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The Latest Breaking News from RBA

Australia’s unemployment rate remains at 3.4% in November as 64,000 new jobs added

National jobless rate remains at near 50-year low as rebounding economy faces labor shortages from lack of migration

The Guardian - AU

Alan Kohler: Three broken promises define 2022

Thanks to our unaffordable housing, Philip Lowe might not end up with a recession on his conscious, only the legacy of broken promises.

The New Daily

Give yourself the gift of a higher savings rate this Christmas

Millions of Australian home owners are being squeezed but that also means that the savings rate being offered by banks is going up.

The New Daily

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read the most diverse news in one place.

RBA boss to stay on if reappointed

Reserve Bank of Australia governor Philip Lowe says he has no plans to resign when his term is up next September.

AAP

Government takes aim at high payment fees

The federal government and the central bank want to foster competition in payment technologies to help drive down the cost of transactions.

AAP

Experts want stage three tax cuts revised

More than 100 economists and tax experts have signed an open letter urging Prime Minister Anthony Albanese to reconsider the stage three tax cuts.

AAP

Property prices: The best, worst and most affordable suburbs heading into 2023

Australia’s housing market downturn has slowed in the run up to Christmas, but experts are divided about whether property prices will fall.

The New Daily

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Best home auction weekend since late May

The number of homes going under the hammer this weekend is up seven per cent and could prove a test of buyers' appetite for risk after this week's rate rise.

AAP

CoreLogic report reveals region's rate rise sticker shock

Homeowners in Newcastle and Lake Macquarie could see their mortgage repayments increase by $1,192 a month when it comes time to refinance in 2023.

Newcastle Herald

Reserve Bank review ‘will be relevant’ to Philip Lowe’s chances of a second term, Chalmers says

Treasurer says it is not a ‘performance review’ but will ‘feed into our thinking’ about RBA leadership

The Guardian - AU

Decision on RBA's top job due next year

The treasurer will consider the best possible leadership structure for the central bank when weighing up the reappointment of governor Philip Lowe next year.

AAP

RBA maintains 'open mind' on digital money

Australians value hard cash and have easy access to it, but digital money could be a back-up during cyber events and when extreme weather hits banking systems.

AAP

Long-term job seekers still missing out

The jobs market might be tight but with a shrinking pool of entry-level vacancies, the long-term unemployed are still struggling to find work.

AAP

The RBA keeps slamming on the brakes, but the economy has already very much slowed down

GDP figures show wages and not just profits are starting to generate growth. Still, disposable income is going backwards

The Guardian - AU

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The New Daily

‘Mighty’ shoppers drive the economy as millions splurge before Christmas

The strength of consumers spending right now has many economists scratching their heads ahead of Christmas but a "reckoning" looms.

The Guardian - AU

The RBA has raised interest rates again. What does this mean for the economy in 2023?

Economists respond to the decision by the Reserve Bank to raise interest rates by 25 basis points to the highest level since the end of 2012

The New Daily

Watch: Uber fined, US boost troop rotations to Australia, Mortgage misery

Watch: Uber has been fined $21 million for misleading customers. John Barilaro's assault case returns to court. Australia and US agree to deepen their

The Guardian - AU

Chinese ambassador hails ‘very successful’ meeting – as it happened

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The New Daily

Michael Pascoe: RBA on the precipice of its second big mistake

The RBA needs to chill to find out what it has actually done, Michael Pascoe writes.

The New Daily

All eyes on Christmas as Reserve Bank mulls even higher interest rates in 2023

RBA Governor Philip Lowe unveiled an eighth interest rates hike at the bank's final meeting of 2022 on Tuesday.

The Guardian - AU

Afternoon Update: RBA rate hike; Kirstie Alley dies; and a heatwave for northern Australia

Central bank warns of more rises to come after raising cash rate to 3.1%

The Conversation

This latest increase in RBA interest rates might well be the last, for some time

You might not know it from reading Tuesday’s statement announcing Australia’s eighth consecutive increase in interest rates, but our Reserve Bank might finally have done enough.

The New Daily

‘Harsh and heavy’: Rates hiked again as RBA ends 2022 with eighth straight squeeze

The Reserve Bank has raised interest rates for the eighth month in a row, lifting its target by 0.25 percentage points.

The Guardian - AU

RBA interest rates: Reserve Bank raises official cash rate to 3.1%, the eighth increase in as many months

More pain for borrowers with interest rates to rise again after central bank lifts cash rate 25 basis points to the highest level since the end of 2012

The New Daily

Interest rates rise to decade high as RBA delivers Christmas pain

The Reserve Bank has raised interest rates for the eighth month in a row, lifting its target by 0.25 percentage points.

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