Sydney trains delayed due to ‘communication issue’ – as it happened This blog is now closed. The Guardian - AU · Mar 7, 2023
Michael Pascoe: Household income crash worse than ’90s recession The RBA has engineered a bigger crash in Australians’ real disposable income than they suffered in the 1990s recession The New Daily · Mar 7, 2023
Reserve Bank closer to hitting pause on rate hikes After delivering 10 interest rate rises in a row, the Reserve Bank could put further increases on hold to gauge the impact on soaring inflation. AAP · Mar 7, 2023
Philip Lowe leaves clues his rate-rising work may be done – bar an Easter finale The RBA governor has ditched his hawkish tone and the odds now seem to favour just one more rise, probably in April – but that could change The Guardian - AU · Mar 7, 2023
How many more interest rate hikes? RBA boss Philip Lowe gives clues Home owners will be slugged with another mortgage bill squeeze after the Reserve Bank raised its interest rates for the 10th time in a row. The New Daily · Mar 7, 2023
Afternoon Update: critics warn RBA risks ‘overshooting’ on rate hikes; Sally Rugg’s court loss; and Sphinx-like statue found in Egypt Australians with a mortgage have been hit with a record 10 consecutive interest rate rises as the Reserve Bank lifted the cash rate to 3.6% The Guardian - AU · Mar 7, 2023
Why RBA interest rate hikes could end by September – but brace for at least one more Tuesday’s tenth successive Reserve Bank interest rate hike is the culmination of a process that has added $1,080 to the monthly cost of payments on a $600,000 variable mortgage. The Conversation · Mar 7, 2023
‘Inflation has peaked’: RBA hikes interest rates again and signals more as economy slows The Reserve Bank has raised interest rates for the 10th straight meeting in a row and continues to flag more hikes in a bid to curb inflation. The New Daily · Mar 7, 2023
RBA fires off another rate hike to tackle inflation The Reserve Bank of Australia has lifted interest rates for the 10th month in a row in its unwavering fight against high inflation. AAP · Mar 7, 2023
RBA interest rates: Reserve Bank increases official cash rate to 3.6% in record 10th consecutive rise Interest rates at highest level since mid-2012 as central bank continues to try to drive down inflation The Guardian - AU · Mar 7, 2023
Reserve Bank hikes interest rates at 10th straight meeting The Reserve Bank has raised its interest rates target another 0.25 percentage points in March and has signalled even further hikes. The New Daily · Mar 7, 2023
Reserve Bank of Australia raises interest rates to 11-year high, opens the door to a pause The Reserve Bank of Australia (RBA) raises interest rates for the 10th consecutive meeting, taking the cash rate target to 3.6 per cent. ABC News · Mar 7, 2023
Asia's very complicated pause in interest rates Interest-rate pauses aren't exactly in trouble, but things are beginning to look awkward for officials eyeing a decent break. World growth isn't falling off a cliff and inflation has failed to ease up quite as expected in some big economies. The more fortitude the expansion shows, the greater the risk… Bangkok Post · Mar 6, 2023
Another rate hike expected to fight stubborn inflation The Reserve Bank is tipped to hike interest rates for the 10th time in succession and inflict further pain on already-stretched Australian households. The The New Daily · Mar 6, 2023
The Conversation · Mar 6, 2023 Underlying Australia's inflation problem is a historic shift of income from workers to corporate profits The three years since the onset of the pandemic have witnessed a dramatic redistribution of national income, away from labour compensation and towards business profits.
ABC News · Mar 6, 2023 The Reserve Bank is tipped to raise interest rates again, even as some families struggle to meet higher home loan repayments Australia's major banks expect the Reserve Bank will lift the cash rate to its highest level since May 2012 later today, but thousands of families like Le Tran's are already having to make sacrifices to make ends meet.
Newcastle Herald · Mar 6, 2023 Beating heart of a city, but Newcastle's CBD is hard to find Our council believes that the CBD is emerging as Newcastle West, and this store believes Cooks Hill qualifies. I reckon most Novocastrians still think it's uptown, where it always was. Can anyone enlighten me?
AAP · Mar 6, 2023 Australia returns trade surplus of $11.6 billion Australia has reported another trade surplus ahead of the RBA's March cash rate decision, which is broadly expected to result in another hike.
The Guardian - AU · Mar 6, 2023 Interest rate rises: is there a less painful way to curb inflation? The Reserve Bank of Australia’s monetary policy has been criticised as unfair and ‘too blunt’. But what are the alternatives?
Newcastle Herald · Mar 6, 2023 Newcastle and Lake Macquarie on 'mortgage cliff' as owners brace for latest rate hike The RBA lifted the cash rate to 3.60 per cent.
The New Daily · Mar 6, 2023 Pressure on Labor over tax cuts, amid broad support for super hikes Pressure is mounting on the federal government over tax cuts, amid support for super changes and ahead of another interest rate rise.
AAP · Mar 6, 2023 Mortgage holders brace for more interest rate pain The Reserve Bank is expected to hike interest rates again this week and turn up the heat on already stretched household finances.
The New Daily · Mar 5, 2023 ‘Incredibly difficult’: RBA prepares 10th straight rate hike, despite slowing economy Struggling home owners face more bad news this week as the Reserve Bank prepares yet another hike in interest rates.
The New Daily · Mar 4, 2023 RBA poised to turn the screws on mortgage holders with a tenth rate hike Already feeling the pain after nine interest-rate rises, mortgage holders are almost certain to come under even more pressure this week
AAP · Mar 4, 2023 Reserve Bank's cash rate decision to dominate agenda The Reserve Bank of Australia's March cash rate decision and a speech from the governor Philip Lowe will be the highlights of this week's economic news.