The Latest Breaking News from Philip Lowe

Reserve Bank Governor Philip Lowe has announced he will lift the cash rate for the first time in a decade, by 0.25 percentage points, taking it from 0.10% to 0.35%.

Rise to 0.35% increases median monthly home loan repayment by up to $118, but rates predicted to reach 2% in a year’s time

The Reserve Bank has lifted interest rates for the first time since 2010, and thus inflicted serious harm on Scott Morrison’s economic credentials.

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 of Australia board has raised the cash rate by 0.25 percentage points to 0.35 per cent following its monthly board meeting.

The Reserve Bank of Australia board has raised the cash rate by 0.25 percentage points to 0.35 per cent following its monthly board meeting.

The RBA is considering raising the official cash rate for the first time since 2010 and the outcome will have big ramifications for the federal election

Philip Lowe mightn’t be a household name but the Reserve Bank governor finds himself catapulted right into the centre of this election campaign, in which events are proving more important than policies.

The Reserve Bank is increasingly likely to start raising interest rates next Tuesday. But why would it add increased interest costs to household budgets at a time when Australians are struggling with a surging cost of living? Michael Janda explains the economics behind it.

The minutes of the Reserve Bank’s April board meeting may give further clues to the timing of the first rise in the cash rate in a decade.

Rising interest rates will be a juggling act for the RBA with debt serviceability