Man found dead after statewide search – as it happened This blog is now closed. The Guardian - AU · Nov 22, 2023
RBA cash rate meetings to stretch over two days More changes to the way the Reserve Bank sets interest rates and communicates with the public have been unveiled in a speech by the central bank chief. AAP · Nov 22, 2023
Politics with Michelle Grattan: Greens Barbara Pocock on the quest for greater transparency Greens Senator Barbara Pocock – who has a background in economics and industrial relations and formerly worked at the Reserve Bank, in the federal public service and as an academic – has been in parliament only since the 2022 election, But she has already made a mark. The Conversation · Nov 22, 2023
Why further RBA interest rate hikes are less likely now than even 1 week ago Since Australia’s Reserve Bank hiked interest rates two weeks ago, there have been two important developments – one in the United States and the other in the United Kingdom. The Conversation · Nov 21, 2023
Australian shares higher despite hawkish RBA minutes The local share market finished 0.3 per cent higher, even as the Reserve Bank minutes opened the door for a potential December rate hike. AAP · Nov 21, 2023
The government just killed 50 infrastructure projects – what matters is whether it will fund them on merit from now on The federal government has just announced a list of projects to be abandoned as a result of an independent strategic review of its infrastructure investment program. The Conversation · Nov 16, 2023
Consumers, businesses still wary about the future Consumer confidence has taken a hit after another round of interest rate pain, with businesses also cautious about the outlook despite economic resilience. AAP · Nov 14, 2023
Robust wage print expected as one-off pay bumps hit Workers' wages have been growing strongly in a tight labour market, with new data set to show how quickly pay packets are expanding. AAP · Nov 12, 2023
RBA's inflation forecasts edge higher as risks abound Inflation is still expected to return to the Reserve Bank of Australia's target band by the end of 2025 but is proving to be more persistent than expected. AAP · Nov 9, 2023
The Reserve Bank’s 13th interest rate rise is tightening the squeeze. But a pre-Christmas shock looks unlikely RBA governor Michele Bullock’s debut rate rise as governor looks unlikely to be repeated next month The Guardian - AU · Nov 7, 2023
Afternoon Update: interest rates hit 12-year high; pro-Palestine protest at Melbourne Cup; and 18th-century love letters Reserve Bank lifts cash rate by 25 basis points to 4.35% The Guardian - AU · Nov 7, 2023
Australian central bank lifts benchmark cash rate to 4.35% with 13th hike Australia’s central bank has lifted its benchmark interest rate for the first time since June with a quarter percentage point hike that brought the cash rate to a 12-year high of 4.35% The Independent UK · Nov 7, 2023
Aust shares break winning streak as RBA lifts rates The ASX200 has finished down 0.3 per cent in its first losing day this month after the Reserve Bank raised interest rates for the first time in five meetings. AAP · Nov 7, 2023
Morning Mail: Albanese hails China visit, borrowers brace for rate hike, Trump on the stand The prime minister says meeting Xi Jinping will ‘take forward’ relations with Beijing; RBA tipped to pile agony on financially stretched households The Guardian - AU · Nov 6, 2023
AAP · Nov 6, 2023 Cup day rate hike extends finishing line for borrowers Mortgage-holders have been hit with another interest rate rise as the Reserve Bank intensifies its fight against inflation.
The Guardian - AU · Nov 5, 2023 If interest rates rise again, it may be because inflation fears lost their anchor to reality The issue of ‘consumer expectations’ of inflation is hotly debated by economists, and might be a key factor in the Reserve Bank’s decision
The Guardian - AU · Nov 1, 2023 An RBA rate rise next week is now an even-money bet – and figures reveal just how damaging it would be A rise would only add to the cost of necessities without reducing inflation, hitting households already struggling with a 70% increase in mortgage costs
The Conversation · Nov 1, 2023 Politics with Michelle Grattan: Economist Chris Richardson on a likely interest rate rise and the fall in living standards The International Monetary Fund (IMF) released a report this week calling on Australia to raise interest rates again, adding to the speculation the Reserve Bank will increase the cash rate on Tuesday.
The Guardian - AU · Nov 1, 2023 Afternoon Update: more interest rate rises likely; Victorian prison officers put spit hood on child; and WeWork to file for bankruptcy The Reserve Bank looks increasingly likely to lift the cash rate as the IMF found inflation remained ‘sticky’
The Conversation · Oct 31, 2023 Think the RBA will lift rates on Melbourne Cup day? Don't bet your house on it Each of Australia’s big four banks is now predicting a rate rise in six days’ time on Melbourne Cup Tuesday. It would add another A$77 to the monthly cost of servicing a $500,000 mortgage and be enough to take the total extra monthly impost since rates began climbing to more…
The Guardian - AU · Oct 30, 2023 Morning Mail: voters lose urgency on climate fight, Stan Grant tackles voice failure, Netanyahu rejects ceasefire Our latest Essential poll shows only one in three believe target can be met, while the Indigenous academic issues broadside over no vote
The Conversation · Oct 26, 2023 Grattan on Friday: Cost-of-living crisis is the dragon the government can't slay At a White House briefing early this week, Joe Biden’s press secretary, Karine Jean-Pierre, was asked whether there’d been any thought of postponing Anthony Albanese’s state visit because of the Middle East conflict.
AAP · Oct 25, 2023 RBA 'wary' more rate hikes needed to beat inflation The head of the Reserve Bank admits decision-makers "don't know if the job is done yet" when it comes to interest rate tightening to combat inflation.
The Guardian - AU · Oct 25, 2023 A Melbourne Cup Day rate rise would not be tough on inflation, it would just be cruel Australians are already getting hit by higher costs for necessities, reducing their ability to save and spend money on non-essential goods and services
The Guardian - AU · Oct 25, 2023 Grim end to year predicted for Labor with high chance of at least two more interest rate rises Strong quarterly inflation figures sends market scrambling as odds on for interest rate hike at Reserve Bank’s Melbourne Cup Day meeting