The Latest Breaking News from Philip Lowe

Sure, the RBA froze interest rates this time, but there's plenty of pain to come

Australia’s Reserve Bank has hit pause on interest rates after ten successive hikes, but for many Australians, the pain it has inflicted is about to begin.

The Conversation · Apr 4, 2023

Australia pauses key interest rate at 3.6% after 10 hikes

Australia’s central bank has left its benchmark interest rate on hold at 3.6% at its latest monthly meeting following evidence that inflation is falling

The Independent UK · Apr 4, 2023

RBA hits pause on official interest rate at 3.6% but says further rises may be needed

Cash rate on hold as the Reserve Bank indicates it will monitor state of economy and the outlook before lifting borrowing costs further

The Guardian - AU · Apr 4, 2023

RBA hints at rates pause amid ‘economic uncertainty’

Australian mortgage holders might finally be in for a reprieve on interest rates, with the RBA indicating it will consider a pause in hikes.

The New Daily · Mar 21, 2023

Westpac urges RBA interest rates pause as major banks hike rates

The Reserve Bank is tipped to pause its record-breaking run of interest rate hikes in April as the economy slows faster than expected.

The New Daily · Mar 17, 2023

Alan Kohler: The Fed broke something, so the rate hikes are finished

US rate hikes only ever have a gradual impact on households, while in Australia the effect on the household sector is dramatic and immediate.

The New Daily · Mar 15, 2023

Michael Pascoe: Time for Baby Boomers to admit they had it much, much better than it is now

Yes, Boomers’ interest rates were higher, but the cost of housing was much, much lower and disposable income was not as low.

The New Daily · Mar 14, 2023

Interest rate pause still months away, economists warn

Despite a softening of language from the RBA, economists are still tipping another rate rise when the central bank next meets.

The New Daily · Mar 13, 2023

Households carry rate pain as businesses flourish

The disconnect between households worried about wages and mortgage repayments and businesses, which appear to be doing just fine, hasn't gone unnoticed.

AAP · Mar 10, 2023

Who is Anies Baswedan, the man hoping to be Indonesia's next president?

The Indonesian presidential hopeful has met with Foreign Minister Penny Wong and governor of the Reserve Bank Philip Lowe during his visit to Australia.

ABC News · Mar 9, 2023