The Loop: Daniel Johns avoids jail, cargo ship crew rescued, Boris Johnson faces leadership questions, banks pass on rate rise Here's your TL;DR for today's news. ABC News · Jul 6, 2022
Commonwealth Bank, ANZ, NAB and Wespac to lift variable mortgage rates by half a percentage point All of the big four banks will pass on the Reserve Bank's latest interest rate rise to home loan customers in full — but not all savers. ABC News · Jul 6, 2022
Michael Pascoe: Australian official briefed foreign power against RBA While all eyes were on the Reserve Bank on Tuesday, an extraordinary story in the weekend press seems to have slipped by without notice. The New Daily · Jul 5, 2022
CBA, ANZ raise their interest rate levels ANZ has followed Commonwealth Bank in raising mortgage rates following the central bank's decision to lift the cash rate to 1.35 per cent. AAP · Jul 5, 2022
Rates rise to 1.35% – and there's no stopping now the RBA's on a mission to whip inflation There was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much. The Conversation · Jul 5, 2022
Cost-of-living crisis will get worse before it gets better: Jim Chalmers Treasurer Jim Chalmers has conceded the cost-of-living crisis will get worse before it gets better after the RBA hiked interest rates by 50 basis points. The New Daily · Jul 5, 2022
Interest rate decision: RBA raises cash rate by half a percentage point to 1.35 per cent — as it happened The Reserve Bank of Australia has announced a cash rate increase of 50 basis points as it seeks to curb inflation — as it happened. ABC News · Jul 5, 2022
ASX notches up two-day winning streak after RBA's double interest rate hike Australian shares rise for a second straight day as the Reserve Bank lifts interest rates for a third straight month in a desperate attempt to bring inflation down. ABC News · Jul 4, 2022
Morning mail: Sydney braces for more flooding, interest rates tipped to rise, six die in US parade shooting Tuesday: A double whammy of interest rate rises expected over next two months. Plus: Winston Churchill’s ‘magnificently idiotic’ platypus quest The Guardian - AU · Jul 4, 2022
Why are interest rates going up? What does inflation have to do with the Reserve Bank’s decision? Interest rates have just risen, again. But do you understand why? Here's everything you need to know. ABC News · Jul 4, 2022
Homeowners warned to expect at least two further rate hikes as repayments soar Cash rate predicted to rise again in August as the RBA attempts to bring down rising inflation The Guardian - AU · Jul 4, 2022
Further rate rise to hit family budgets The Reserve Bank of Australia board lifted the official cash rate to 1.35 per cent, adding to cost pressures on households. AAP · Jul 4, 2022
RBI imposes penalty on Kotak Mahindra Bank, IndusInd Bank MUMBAI: The Reserve Bank on Monday said it has imposed penalties of about Rs 1 crore each on Kotak Mahindra Bank and IndusInd Bank for deficiencies in regulatory compliance. The Times of India · Jul 4, 2022
‘Serious financial stress’: Typical mortgage bills tipped to jump $792 by year’s end Home owners are being warned to brace for their third interest rate hike in as many months on Tuesday as the Reserve Bank fights surging inflation. The New Daily · Jul 4, 2022
ABC News · Jul 4, 2022 Can we avoid a recession? What we can learn from the Kiwis New Zealand property prices have fallen every month this year following a series of punishing interest rate hikes that began last October. So far, the hikes have yet to dent inflation.
ABC News · Jul 4, 2022 ASX jumps ahead of RBA meeting, new survey shows split public opinion on rate hike Australian shares rise sharply after falling for three consecutive sessions as investors await for another potential interest rate hike by the Reserve Bank on Tuesday.
The New Daily · Jun 30, 2022 Sky-high mortgages, high inflation, possible recession. How The Conversation’s panel sees the year ahead Now in its fourth year, The Conversation’s survey draws on the expertise of leading forecasters to predict what lies ahead for the Australian economy.
ABC News · Jun 30, 2022 Home prices drop for the second month in a row as Reserve Bank's aggressive interest rate rises hit hard Aggressive interest rate increases have caused the second monthly fall in home prices across Australia's capital cities. It is the sharpest slowdown in the property market in 30 years.
The Times of India · Jun 30, 2022 India's external debt rose to $620.7 billion last fiscal: RBI data MUMBAI: India's external debt increased by $47.1 billion to $620.7 billion in the financial year ended March 2022, the Reserve Bank said on Thursday.
The Times of India · Jun 30, 2022 Bad loans of banks expected to decline further to 5.3% by March 2023: RBI report MUMBAI: The Reserve Bank on Thursday said the bad loans of banks are expected to further decline to 5.3 per cent of total advances by March 2023 from a six-year low on the back of growth in credit and declining trend in the stock of NPAs.
ABC News · Jun 30, 2022 The Loop: A COVID vaccine review, Commonwealth Bank hikes fixed rates, and man gets too close to bison Here's what you need to get caught up on today's news.
The Conversation · Jun 30, 2022 Sky-high mortgages, 7.1% inflation, and a 20% chance of recession. How the Conversation's panel sees the year ahead Homeowners will face mortgage rates near 5.5% in a little over a year, according to a survey of 22 leading Australian economists.
ABC News · Jun 30, 2022 Commonwealth Bank, ANZ, Westpac, NAB to raise variable mortgage rates by 0.25 per cent after RBA rate hike All of Australia's biggest banks have lifted mortgage rates, matching the Reserve Bank's 25-basis-point increase.
AAP · Jun 27, 2022 Sentiment lifts from the depths of despair Consumer confidence has improved for a second consecutive week after a slump earlier in the month as a result of a large rise in interest rates.
ABC News · Jun 26, 2022 Future make-up of RBA board a 'key consideration' going forward, says Federal Treasurer Federal Treasurer Jim Chalmers throws his support behind calls for the Reserve Bank board to be more representative of the broader Australian community, following scathing criticism that it is out of touch with workers demanding wage increases.