‘Still strength’ in inflation, RBA warns
The central bank has issued a note of caution following the release of firmer-than-expected inflation figures.
The central bank has issued a note of caution following the release of firmer-than-expected inflation figures.
Australian shares slumped on Wednesday after hotter-than-expected CPI numbers renewed inflation fears and narrowed the likelihood of rate cuts this year.
Amid concerns that simmering price pressures will delay much needed interest rate cuts, price pressures intensified in April to 3.6 per cent.
Amid concerns that simmering price pressures will delay much needed interest rate cuts, price pressures intensified in April to 3.6 per cent.
D-Day looks nigh for RBA boss Philip Lowe, who told homeowners interest rates wouldn’t go up until 2024.
Australians frustrated by the aggressive rate hike cycle – and the warning of more to come – likely won’t prefer the alternative.
The country’s largest student loan debts have been increased by an eye-watering amount due to the cost of inflation.
The “perfect storm” has hit previously comfortable middle-class families who are beating down the doors of charities desperate for help.
The fate of embattled RBA governor Philip Lowe will be decided within weeks, but one Liberal says the ‘poor old’ guy should be given another go.
Australians struggling with the cost of living have been offered a glimmer of hope from the Prime Minister.
As the PM backs in ‘two outstanding public servants’ tipped to replace RBA chief Philip Lowe, the opposition has slammed the government for ‘demonising’ the governor.
The RBA has held interest rates steady as homeowners around the country breathe a palpable sigh of relief.
While the RBA has paused interest rate hikes this month, three “hawkish” words could help borrowers see what’s really in store for the future.
The central bank will do what it takes to chase down inflation, warning further rate hikes could be needed soon.
Original URL: https://www.goldcoastbulletin.com.au/business/economy/interest-rates/page/78