The Latest Breaking News from RBA

With the RBA boosting interest rates another 0.25 per cent on Tuesday and the cash rate now sitting at 2.6 per cent many home buyers fearful

Australia's Reserve Bank says its rapid interest rate rises could see some mortgage owners fall into arrears, and some even having to sell their homes.

The major lenders were quick to pass on the interest rate rise to mortgage holders, but only certain savers will see the benefits of the Reserve Bank of Australia's latest hike.

New Zealand lifts interest rates by another 0.5 percentage points, Australian shares follow Wall Street sharply higher as investors bet central banks will slow down their pace of interest rate hikes, and Elon Musk revives deal to buy Twitter at original price ahead of courtroom showdown.

A higher US dollar isn't great news for global trade, but some Australian businesses are able to benefit and travellers have reason to smile as well.

The Reserve Bank of Australia is still prepared to keep lifting interest rates, even as more households struggle financially, with many now seeking food relief.

The central bank has shifted gears and moderated its rate hikes, with some economists concerned this could prolong the rate hiking cycle.

The treasurer was used to empathising with borrowers after the RBA’s ‘supersized’ rises – instead, he got to talk about the budget

The Reserve Bank is "near the summit" in its uphill battle to curb the fastest rate of inflation in a generation, economists say.