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The Latest Breaking News from RBA

Latest interest rate rise hits borrowers and further damages Reserve Bank's reputation

RBA delivers more pain to borrowers

Newcastle Herald

How the latest RBA interest rate rise will impact WA, the most mortgaged state in Australia

Data shows WA is the most mortgaged state in the country and has the largest gap between wage growth and inflation, but comparatively low house prices continue to shield sandgropers from further pain as interest rates rise yet again.

ABC News

Economists predict slowdown for Australian economy as interest rates continue to rise

Soaring commodity exports and positive agricultural forecast expected to be balanced by Reserve Bank’s moves to counter inflation

The Guardian - AU

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RBA raises rates for a record fifth month, but many are yet to feel mortgage pain

Households will be hit with another hike in their mortgage bills after the RBA increased interest rate for a record fifth month in a row.

The New Daily

The Loop: The Reserve Bank lifts rates, a record AFL deal, mixed reviews for Don't Worry Darling, and have The Veronicas split?

Get up to speed on today's headlines with The Loop.

ABC News

Newcastle homeowners feel the pinch after latest rate rise

The official interest rate jumped 0.5 per cent bringing it to 2.35 per cent and at a seven-year high on Tuesday.

Newcastle Herald

RBA interest rates: Reserve Bank raises official rate to 2.35% amid inflation fears

The RBA decision brings the cash rate to the highest level since 2015, with mortgage holders set to face higher repayments

The Guardian - AU

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Reserve Bank hikes interest rates to seven-year high

The Reserve Bank has lifted the official cash rate by another 0.5 basis points, to take official rates to a seven-year high.

The New Daily

RBA hikes rates, says more on the way

The Reserve Bank has lifted Australia's official cash rate by 50 basis points to 2.35 per cent in the latest of a string of hikes.

AAP

Interest rate updates: RBA increases cash rate for fifth month in a row — as it happened

The Reserve Bank lifts interest rates for the fifth month in a row, taking the cash rate to 2.35 per cent, a seven-year high. Look back on Tuesday's developments.

ABC News

McKim calls for Lowe to stand down – as it happened

This blog is now closed

The Guardian - AU

Australian shares drop as the Reserve Bank hikes rates again

It started off optimistically, but the ASX 200 lost ground on Tuesday as the market was hit by another rate hike.

ABC News

The Loop: One suspect in Canadian stabbing murders found dead, Frances Tiafoe knocks Nadal out of US Open, Tracy Grimshaw to leave A Current Affair

What Australia is searching for and all the news that happened while you snoozed: This is The Loop, your quick catch-up for this morning's stories.

ABC News

CBA warns of mortgage lags as Reserve Bank set for another super size interest rate rise

The Commonwealth Bank is warning of the risk a three-month mortgage lag poses to the economy if the Reserve Bank keeps raising interest rates aggressively.

ABC News

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AAP

RBA flags end of big-hit cash rate rises

The Reserve Bank of Australia board has lifted rates again, with economists expecting more moderate rate hikes to follow.

The Guardian - AU

Climbing interest rates yet to bite most Australian mortgage holders, economists say

As the RBA meets to consider the cash rate, analysts warn the impact of previous rises is yet to be felt fully

The New Daily

Market Wrap: Banks around the world set to raise rates as inflation soars

All eyes will be on central banks this week as markets braces for the fallout of hefty rate-rise announcements around the globe - including Australia.

ABC News

If there's a double interest rate rise this week, more borrowers become 'mortgage prisoners'

As banks impose tougher lending standards and interest rate hikes drive property prices down, more Australians who borrowed at the height of the pandemic housing boom will find themselves in a mortgage trap, unable to refinance.

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news in one place.

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The Guardian - AU

Former Reserve Bank economist suggests Greens push for interest rate freeze is nonsensical

Greens senator Nick McKim says homeowners took on massive debt believing rates wouldn’t rise before 2024 and are now getting ‘smashed’

The New Daily

Michael Pascoe: Employees may be paying the price for being ‘meek’ and ‘loyal’

Employees are increasingly switching jobs to boost there wages. There is another option that could help get you a pay rise.

The Guardian - AU

Australians abandon buying first home as loan costs outweigh property price drops

Reserve Bank is expected to again lift the cash rate, extending the most rapid spate of rises since 1994

The New Daily

RBA’s search for inflation sweet spot tipped to raise interest rates to 2.35 per cent

Households are staring down yet another mortgage bill hike next week, with the Reserve Bank set to pass through its fifth interest rate hike in a row.

The Guardian - AU

The stage three tax cuts are a pile of garbage, and everybody knows it

Anthony Albanese could learn a thing or two from Bob Hawke, who walked back tax cuts promised ahead of the 1983 election

The New Daily

Market wrap: Australian house prices to fall further as earnings season enters home stretch

Woodside, Link Administration and St Barbara will report their June-half earnings this week. Meanwhile, house prices are set for further falls.

The New Daily

Alan Kohler: Business is on a hiding to nothing at the jobs summit

Australia’s businesses and their leaders will show up at this week’s Jobs and Skills Summit with one thing in mind – give us more workers.

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