Grim news coming for interest rates
Debate is swirling that the budget is “smoke and mirrors” and a cash splash risks interest rates being hiked or staying higher for longer.
Interest Rates
Hidden good news in wages growth slip
Workers, already under pressure from inflation, saw their wages slide last quarter but there is some good news for homeowners.
Chalmers digs in despite warning bells
Despite a chorus of economists sharing concerns with the budget, the Treasurer is adamant his plan won’t make the cost of living crisis worse.
ASX lifts on post-budget mining bounce
Aussie stocks lifted on Wednesday on the back of a mining rally fuelled by bourse heavyweight BHP.
More Stories
Household savings lowest in 15 years
The National Accounts figures cover the first three months of 2023, breaking down the spending habits of Australians.
‘Zero sympathy’: Aussie investor cops it
An Aussie property investor has shared his struggle of paying two mortgages as interest rates rise – but he hasn’t received much sympathy.
Broken finance guru makes grim prediction
Finance guru Mark Bouris says he is “filthy” about the RBA’s latest interest rate rise, saying it “could be the nail in the coffin” for homeowners.
‘Trouble’: RBA boss’ big call on pay rises
The RBA boss has made a bold statement about whether Australians should receive a pay boost while defending the bank’s latest rate hike.
‘Pretty hard’: Grim forecast for economy
Fears Australia is tracking for a recession have been shot down despite an acknowledgment the next 18 months are going to be “pretty hard”.
Real reason the RBA is ‘brutalising’ Aussies
It feels like Groundhog Day for Aussies as the RBA twists the knife further — but the truth is Phil Lowe is caught between a rock and a hard place.
Financial mistake leaving Aussies ‘worse off’
Australians are being warned not to be sucked into psychological stress amid the cost of living crisis that could end up in them losing money.
First big bank passes on RBA rate hike
One of the big four banks has been quick to pass on the latest rise after the Reserve Bank handed down its interest rate decision.
Sign RBA boss should be worried
A coy statement could have the Reserve Bank boss sweating about his future after he handed down the 12th interest rate hike in 13 months.
RBA hikes interest rates for 12th time
The RBA has delivered a hammer blow to borrowers across the country as Australia’s inflation woes show no signs of abating.
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