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The Latest Breaking News from RBA

Shock interest rate rise shows Australia’s economic exceptionalism is fading

RBA’s decision is, in the words of one economist, ‘a radical revision’. Could this turn a plateauing of property prices into a rout?

The Guardian - AU

Commonwealth Bank, ANZ, Westpac, NAB to raise variable mortgage rates by 0.25 per cent after RBA rate hike

All of Australia's biggest banks have lifted mortgage rates, matching the Reserve Bank's 25-basis-point increase.

ABC News

RBA Governor Philip Lowe is hiking interest rates. Worst case, it'll mean an extra $600 per month on a $500,000 mortgage

Reserve Bank Governor Philip Lowe has announced he will lift the cash rate for the first time in a decade, by 0.25 percentage points, taking it from 0.10% to 0.35%.

The Conversation

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Paying off a mortgage? Here’s how the RBA interest rate rise will affect your repayments

Rise to 0.35% increases median monthly home loan repayment by up to $118, but rates predicted to reach 2% in a year’s time

The Guardian - AU

Interest Rates Just Rose So What Does This Mean For Your Money, Rent & ‘Ability’ To Buy A Home?

The interest rate in Australia just rose for the first time in a decade. What does this mean for cost of living, rent and first home buyers?

Pedestrian.tv

Why the RBA should go easy on interest rate hikes: inflation may already be retreating and going too hard risks a recession

One of the stranger things about the Reserve Bank’s announcement of why it’s lifting interest rates by 0.25 percentage points is that it suggests inflation will come down by itself.

The Conversation

Australia hikes interest rates in potential election shakeup

Reserve Bank of Australia’s move means millions of Australians face higher repayments on their home loans.

Al Jazeera

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Perm and Greater Bank mull RBA rates rise

The RBA has raised the official cash rate by 25 points to 0.35 per cent

Newcastle Herald

Reserve Bank interest rates: RBA lifts official cash rate to 0.35% in first rise since 2010

Central bank raises rate by 0.25 percentage points in a move that will stoke cost-of-living debate ahead of federal election

The Guardian - AU

RBA lifts cash rate, warns of more to come

The Reserve Bank of Australia board has raised the cash rate by 0.25 percentage points to 0.35 per cent following its monthly board meeting.

AAP

Possible Australian rate hike puts cost of living in focus in election campaign

Australia's ruling coalition is bracing for a possible rise in interest rates on Tuesday right in the middle of a national election campaign that could further increase living costs and hamper Prime Minister Scott Morrison's re-election efforts.

Reuters

ANZ and CBA to raise after central bank decision – as it happened

This blog is now closed

The Guardian - AU

ASX loses ground as RBA makes first interest rate rise in 11 years to curb inflation; Aussie dollar surges

The ASX loses ground as the Reserve Bank raises interest rates to curb surging inflation, while US stocks end higher after a volatile trading session, and billionaire Mike Cannon-Brookes becomes the biggest investor in AGL to block its plan to split its business.

ABC News

Morning mail: voters unmoved by election promises, RBA to decide on rate rise, female facial hair

Tuesday: Labor leads in polls but both parties struggle to engage voters. Plus: what happens when female facial hair is made visible?

The Guardian - AU

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ABC News

The Loop: Civilian evacuation from Mariupol 'very fragile', RBA's cash rate decision looming, Met Gala red carpet rolled out

Keeping you in The Loop with a quick wrap-up of today's headlines.

AAP

Rate hikes needed to curb inflation: RBA

Reserve Bank governor Philip Lowe has warned that without increases in interest rates, inflation will be a lot higher than present.

The Guardian - AU

Interest rate rise: who makes the high-stakes decision and how does it get made?

The RBA is considering raising the official cash rate for the first time since 2010 and the outcome will have big ramifications for the federal election

ABC News

The Loop: Scott Morrison says cash rate change 'not about me', Qantas goes long haul, PM weighs in on 'raw' chicken, and taming electricity 'vampires'

Here's your quick wrap up of today's news.

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news in one place.

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The Guardian - AU

Will the RBA lift the cash rate this week to counter inflation – or wait until after the election?

Analysis: The Reserve Bank of Australia finds itself in a strategic and political bind. Credibility is at stake

AAP

Job advertising shows small fall in April

Job advertising eased by 0.5 per cent in April, but was still 26.3 per cent higher than a year earlier and pointing to strong employment gains ahead.

Pedestrian.tv

Labor Says It’ll Cop 40% Of First Home Costs So You Can Have A Backyard For Ur 23938 Doggos

Please, anything to get us out of this boomer-dominated hellscape.

AAP

'You may not like me, but you know me': PM

Scott Morrison tells party faithful they at least know his government's plan for Australia's future even if they don't like him or all that he's done.

The Conversation

Clive Palmer's promise to cap mortgage rates at 3% would make it much harder to get a home loan

Clive Palmer’s United Australia Party continues to make waves in the federal election campaign, most recently with advertisements on massive billboards pledging a “maximum 3% interest rate on all home loans for five years”. But does this promise stack up?

The Guardian - AU

Interest rates are set to start rising. What does that mean for mortgage holders and homebuyers?

The RBA could hike rates as early as May. Will borrowers race towards fixed-rate home loans?

ABC News

The Loop: An underworld murder, Targa crash victim named, and why the RBA will raise interest rates

Here's your TL;DR for today's news.

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