Aussies’ confidence rocked by shock RBA call
The country’s major banks say Australian consumer confidence was rocked after the RBA decided against cutting the official cash rate in July.
The country’s major banks say Australian consumer confidence was rocked after the RBA decided against cutting the official cash rate in July.
Aussie mortgage holders have been dealt a “cruel” blow after the RBA held the official cash rate – and they will need to wait longer to see the fruits of earlier rate cuts come into effect.
Aussie mortgage holders have been dealt a “cruel” blow after the RBA held the official cash rate – and they will need to wait longer to see the fruits of earlier rate cuts come into effect.
A Wall St rally and a lift in the big iron ore miners has buoyed the Australian sharemarket on Thursday.
A July rate cut remains on the cards, but Aussie households could still be impacted by another hit to the cost of living.
In good news for borrowers, a big four bank has slashed variable interest rates as competition between lenders heats up.
Struggling mortgage holders may have to wait a little longer for interest rate relief, a big four bank’s economist warns.
Australians are more worried about their jobs, the family finances and the broader Australian economy due to the US President Donald Trump’s tariff policy.
A trend that started after the Covid pandemic is continuing, with a huge number of Australians taking on multiple roles to deal with the cost of living.
Australians remain cautious with their money, with only a slight bump in spending in April despite two long weekends in a row.
The Australian economy has slowed but a chief economist has predicted when there will be four rate cuts as the Albanese government faces weak productivity growth.
The fallout from US President Donald Trump’s tariffs could have a severe impact on the Australian economy, worst-case modelling from the RBA reveals.
Australia’s economy is showing more signs of weakening ahead of GDP figures being released on Wednesday.
A major bank has announced it will take the axe to its fixed rate home loans on Friday.
Original URL: https://www.dailytelegraph.com.au/business/economy/interest-rates/page/4