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The Latest Breaking News from RBA

Struggling Australians can cut back spending or work more to get into ‘positive cash flow’, Philip Lowe says

The Reserve Bank governor says rates will keep being lifted if necessary, despite ‘significant financial pressure’ for some

The Guardian - AU

Labor rejects claim wage rise to blame for rates hike

Ahead of the latest news on Australia's economic performance, the federal government says it's determined to provide as much cost-of-living relief as it can.

The New Daily

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

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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

Economists warn worst is yet to come after June interest rates rise

The June interest rates hike might not be the last, either, with RBA boss Philip Lowe saying more may still be needed.

The New Daily

Political point scoring over latest RBA rate rise won’t help those feeling the ‘painful squeeze’

How high must rates go to choke inflation? Blaming Labor’s budget, price-gouging businesses or the national wage increase isn’t an answer

The Guardian - AU

Why Reserve Bank Governor Philip Lowe wants to damage the economy further

Reserve Bank Governor Philip Lowe and his board have pushed up interest rates yet again – for the twelfth time in 14 months – because they want to damage the economy further.

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Afternoon Update: Greens and Coalition attack Labor after rate rise; strategic Ukraine dam destroyed; and a rare wolverine spotted

Political reactions came swiftly from all sides after the RBA raised the cash rate

The Guardian - AU

‘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

Watch: Folbigg freedom, RBA announcement

Watch: Kathleen Folbigg has spent her first night in 20 years out of prison after being pardoned for the murder and manslaughter of her four children

The New Daily

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

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

Official interest rates rise above 4 per cent as RBA hikes again

Interest rates climb above 4 per cent for the first time in more than 11 years, as the Reserve Bank moves aggressively to clamp down on inflation.

ABC News

Central bank going ‘rogue’, senator claims – as it happened

This blog is now closed.

The Guardian - AU

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The New Daily

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.

ABC News

Live: RBA lifts interest rates to 4.1 per cent, Apple shares reach record high, ASX trades lower as Baby Bunting downgrades profits

The Reserve Bank has increased the cash rate to 4.1 per cent at its June meeting, citing "persistent" and "ongoing" high inflation. It's the highest cash rate since April 2012. Follow live.

The Guardian - AU

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 New Daily

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.

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Newcastle Herald

The appeal of Newcastle's art gallery is more than a pretty building

It is disheartening the gallery may not reopen for 18 months.

The New Daily

‘Razor’s edge’: Duelling futures for mortgage bills as RBA mulls June interest rates hike

The RBA will decide this week whether to raise mortgage bills for millions of Australian families again, or deliver a June reprieve and pause interest

The New Daily

White-knuckle wait for Tuesday’s latest RBA interest rate decision

Another close interest rate call is looming for the Reserve Bank amid persistent inflation and stagnant productivity growth

The New Daily

Michael Pascoe: No, the wage case shouldn’t panic the RBA

The FWC doesn’t want to turn the current rate of wage increases into something that will scare Phil Lowe & Co.

Newcastle Herald

Home prices on the rise again, including regional Australia

Regional home prices are also going up in price.

ABC News

BHP admits to underpaying workers, US House votes to suspend debt ceiling, ASX finishes higher — as it happened

Mining giant BHP has admitted to underpaying nearly 30,000 employees since 2010, while the ASX has closed higher after the US House of Representatives votes to suspend the debt ceiling.

The New Daily

Alan Kohler: Why the RBA thinks if there must be a recession, there will be a recession

The implication of what Philip Lowe said is that unless productivity improves fast, there will have to be a recession.

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