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The Latest Breaking News from Reserve Bank

View from The Hill: The interest rate rise is a political wild card

The Reserve Bank, as expected, has thrown its wild card into the election campaign, but neither government nor opposition can be sure which side will be more damaged, or advantaged, by it.

The Conversation

Labor says rate rise highlights PM’s shredded credentials but Morrison insists it’s part of pandemic journey

Scott Morrison says Reserve Bank has ‘made a very important statement about where we are now in our journey out of this pandemic’

The Guardian - AU

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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Prime Minister Scott Morrison says Australians ready for rate increase, as Labor warns nation faces cost-of-living crisis

The Prime Minister says households are prepared to deal with the first increase to interest rates in more than a decade, but Labor says his government is not doing enough to ease cost-of-living pressures.

ABC News

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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Reserve Bank opts for standard 25-basis-point interest rate hike as first in likely string of rises

The Reserve Bank increases interest rates for the first time in more than 11 years, with a 25-basis-point hike taking the cash rate target to 0.35 per cent.

ABC News

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

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.

AAP

Central banks hunt in packs. Here's why ours ought to be wary about lifting the cash rate

The Reserve Bank’s cash rate is in the news, and in an unwelcome way for the first time in 11 years.

The Conversation

With interest rates about to start rising, experts estimate almost 300,000 mortgage borrowers are at serious risk of default

As interest rates rise, almost 300,000 people who took large and risky home loans during the pandemic could fall into severe financial hardship or even default.

ABC News

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

The Guardian - AU

Grattan on Friday: Managing post-COVID a delicate balance for Anthony Albanese

Philip Lowe mightn’t be a household name but the Reserve Bank governor finds himself catapulted right into the centre of this election campaign, in which events are proving more important than policies.

The Conversation

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ABC News

The cost of living is surging, so why will the RBA add to it by raising interest rates?

The Reserve Bank is increasingly likely to start raising interest rates next Tuesday. But why would it add increased interest costs to household budgets at a time when Australians are struggling with a surging cost of living? Michael Janda explains the economics behind it.

The Guardian - AU

The Australian inflation rate gives the lie to Morrison’s claims of strong economic management

Workers’ ability to buy things with their wages is little different from when Tony Abbott took office in September 2013

The Conversation

Politics with Michelle Grattan: Economist Saul Eslake on why Reserve Bank needs to raise rates next week

After Wednesday’s larger-than-expected inflation number, all attention has turned to the Reserve Bank’s meeting on Tuesday. If the bank moves next week, it will be the first time there’s been a rise in a campaign since 2007, the election John Howard lost.

The Conversation

Inflation hits an extraordinary 5.1%. How long until mortgage rates climb?

Australian consumer prices jumped an extraordinary 2.1% in the first three months of the year, the biggest quarterly jump since the introduction of the 10% goods and services tax at the start of the century.

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The Conversation

There are 4 economic wildcards between now and election day. The first gets played this week

There are four economic wildcards between now and the election, and we know exactly when each will be played.

ABC News

Inflation surge could see super-sized interest rate hike in June, economists warn

The latest official inflation figures are expected to be the highest since the global financial crisis, and at least one leading economist warns they could trigger an extra large first interest rate hike from the Reserve Bank.

Benzinga

Which Federal Reserve Members Move The Markets Most With Their Public Comments?

When Federal Reserve members talk, investors listen. Some Fed members understandably tend to move the stock market more than others.

Newsroom.co.nz

There's more ministerial brain fade but at least they are accountable

Whether one likes Government policy decisions or not, it is far more accountable to Parliament than its predecessors - even when there are gaffes such as Chris Hipkins', writes Peter Dunne

The Times of India

FPI investment limit in g-sec unchanged at 6% of outstanding stocks of securities for FY23: RBI

MUMBAI: The Reserve Bank on Tuesday said the limits for investment in government securities (g-secs), state development loans and corporate bonds will remain unchanged at 6 per cent, 2 per cent and 15 per cent, respectively, of outstanding stocks of securities for the current financial year.

Al Jazeera

In property-mad Australia, borrowers brace for pricier mortgages

The Reserve Bank of Australia is expected to announce multiple increases in its benchmark interest rate this year.

Newsroom.co.nz

March quarter CPI will show new inflation shock

Business & Investing: Inflation worldwide is causing a rethink of economic policy, with markets gloom exacerbated by the strong ripple effects of the war in Ukraine

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