Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from Reserve Bank

RBI enhances e-mandate limit on cards for recurring payments to Rs 15,000

NEW DELHI: The Reserve Bank of India on Wednesday hiked the limit on the amount of recurring transactions that can be made sans additional factor authentication (such as OTP) via e-mandate to Rs 15,000 from Rs 5,000 currently.

The Times of India

RBI allows credit cards to be linked with UPI platform

MUMBAI: The Reserve Bank on Wednesday allowed credit cards to be linked with the unified payments interface (UPI), which will enable more people to make payments using the popular platform.

The Times of India

The Loop: Banks expected to lift interest rates, Socceroos win, and NASA to launch rockets from the NT

Get up to speed on today's headlines with The Loop.

ABC News

From analysis to the latest developments in health,
read the most diverse news in one place.

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.

AAP

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.

ABC News

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 - AU

The housing game has changed – interest rate hikes hurt more than before

The Reserve Bank has lifted the cash rate for the second time in two months, this time by 0.50 points to 0.85%.

The Conversation

Read news from The Economist, FT, and more,
with one subscription

Expect the RBA to go easy on interest rate hikes from now on – we can't afford rates to climb as steeply as the market expects

By lifting its cash rate by 0.5 points, from 0.35% to 0.85%, the Reserve Bank has added about another $120 per month in payments for a A$500,000 mortgage.

The Conversation

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

The Guardian - AU

Reserve Bank lifts interest rates by higher-than-expected half a percentage point, causing more pain for borrowers

The Reserve Bank increases interest rates by 50 basis points, taking the cash rate target to 0.85 per cent — well ahead of most economists' expectations.

ABC News

Reserve Bank hikes cash rate to 0.85 per cent

The Reserve Bank has lifted the cash rate from 0.35 per cent to 0.85 per cent in a bid to curb rising inflation. It is the second hike in as many months.

The New Daily

Interest rate decision: RBA raises official cash rate to 0.85 per cent amid soaring inflation — as it happened

The Reserve Bank announces a cash rate rise of half a percentage point. Look back at how the day unfolded in our live blog.

ABC News

Morning mail: Boris Johnson wins confidence vote, gas ‘trigger’ at the ready, RBA rate decision looms

Tuesday: Rising fuel, food and energy prices have people meticulously tracking their spending. Plus: the bike desk shows us why we can never relax

The Guardian - AU

Memo RBA: we ought to live with inflation, more of it

Later today, everyone expects the Reserve Bank board will push up its cash interest rate for the second consecutive month.

The Conversation

Get all your
news in one place.

100's of premium titles.
One news app.

The New Daily

‘Mortgage prison‘: Home owners facing budget squeeze as interest rates rise

Australians are being hit with a double whammy of rising mortgage costs and falling property prices as interest rates rise.

The Times of India

No proposal to replace face of Mahatma Gandhi on banknotes: RBI

MUMBAI: Dismissing reports, the Reserve Bank on Monday said there is no proposal to replace the face of Mahatma Gandhi with that of others on currency notes.

The Guardian - AU

Interest rates: RBA weighs up risk of ‘climb shock’ ahead of decision

Economists split on how much Reserve Bank will lift cash rate on Tuesday as it looks to rein in inflation

The Guardian - AU

Public sector pay to fall under NSW government wage cap, report finds

Exclusive: Union-commissioned study finds cap will see wages fall by thousands of dollars a year

Get all your
news in one place.

100's of premium titles.
One news app.

The Times of India

RBI to go for another 0.40% hike in rates at next week's policy review meet: Report

MUMBAI: The Reserve Bank is expected to go for another rate hike of 0.40 per cent at the scheduled review of the monetary policy next week, a foreign brokerage said on Friday.

The Times of India

Ahead of govt consultation paper launch, RBI deputy governor says CBDCs can kill case for cryptocurrencies

MUMBAI: Ahead of the government coming out with a consultation paper on cryptocurrencies, Reserve Bank deputy governor T Rabi Sankar on Thursday said the soon-to-be-introduced central bank digital currencies (CBDCs) can "kill" whatever little case that exists for private virtual currencies like bitcoin.

Newsroom.co.nz

Reserve Bank warns of more construction firm collapses

New developments in the collapse of Decmil Construction NZ highlight how one falling domino can endanger struggling building firms throughout the country

The New Daily

‘Two-speed market’: Property prices are falling as rates rise, but not everywhere

Australia’s housing market has started falling from its pandemic highs, with property prices down 0.11 per cent in May amid rising interest rates.

Newsroom.co.nz

Reserve Bank takes on fuel prices in readiness for a climate change remit

The central bank is looking to balance its obligation to manage inflation with the necessary costs of cutting emissions, in consultation on its remit.

The New Daily

Alan Kohler: Jim Chalmers needs an inquiry into tax

By far the best thing Jim Chalmers could do for his party and the country would be to find a way to escape the 23.9 per cent limit on tax to GDP.

The Conversation

Open letter: the RBA review needs to be completely independent of government

This is the text of an open letter from 12 leading economists, sent on Sunday:

1 … 36 37 38 39

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

International Monetary Fund

European Central Bank

268 stories

Fair Work Commission

225 stories

Reserve Bank of India

161 stories

Grattan Institute

160 stories

University of Queensland

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.