 18, 2022

How much did interest rates go up by? What is the RBA's new cash rate? How could it all impact you?

We've just been hit with the third cash rate hike in three months. Here's what it all means.

ABC News · Jul 5, 2022

Cost-of-living crisis will get worse before it gets better: Jim Chalmers

Treasurer Jim Chalmers has conceded the cost-of-living crisis will get worse before it gets better after the RBA hiked interest rates by 50 basis points. 

The New Daily · Jul 5, 2022

Why are interest rates going up? What does inflation have to do with the Reserve Bank’s decision?

Interest rates have just risen, again. But do you understand why? Here's everything you need to know.

ABC News · Jul 4, 2022

‘Serious financial stress’: Typical mortgage bills tipped to jump $792 by year’s end

Home owners are being warned to brace for their third interest rate hike in as many months on Tuesday as the Reserve Bank fights surging inflation.

The New Daily · Jul 4, 2022

The Ferguson Report: Americans ‘vote 1’ for ballot-box apathy

Since SCOTUS clobbered Roe v Wade, progressive Americans have wondered how such a thing could happen. Voting might have something to do with it

The New Daily · Jul 1, 2022

Alan Kohler: A recession we don’t have to have is coming, and it will be the RBA’s fault

The RBA has turned on a sixpence, from smiling benignly and welcoming some inflation to sprouting horns and bringing on a recession we didn't have to have.

The New Daily · Jun 29, 2022

Sentiment lifts from the depths of despair

Consumer confidence has improved for a second consecutive week after a slump earlier in the month as a result of a large rise in interest rates.

AAP · Jun 27, 2022