‘Shock’: RBA’s latest warning to Aussies
The RBA has issued a stark warning to Aussies as the ongoing conflict between Israel and Hamas adds to inflation pressures.
The RBA has issued a stark warning to Aussies as the ongoing conflict between Israel and Hamas adds to inflation pressures.
Incoming data over the next three weeks will heavily influence the Reserve Bank’s decision on whether to hike rates on Melbourne Cup day.
The Aussie sharemarket shrugged off fears that interest rates could climb higher before the year’s end to finish in the green.
Despite ultimately keeping rates on hold, new RBA governor Michele Bullock considered another hike to the cash rate in early October.
Groceries have recorded their first meaningful price increase since panic buying and a boom in at-home consumption in the first six months of 2020.
Reserve Bank governor Philip Lowe has all but ruled out a rate hike in the coming election campaign.
The Reserve Bank has released a major decision on the cash rate – but economists and investors have leapt on clues in Philip Lowe’s statement.
In nine months, millions of Aussies could need to find at least $600 extra a month – and that’s on top of rising food and petrol costs.
Two of Australia’s biggest banks have continued to hike fixed interest rates, piling on more pain for borrowers.
Australia is now standing alone in stalling a financial decision that could have dire consequences for the housing market as we know it.
A surging technology sector and a solid performance by the major banks lifted the Australian sharemarket to fresh highs on Wednesday.
Investors started strongly but clearly got the shakes during Monday’s ASX session, with the local market sliding into the close.
Original URL: https://www.couriermail.com.au/business/economy/interest-rates/page/176