RBA outlines gloomier outlook for economy The Reserve Bank of Australia sees inflation peaking higher, slower growth and a higher jobless rate as economic challenges intensify. AAP · Nov 4, 2022
Reserve Bank predicts inflation to peak at 8% – the highest rate since 1990 Interest rates will likely continue to rise to subdue inflation, bank’s quarterly statement says The Guardian - AU · Nov 4, 2022
Reserve Bank warns Australians to brace for tough years ahead to get inflation under control The Reserve Bank expects a couple of tough years for Australians, with real wages continuing to fall as inflation persists, economic growth slows and unemployment starts to rise. ABC News · Nov 4, 2022
Now that Australia’s house prices are falling, does the RBA really need to raise rates yet again? The Reserve Bank is still on its quest to kill inflation, but what exactly still needs to be put to the sword? The Guardian - AU · Nov 2, 2022
Anthony Albanese defends decision for no 'cash splash' in budget Prime Minister Anthony Albanese says a budget cash handout would have been "cheap politics and hugely expensive economics". ABC News · Nov 2, 2022
Interest rates have gone up again, pushing some Australian mortgage borrowers beyond their 'stress test' limits The latest rate hike by the Reserve Bank of Australia means mortgage borrowers have been pushed to the limits — and beyond — of their "stress test" buffer. ABC News · Nov 2, 2022
Big banks begin passing on rate rises Mortgage holders are bracing for higher repayments in the wake of another 25 basis point rate hike by the Reserve Bank of Australia. Newcastle Herald · Nov 1, 2022
Blunt instrument of interest rates targets inflation but hits borrowers and jobs Editorial: Interest rates the hammer and the nail Newcastle Herald · Nov 1, 2022
Morning Mail: RBA rate warning, thousands miss power bill rebates, four-day work week trial In today’s newsletter: more than a third of households could be losing out on crucial cost-of-living relief; Unilever staff to trial shorter week; and why the BMI index might be bad for you The Guardian - AU · Nov 1, 2022
Michael Pascoe: Innocent victims of the great inflation conundrum The Economics 101 picture the Reserve Bank paints of inflation fighting doesn’t tell anywhere near the full story. The New Daily · Nov 1, 2022
Why the focus on energy prices? Inflation is more likely to be driven by surging housing, transport and food costs Increases in electricity and gas prices are less to blame for the cost-of-living squeeze than many other components. Here’s why The Guardian - AU · Nov 1, 2022
‘A lot of uncertainty’: RBA warning on rate hikes as inflation soars and jobs set to fall Australia's inflation problem is going to get worse and last longer than it was previously feared, new RBA forecasts suggest. The New Daily · Nov 1, 2022
RBA boss does not rule out bigger interest rate rises if inflation stays hot over summer Borrowers are being left on tenterhooks over summer, with the RBA boss warning the bank is prepared to hike rates aggressively again in the new year if it needs to. ABC News · Nov 1, 2022
Interest rates to keep rising as RBA warns it will do ‘what is necessary’ to curb inflation Reserve Bank governor Philip Lowe says half percentage point increases to cash rate possible if economic conditions do not improve The Guardian - AU · Nov 1, 2022
AAP · Nov 1, 2022 RBA sees the pain but says rates must rise Reserve Bank of Australia Governor Philip Lowe has underlined his case for raising interest rates, warning that not doing so could have dire consequences.
The Guardian - AU · Nov 1, 2022 Reserve Bank ‘consulting’ with government on whether King Charles should be on $5 note RBA governor Philip Lowe says ‘monarch has been on at least one banknote since 1923’ but decision won’t be made until talks with Labor are complete
ABC News · Nov 1, 2022 The Loop: RBA raises cash rate again, Musk to become Twitter chief executive, Gold Trip wins Melbourne Cup Get up to speed on today's headlines with The Loop.
The Guardian - AU · Nov 1, 2022 Afternoon Update: More rate pain for borrowers; Gold Trip wins Melbourne Cup; and China unhappy with B-52 plan The Reserve Bank makes its inevitable inflation response. And most Australians don’t care about the cup
The Conversation · Nov 1, 2022 Why has the RBA raised interest rates for a record 7th straight month? High inflation – and worse is on the way Pushing up interest rates isn’t something the Reserve Bank does lightly.
Newcastle Herald · Nov 1, 2022 Mortgage stress on horizon after RBA cash rate hits 2.85 per cent The Reserve Bank lifted the cash rate a further 25 basis points to 2.85 per cent.
The Guardian - AU · Nov 1, 2022 Australian borrowers hit again as RBA raises interest rates by 25 basis points to 2.85% Reserve Bank raises rates for seventh time in attempt to bring inflation under control
The New Daily · Nov 1, 2022 Interest rates rise to nine-year high as RBA hikes for seventh straight month The RBA has unveiled its seventh hike in interest rates since May as it battles rising inflation, lifting its target 0.25 percentage points.
ABC News · Nov 1, 2022 Interest rate updates: RBA lifts cash rate by 0.25 of a percentage point to nine-year high of 2.85pc, NAB first to pass on — as it happened The Reserve Bank lifted interest rates for the seventh month in a row, taking the cash rate to 2.85 per cent — as it happened.
The New Daily · Nov 1, 2022 Banknote demand rising as Aussies hoard cash Demand for banknotes is rising as more Australians keep cash on hand for "precautionary" reasons rather than in the bank.
AAP · Nov 1, 2022 Banknote demand rising as more hoard cash More Australians holding on to high-denomination banknotes because they apparently want to keep cash close to hand, according to central bank data.