The Latest Breaking News from Philip Lowe

Growth report likely to reveal an economy losing steam

Economic activity is expected to slacken further as higher interest rates and gloomy global conditions persist. The national accounts for the March

The New Daily · Jun 6, 2023

Morning Mail: military ‘will be stronger’ for war crimes inquiry, Ukraine dam disaster, Harry in the stand

Defence chief says Brereton report will, in time, reap ‘positive effect’, Ukraine faces ecological crisis after dam collapse, Prince Harry takes to the witness stand

The Guardian - AU · Jun 6, 2023

Michael Pascoe: Is the RBA acting out of spite or just lost the plot?

Passing without notice in April, the Reserve Bank pulled a neat little trick, apparently making multiple billions of dollars in losses “disappear”. I’ve

The New Daily · Jun 6, 2023

Australian central bank boosts cash rate to 4.1% with 12th hike

Australia’s central bank has lifted its benchmark interest rate for a 12th consecutive time to 4.1% and warned further rises could follow

The Independent UK · Jun 6, 2023

‘Difficult to understand’: Mortgage bills to rise again as RBA hikes interest rates in June

Australian households will be forced to endure a 12th hike in interest rates after the Reserve Bank moved to push up mortgage bills in June.

The New Daily · Jun 6, 2023

Interest rates hiked in June: RBA moves to 4.1 per cent amid fears about inflation plan

The Reserve Bank raised interest rates another 0.25 percentage points in June and has signaled more could be on the horizon.

The New Daily · Jun 6, 2023

RBA interest rates: Reserve Bank increases cash rate by 25 basis points in attempt to quash inflation

RBA decision to raise Australia’s cash rate by another 25 basis points brings the official rate to 4.1%, its highest level in 11 years

The Guardian - AU · Jun 6, 2023

No signs of recovery among despondent consumers

Consumer confidence has not budged from its weak position, although mortgage holders have regained some optimism ahead of the next cash rate decision.

The New Daily · Jun 6, 2023

Economists split over prospects of another rate rise ahead of RBA meeting

Despite 11 hikes in the cash rate since last May, some forecasters think the central bank could still raise borrowing costs again

The Guardian - AU · Jun 5, 2023

Worst mortgage stress since GFC as Reserve Bank board ponders rates hike

Another 30,000 Australians could be thrown into risk of mortgage stress if the RBA raises interest rates again.

The New Daily · Jun 5, 2023