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The Latest Breaking News from Reserve Bank

Australia’s productivity plunge: why is the Reserve Bank concerned and should we panic?

Philip Lowe cited ‘subdued’ productivity growth when the RBA lifted rates for a 12th time to try to tame inflation. Here’s why it matters

The Guardian - AU · Jun 8, 2023

Grattan on Friday: Labor caught in pincer movement of fighting inflation and delivering to its constituency

During the election campaign Anthony Albanese repeated, endlessly, that everything was going up except people’s wages.

The Conversation · Jun 8, 2023

RBI holds rates, vows to keep price stability

The Reserve Bank on June 8 decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50% and retained the GDP growth projection for current fiscal year at 6.5%, on the back of supportive domestic demand conditions.

The Hindu · Jun 8, 2023

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As migrants, we were sold a home and an Australian dream of financial security. Now we feel cheated

The Reserve Bank lifts interest rates each month and Philip Lowe tells our family to slash spending. But what’s left to cut

The Guardian - AU · Jun 8, 2023

$15,000 more a year: Australia’s homeowners brace as interest rate hikes bring ‘mortgage cliff’ closer

Rate rises mean that households with an average $576,985 mortgage will have to find an extra $1250 a month

The Guardian - AU · Jun 7, 2023

The economy is slowing yet the RBA seems desperate to ensure this is as good as it gets for a long time

Record interest rate rises are intended to stop households from spending, even though the economy is already in a precarious position

The Guardian - AU · Jun 7, 2023

Going down: the 6 graphs that show Australia's economic growth shrinking

The latest national accounts tell us Australia’s economy grew by just 0.2% in the three months to March.

The Conversation · Jun 7, 2023

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Struggling Australians can cut back spending or work more to get into ‘positive cash flow’, Philip Lowe says

The Reserve Bank governor says rates will keep being lifted if necessary, despite ‘significant financial pressure’ for some

The Guardian - AU · Jun 6, 2023

Labor rejects claim wage rise to blame for rates hike

Ahead of the latest news on Australia's economic performance, the federal government says it's determined to provide as much cost-of-living relief as it can.

The New Daily · Jun 6, 2023

Michael Pascoe: Is the RBA acting out of spite or just lost the plot?

Passing without notice in April, the Reserve Bank pulled a neat little trick, apparently making multiple billions of dollars in losses “disappear”. I’ve

The New Daily · Jun 6, 2023

Political point scoring over latest RBA rate rise won’t help those feeling the ‘painful squeeze’

How high must rates go to choke inflation? Blaming Labor’s budget, price-gouging businesses or the national wage increase isn’t an answer

The Guardian - AU · Jun 6, 2023

Why Reserve Bank Governor Philip Lowe wants to damage the economy further

Reserve Bank Governor Philip Lowe and his board have pushed up interest rates yet again – for the twelfth time in 14 months – because they want to damage the economy further.

The Conversation · Jun 6, 2023

‘Difficult to understand’: Mortgage bills to rise again as RBA hikes interest rates in June

Australian households will be forced to endure a 12th hike in interest rates after the Reserve Bank moved to push up mortgage bills in June.

The New Daily · Jun 6, 2023

Official interest rates rise above 4 per cent as RBA hikes again

Interest rates climb above 4 per cent for the first time in more than 11 years, as the Reserve Bank moves aggressively to clamp down on inflation.

ABC News · Jun 6, 2023

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The New Daily · Jun 6, 2023

No signs of recovery among despondent consumers

Consumer confidence has not budged from its weak position, although mortgage holders have regained some optimism ahead of the next cash rate decision.

The New Daily · Jun 5, 2023

Worst mortgage stress since GFC as Reserve Bank board ponders rates hike

Another 30,000 Australians could be thrown into risk of mortgage stress if the RBA raises interest rates again.

The Conversation · Jun 5, 2023

Don't blame Australia's lowest-paid workers if interest rates rise again

The odds have been shortening on the Reserve Bank of Australia lifting interest again, and Australia’s workers are again being blamed for driving inflation.

The New Daily · Jun 4, 2023

White-knuckle wait for Tuesday’s latest RBA interest rate decision

Another close interest rate call is looming for the Reserve Bank amid persistent inflation and stagnant productivity growth

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The New Daily · Jun 2, 2023

Minimum wage hike reveals gender inequality

Female workers will be the most most affected by the upcoming minimum wage hike, as the FWC committed to focusing more on gender equality.

The Guardian - AU · May 31, 2023

‘I’m obviously not first choice’: rental crisis forcing older Australians back into share houses

As the vacancy rate drops to 1.2%, the Reserve Bank chief advises renters to consider sharing – but that is a very difficult option for many people

The Guardian - AU · May 31, 2023

Afternoon Update: RBA governor suggests more share houses; inflation rises; and vapour blasts from a Saturn moon

Underlying inflation and price pressures easing, shrinking the likelihood of another RBA rate hike on Tuesday

The New Daily · May 31, 2023

Pain at petrol pump drives surprise jump in inflation

Petrol prices have driven a surprise jump in inflation, as RBA governor Philip Lowe flagged more pain to come for millions of Australians.

The Guardian - AU · May 31, 2023

Australia’s inflation rate rose to 6.8% in April driven by energy prices but price pressures eased

Underlying inflation dropped to 6.5% in April from 6.9% in March, reducing the chances of another Reserve Bank rate rise in June

ABC News · May 30, 2023

Why Australian households are divided when it comes to financial pressure, and economists are divided on the outlook

Economists are divided on how well households will weather the storm of rent rises, soaring home loan rates and rising prices, just as Australians are divided in how much financial pressure they're under.

The Hindu · May 30, 2023

Bank rate raised by 1 PC to curb inflation

Fifty years ago, the Reserve Bank of India announced an unprecedented increase in the bank rate from six to seven per cent in a massive effort to curb inflation

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