Workers and their wages are the collateral damage of the war on inflation What a wonderful world we live in where a wage rise below inflation will apparently cause greater inflation! The Guardian - AU · Jun 15, 2022
The Loop: China's special 'military operations', the fruit and veges facing shortages, and BTS on hiatus? Here's your quick catch-up for this morning's news. ABC News · Jun 14, 2022
Rising rates send confidence reeling Consumer confidence has tumbled to multi-year lows in the face of sharply rising interest rates, but low paid workers may gain a lift from a large pay rise. AAP · Jun 14, 2022
Decisive rate rise was needed: RBA's Lowe Reserve Bank of Australia governor Philip Lowe has justified the decision to raise the cash rate by 50 basis points last week in the face of rising inflation. AAP · Jun 14, 2022
Reserve Bank governor Philip Lowe warns it is unclear how high interest rates will go Philip Lowe has warned Australians they need to be prepared for substantial interest rate rises over the rest of this year, conceding he is not sure how high they might go. ABC News · Jun 14, 2022
ASX plunge: Here's what's happening in the Australian share market and why we're talking about recession again There are fears we could be on the verge of another global recession and investors are spooked. ABC News · Jun 14, 2022
Confidence likely curbed by rates, prices A series of confidence readings for consumers and business are likely to have been undermined by the latest interest rate rise and escalating inflation. AAP · Jun 12, 2022
Australia's Reserve Bank has got a lot right, but there's still a case for an inquiry Treasurer Jim Chalmers is about to commission an independent review of the Reserve Bank of Australia. Refreshingly, his election promise was bipartisan – both sides of politics want it. The Conversation · Jun 9, 2022
Double-digit drops in capital city property prices likely after RBA rate hikes Borrowers may find themselves in a ‘mortgage prison’ but low jobless rate means most households should still be able to pay off their loan, experts say The Guardian - AU · Jun 9, 2022
The Perm passes on RBA rates rise in full The increased rates will apply to variable home loans and business loans Newcastle Herald · Jun 9, 2022
Will your bank pass on the rise? What about interest rates for savings accounts? Your interest rate questions answered Following the RBA's decision to raise the cash rate, many Australians have been left with more questions than answers. Here are your interest rate questions answered. ABC News · Jun 9, 2022
Alan Kohler: The two great stupidities behind our inflation Here’s a wild idea for economists to smile at condescendingly: How about the Reserve Bank stands back and lets this inflation episode run its course. The New Daily · Jun 8, 2022
Payroll jobs grow more slowly than 2021 The Australian Bureau of Statistics said payroll jobs grew by 0.2 per cent in the month to May, recovering after the impact of the Easter holiday in April. AAP · Jun 8, 2022
Why savers are unlikely to benefit much from the RBA rate hikes RBA governor Philip Lowe jacked up the cash rate by a surprise 50 basis points on Tuesday. But savers are unlikely to benefit much in the short term. The New Daily · Jun 8, 2022
ABC News · Jun 8, 2022 The Loop: High Court rules on citizenship, banks pass on rates rise, and why lettuce is so pricey Here's your TL;DR for today's news.
ABC News · Jun 7, 2022 The RBA interest rate rise will hit WA most, and it's not just mortgage loan holders who will hurt With the highest inflation rate in the nation, West Australia is expected to be hit especially hard by the interest rate hike, leaving many questioning how they're going to manage.
The New Daily · Jun 7, 2022 Michael Pascoe: The RBA is hunting down the bezzle Most of what is pushing up prices now won’t be affected by increasing interest rates – but higher rates will wound the bezzle.
AAP · Jun 7, 2022 Chalmers does not see risk of recession Treasurer Jim Chalmers says he is not worried about the Australian economy going into recession, but he acknowledges inflation poses a major challenge.
The Guardian - AU · Jun 7, 2022 First homebuyers will likely be hit hardest by Australia’s interest rate rises Analysts warn economic consequences of RBA’s ‘blunt instrument’ attempt to limit inflation will fall disproportionately on outer suburbs
The New Daily · Jun 7, 2022 ‘A taste of what’s to come’: Home owners slugged with second rate hike Home owners could see their monthly mortgage bills rise by hundreds of dollars in coming weeks after a second RBA rate hike in as many months.
ABC News · Jun 7, 2022 Commonwealth Bank, ANZ and NAB join Westpac to raise variable mortgage rates by half a percentage point The Commonwealth Bank, ANZ and NAB join Westpac in passing on the Reserve Bank's interest rate rise to mortgage borrowers in full.
The Guardian - AU · Jun 7, 2022 Treasurer warns of ‘severity and magnitude of inflation challenge’ after RBA hikes official interest rate Jim Chalmers responds to Reserve Bank decision to lift cash rate 50 basis points as Anthony Albanese declines to comment during Indonesia trip
The Guardian - UK · Jun 7, 2022 London’s economic recovery shows ‘levelling up’ struggles; stagflation fears rise – as it happened Rolling coverage of the latest economic and financial news
ABC News · Jun 7, 2022 A 'difficult' day for homeowners as Treasurer Jim Chalmers predicts more pain before inflation is brought under control Jim Chalmers says a rise in interest rates is "difficult news" for home owners and warns life in Australia is set to become even more expensive.
The Guardian - AU · Jun 7, 2022 Reserve Bank hikes official interest rate by 50 basis points to 0.85% to curb inflation Decision exceeded predictions from economists while Westpac was the first of the big banks to pass on the rise in full to customers