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The Latest Breaking News from RBA

Reserve Bank acknowledges its rapid rate hikes could force some people to sell their homes

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.

ABC News

One-quarter of homeowners could be spending 30% of their income on loans by late-2023, RBA says

Reserve Bank warns households with high debt relative to income are ‘particularly vulnerable to shocks’

The Guardian - AU

New roundtable to boost housing investment

The Albanese government will explore opportunities to co-invest in housing projects alongside private investors.

AAP

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Risk Optus breach can weaken banks: RBA

The Reserve Bank of Australia is warning that large-scale data breaches and cyberattacks could destabilise financial institutions.

AAP

Yes, the heat is coming off the housing market. But it wasn’t just on fire last year - it was burning uncontrolled

We have an economy where even a slight fall in prices will do little to repair the damage of the past two years

The Guardian - AU

Which banks are passing on the interest rates to borrowers? What about savers?

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.

ABC News

ASX jumps as New Zealand lifts interest rates to seven-year high, Elon Musk to buy Twitter for $67b

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.

ABC News

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The Aussie dollar is dropping against the US currency, but it’s not all bad news

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.

ABC News

As Reserve Bank lifts interest rates again, more households seek relief from Foodbank

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.

ABC News

RBA decision risks higher cash rate peak

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

AAP

Reserve Bank’s dovish interest rate rise gives Jim Chalmers more cause to grin than grimace

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

The Guardian - AU

RBA ‘near the summit’ in quest to curb inflation, as Governor Lowe warns of further rate rises

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

The New Daily

Australia breaks with global trend, slows interest rate hikes

Reserve Bank of Australia lifts key rate by 0.25 percentage point in nod to uncertain global economic outlook.

Al Jazeera

The Loop: The RBA hikes the cash rate, North Korea's latest missile launch, and the surprising culprit behind a British train delay

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

ABC News

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The Canberra Times

Rate pain will add more scrutiny to Labor's economic management

The sixth consecutive rate rise may impinge on Labor's budget plans.

The New Daily

Interest rates rise slower as RBA inflation battle enters new phase

The RBA took its foot off the accelerator approving a smaller interest rates rise as the battle to curb inflation enters a new phase.

The Guardian - AU

Interest rates rise again as Reserve Bank lifts cash rate to 2.6%

RBA on Tuesday raised its cash rate 25 basis points as it seeks to stifle inflation

The New Daily

Mortgage bills to soar again as RBA unveils record-breaking sixth interest rate hike in a row

The RBA approved a record breaking sixth interest rate rise in a row on Tuesday, lifting its target cash rate 0.25 percentage points.

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ABC News

Interest rate updates: Reserve Bank lifts cash rate by 0.25 of a percentage point — as it happened

The treasurer says inflation will "get worse before it gets better" as the RBA announces a sixth consecutive monthly rise — as it happened.

Newcastle Herald

RBA announces sixth consecutive rate hike

The cash rate is now at a nine-year high of 2.6 per cent.

ABC News

Donald Trump sues CNN claiming defamation, RBA to raise rates again, and Ringo Starr cancels concerts — as it happened

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

The Guardian - AU

Morning mail: Queensland police failure in assault case, UK U-turn on tax cuts for well-off, ID scam fears

Tuesday: Queensland and NSW police lost key documents and failed to investigate a series of alleged sexual assaults against a 14-year-old girl. Plus: the must-read books for October

The New Daily

Paul Bongiorno: Time overdue for a conversation about our welfare state

The penny is dropping even in the citadels of western capitalism that trickle-down economics is no longer fit for purpose – if it ever was.

ABC News

Here's what was happening in Australia the last time the cash rate rose this quickly

The rapid increase in interest rates feels all too sudden for borrowers, but it's not the first time this has happened. Here's how events played out almost 30 years ago.

ABC News

Reserve Bank set for another double-sized interest rate rise as borrowers brace for pain

The average mortgage borrower will be paying $760 a month more than they were just five months ago, if the Reserve Bank hikes interest rates as expected today, with existing borrowers slugged harder than newer customers.

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