The lesson we learnt from the Optus crash when, for a brief moment, cash was king again Small businesses are the first to feel the pinch when the EFTPOS becomes a paperweight. Newcastle Herald · Nov 8, 2023
The Reserve Bank’s 13th interest rate rise is tightening the squeeze. But a pre-Christmas shock looks unlikely RBA governor Michele Bullock’s debut rate rise as governor looks unlikely to be repeated next month The Guardian - AU · Nov 7, 2023
We know rate hikes lead to higher mortgage payments – but they affect Australia’s economy in myriad other ways What prompted the RBA’s Cup Day interest rate decision? The answer in a word is inflation far exceeding expectations The Guardian - AU · Nov 7, 2023
Why it's a good bet the RBA's Melbourne Cup Day interest rate hike will be the last Australia just became the odd one out. The Conversation · Nov 7, 2023
RBA interest rates: Reserve Bank hikes cash rate by 25 basis points to 4.35% Quarter-point increase to the cash rate will add roughly $100 to monthly repayments for a standard mortgage of about $600,000 The Guardian - AU · Nov 7, 2023
Aust shares break winning streak as RBA lifts rates The ASX200 has finished down 0.3 per cent in its first losing day this month after the Reserve Bank raised interest rates for the first time in five meetings. AAP · Nov 7, 2023
Morning Mail: Albanese hails China visit, borrowers brace for rate hike, Trump on the stand The prime minister says meeting Xi Jinping will ‘take forward’ relations with Beijing; RBA tipped to pile agony on financially stretched households The Guardian - AU · Nov 6, 2023
Cup day rate hike extends finishing line for borrowers Mortgage-holders have been hit with another interest rate rise as the Reserve Bank intensifies its fight against inflation. AAP · Nov 6, 2023
Majority of Australians struggling financially, Essential poll finds Almost a quarter of households say interest rate rises are having a ‘very negative’ impact, as the RBA considers a 13th rate rise this cycle The Guardian - AU · Nov 6, 2023
Westpac’s profit jump is no surprise when the RBA favours banks over households Further hiking of interest rates to meet a 2-3% inflation target will serve to enhance the financial sector, not consumers doing it tough The Guardian - AU · Nov 6, 2023
Photo finish looms for Melbourne Cup interest rate call Australian borrowers could be hit with another interest rate hike at a closely run Melbourne Cup Day cash rate call. AAP · Nov 5, 2023
If interest rates rise again, it may be because inflation fears lost their anchor to reality The issue of ‘consumer expectations’ of inflation is hotly debated by economists, and might be a key factor in the Reserve Bank’s decision The Guardian - AU · Nov 5, 2023
Will they, won't they? All eyes on RBA Cup Day meeting Stubbornly high inflation has raised the chances of a November interest rate increase by the central bank, putting more financial pressure on borrowers. AAP · Nov 4, 2023
Grattan on Friday: Treasurer Jim Chalmers pumps up his role in energy transition Jim Chalmers – as if he doesn’t have enough on his plate – is marching into the centre of energy policy. The Conversation · Nov 2, 2023
The Guardian - AU · Nov 1, 2023 An RBA rate rise next week is now an even-money bet – and figures reveal just how damaging it would be A rise would only add to the cost of necessities without reducing inflation, hitting households already struggling with a 70% increase in mortgage costs
The Guardian - AU · Nov 1, 2023 Reserve Bank will have to raise interest rates again because inflation still too high, IMF says Fund recommends further monetary tightening by RBA to ensure Australia’s price rises return to target range by 2025
AAP · Oct 31, 2023 Housing rebound eyes new mark but rates threat looms National home prices are about to hit a fresh peak in October, though the pace of growth is starting to slow.
The Guardian - AU · Oct 31, 2023 Australia’s banks face unprecedented wave of threats, RBA warns A rush on withdrawals among the possible dangers as sector likely to see risks with ‘a different complexion’ in coming decade, assistant governor says
AAP · Oct 28, 2023 Auction jump ahead of expected Cup day rate hike An expected rate hike on Melbourne Cup Day has impacted the number of homes going under the hammer, with clearance rates tipped to jump.
The Guardian - AU · Oct 26, 2023 Afternoon Update: US mass shooting kills at least 16; Sydney woman found dead identified; and Gen Z want less sex on screen A man is reported to have opened fire at a bowling alley and bar in Maine’s second-largest city of Lewiston in the US
The Guardian - AU · Oct 26, 2023 RBA governor says inflation bump no surprise but won’t say whether rates will rise Michele Bullock tells Senate estimates ‘we might need to go again’ as Westpac joins other big banks in predicting November rate rise
AAP · Oct 25, 2023 RBA 'wary' more rate hikes needed to beat inflation The head of the Reserve Bank admits decision-makers "don't know if the job is done yet" when it comes to interest rate tightening to combat inflation.
The Guardian - AU · Oct 25, 2023 A Melbourne Cup Day rate rise would not be tough on inflation, it would just be cruel Australians are already getting hit by higher costs for necessities, reducing their ability to save and spend money on non-essential goods and services
The Guardian - AU · Oct 25, 2023 Grim end to year predicted for Labor with high chance of at least two more interest rate rises Strong quarterly inflation figures sends market scrambling as odds on for interest rate hike at Reserve Bank’s Melbourne Cup Day meeting
AAP · Oct 25, 2023 ASX finishes flat as experts say RBA will hike again Australian shares gave up their gains after a hotter-than-expected domestic inflation report dramatically increased the odds of another rate hike next month.