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The Latest Breaking News from RBA

Cost-of-living pressures rise as wages growth fails to keep up with inflation, tempering rate hike talk

Australians' cost of living pressures are rising after wage growth failed to keep pace with inflation, tempering interest rate hike predictions.

The New Daily

Wage data likely to fuel rate rise talk

Wage growth data on Wednesday is likely to fuel talk of an interest rate rise by the Reserve Bank of Australia this year.

AAP

Michael Pascoe: Be careful what you wish for to cure inflation

Nascent higher inflation is supposed to be entirely the RBA’s fault, so it will be easily solved by boosting interest rates and we’ll all be better off.

The New Daily

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Minister asked why refugees still stuck in Park hotel if not security risks – as it happened

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The Guardian - AU

Budget cuts could risk recovery: Treasury

Treasury secretary Steven Kennedy says the Australian economy has proved resilient in the face of disruptions caused by the COVID-19 Omicron variant.

AAP

Speculation on Tudge’s future; integrity commission plans shelved – as it happened

This blog is now closed

The Guardian - AU

CBA predicts RBA cash rate rise in June

Commonwealth Bank now expects the Reserve Bank will start lifting the cash rate in June, predicting a big jump in inflation in the March quarter.

AAP

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Alan Kohler: The Reserve Bank is fiddling while inflation burns

The Reserve Bank is in danger of getting left behind by inflation, which means we’re all in danger of getting left behind by galloping interest rates.

The New Daily

Home owners have built big buffers: RBA

Reserve Bank of Australia governor Philip Lowe says home owners have built "big buffers" when it comes to paying the mortgage.

AAP

ASX loses 1pc, RBA signals possible 2022 rate hike, US inflation hits 40-year high

Local shares close lower on Friday, amid concerns about an early rate hike. Meanwhile, Gladys Berejiklian will join Optus.

ABC News

Victoria’s ‘code brown’ to end; WA records second Covid death – as it happened

This blog is now closed

The Guardian - AU

Michael Pascoe: Guess what? The RBA does not run the economy

You could be forgiven for thinking the only thing that matters for growing the economy is what the RBA board eats on the first Tuesday of the month.

The New Daily

RBA boss says risk if rates rise too soon

Reserve Bank governor Philip Lowe has warned federal politicians that raising the cash rate too soon could put expected lower unemployment at risk

AAP

Why there's no magic jobless rate to increase Australians' wages

With the official unemployment rate now 4.2% – the lowest since 2008 – Prime Minister Scott Morrison has predicted a rate “with a 3 in front of it this year”. The Reserve Bank of Australia agrees, forecasting unemployment below 4% in coming months.

The Conversation

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AAP

Many consumers expect rate rise this year

The Westpac-Melbourne Institute consumer sentiment survey found 66 per cent of respondents expect an interest rate rise this year.

The Guardian - AU

‘We just get nothing’: why Australia’s falling jobless rate isn’t translating into higher pay

The idea wages are set by demand and supply and productivity is ‘bankrupt’. They are determined by power, experts say

The Guardian - AU

Why the price of a Big Mac tells us the Australian dollar is undervalued – and most economists agree

Many analysts think the Aussie dollar should be 20% stronger. If so, those on variable mortgage rates might have cause to celebrate – perhaps with an overseas holiday

Newcastle Herald

Borrowers could face $800 shock

Analysis of rate forecasts shows the average mortgage holder could be forced to pay hundreds of additional dollars in interest payments.

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The New Daily

Five ways home owners can prepare for the first interest rate rise in more than a decade

Millions of Australian home owners are staring at a steep rise in their mortgage bills as the RBA brings an end to record-low interest rates.

The Guardian - AU

Eighty-four coronavirus deaths recorded; Morrison backs slow reopening for WA – as it happened

This blog is now closed

The Conversation

Vital Signs: What's wrong with Australian mortgages? They're fixed for shareholders, not home owners

If you’re paying off a mortgage – or aspiring to – imagine if you didn’t have to worry so much about rising interest rates.

AAP

Rate hike in 2022, despite patient RBA

Economists expect the Reserve Bank will raise the cash rate this year, despite the central bank's latest forecasts suggesting it will hold off until mid-2023.

The New Daily

‘Nothing we can do’: The RBA says it is not to blame for soaring house prices. So who is?

Ask Reserve Bank governor Philip Lowe why house prices are so high and you'll get a telling response. But you have to read in between the lines.

The New Daily

RBA’s dovish stance and Facebook’s meta bombs top this week’s big market events

Market wrap: US sharemarkets enjoyed their biggest four-day rally since November 2020, the RBA held firm on rates, and Facebook's value slumped this week.

The Guardian - AU

RBA’s ‘opaque’ approach to interest rates no consolation to those hardest hit by inflation

Philip Lowe may have the patience of a saint on interest rates, but he doesn’t have a mortgage to pay

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