Last of big four banks updates rate cut tip
All four of the big banks now agree on when the Reserve Bank board will cut interest rates following welcome inflation data this week.
Interest Rates
Figures hide Aussie families’ pain
Australians are still feeling the pinch of cost-of-living rises even though the rate of inflation is slowing.
How young Aussies can get $1321 boost
Applications are now open for young Aussies to get a tax-free $1321 cash boost, but there’s a catch.
Grim warning after ‘worst month on record’
One of Australia’s top finance experts says mortgage holders and businesses are being pushed to the brink – and something’s got to give.
‘It’s on’: Major bank expects Feb rate cut
In welcome news for mortgage holders, a third major bank is now expecting a rate cut in February following lower-than-expected inflation data.
Homeowners could score $8k cut to mortgage
A new report suggests help is on its way for struggling homeowners who have had their mortgage increase in many cases by $12,000 a year.
Aussie economy’s major breakthrough
Australia’s economy might be hitting a turning point on the back of better household spending – but economists are warning more work needs to be done.
Rate cut in February hangs on this figure
Struggling borrowers could finally get a rate cut in February, with inflation tipped to fall faster than the Reserve Bank has been expecting.
Chalmers urges ‘confidence’ ahead of CPI drop
The Treasurer has urged “confidence, not complacency” ahead of Wednesday’s new inflation data, which could lead the RBA into its first rate cut since 2020.
‘Done all we can:’ Albo’s big call on rates
The Prime Minister says his government has “done all it can” to tame inflation to allow the RBA to cut rates and deliver households much needed relief.
Australia’s top performing state revealed
Two mining powerhouses are officially Australia’s best performing state economies, with one topping the list for the second time since 2014.
Huge number of Aussies needing a rate cut
A huge number of Aussie households have said they are desperately needing a rate cut when the Reserve Bank next meets.
ASX snaps three-day winning streak
The Aussie sharemarket has snapped a three-day winning streak as consumer-facing stocks and an “unloved” mining sector drag the index lower.
Mining state sinks into budget black hole
Millions of Aussies are confronting a stark budget black hole, with an economic update exposing a serious $217bn breakdown in one state’s finances.
Faltering dollar ‘unlikely’ to sway RBA
Australia’s weak dollar could see inflation tick up slightly, but it is unlikely to move the RBA on its next rate cut decision, a leading economist says.
Major bank’s surprise move on rates
A major bank has reduced its fixed-rate mortgages just weeks out from the Reserve Bank’s official rate-cut decision.
Aussie economy tipped to improve in 2025
The Australian economy is expected to experience brighter days ahead off the back of expected interest rate cuts, but there is a massive catch for workers.
‘Lost decade’: Diabolical 2025 warning for Aus
Cash-strapped Aussies holding out hope for some cost-of-living relief this year are set to be disappointed.
Fears rate cut could be delayed
Australia’s unemployment rate rose slightly in December but still remains under the RBA’s forecasted figure, putting in doubt a rate cut for the first time in 17 months.
Big bank’s call on rate cut
One of Australia’s big four banks has renewed its prediction for when the Reserve Bank will cut the cash rate, as spending dropped after the Black Friday sales.
ASX jumps on US tariff hopes
Australia’s share market finished in the green on Tuesday, led by the major resources and property stocks, and a surprise report out of the US.
Why Aussie dollar fall could cost homeowners
The chances of an interest rate cut in early 2025 are falling faster than the Aussie dollar, with experts saying the drop in our currency could cause the Reserve Bank to baulk at a cut.
‘Staggered’: Major catch for Aussie rate cut
With thousands of Aussie homeowners buckling under the weight of hefty repayments and the cost of living crisis, a financial expert has laid out his best tips going into 2025.
The news homeowners have been waiting for
Another major bank says a February rate cut is on the cards, with ANZ making a big change to its expectation of when Aussie mortgage holders will get a reprieve.
Fresh hope for Aussies smashed by rates
Australia’s all-important trimmed mean inflation rate continues to fall, renewing hope for an early rate cut, the national figures show.
Major bank’s huge interest rate call
NAB says the worst of the economic cycle could be behind us, predicting a number of rate cuts in 2025 to help households and business alike.
Eye-watering cost of Christmas revealed
A staggering number of Aussies will be paying off their credit card debts for at least six months after relying on their credit cards to get through the holiday season.
‘Accepted’: 20yo’s crushing debt reality
A young Aussie has shared the common debt nightmare she’s living with – and the grim reality she’s “accepted” because of it.
Renewed hope for Aussie rate cut
Aussies hoping for a rate cut have received welcome news, as inflation is tipped to have fallen in the November monthly figures.
‘Dangerous’: Warning on Aussie house prices
A property expert has warned Australia’s property market could be a ‘dangerous’ purchase in 2025, with investors risking hundreds of thousands of dollars.
Horror reality in Australian mortgage crisis
An upsetting reality awaits millions of Aussies working to own their own home outright, with one expert sharing a surprising insight.
Surprising reason for ASX’s sudden spike
The ASX 200 finished the week strongly off the back of surging commodity stocks and an unexpected business partnership
Why Aussie house prices have dropped
National house prices have dropped for the first time in two years, with one state leading the downward pressure.
Aussie dollar falls to Covid low
The Australian dollar has fallen to a near-five-year low that is the worst seen since Covid.
Can’t blame young Aussies for fleeing country
Aussies are making the difficult choice of leaving, as high house prices see them look for cheaper alternatives overseas.
Grim warning for Australia’s living standards
Aussies are getting poorer and it seems unlikely to change in the near future – but it may not be all bad news, according to industry figures.
Falling Aussie dollar could halt rate cut
A weakening Aussie dollar could see import prices rise, adding further pressure on the RBA to hold rates higher, experts have warned.
‘Further back’: Bad news for Aussies in 2025
Experts have offered their outlooks for the economy in 2025, and while there’s some good news, there will be continued pain to come for many.
Fresh blow for would-be homeowners
The International Monetary Fund has poured cold water on a key housing policy which would make it easier for first-home buyers to get a loan.
RBA’s major clue on next rates decision
Struggling Aussie homeowners could get a rate cut sooner rather than later as the Reserve Bank says it is “increasingly confident” about a reduction.
Ray of hope emerges for Aussie economy
A new outlook has forecast the Australian economy is on a “narrow path to a soft landing” and is tipped to improve next year – but there’s a major catch.
ASX snaps grim days-long losing streak
The ASX has surged back and broken a days-long losing streak – after better than expected inflationary data out of the US sent markets higher around the world.
Major change to Aussie cash revealed
A major change to Aussie cash could be on the cards – which would essentially keep cash in the Australian system despite the dominance of card payments.
Grim update as ASX sell-off continues
The ASX has tumbled to a new low after markets continued to sell off, with investors factoring in a less-than-favourable decision in the US.
Budget blowout funded by bracket creep
The budget’s bottom line is forecast to blow out by more than $20bn, funded largely by bracket creep in the coming years, economist warn.
Why RBA is being blamed for inflation
The RBA’s slow response to the post-Covid economic boom is to blame for Australians paying more on their mortgage today, a consulting firm has found.
RBA’s excuse for rate forecast fails
The RBA has defended the economic forecasting it does to help the board when it considers changes to the cash rate, admitting the predictions are likely wrong.
Big bank’s surprise call on cost of living
Westpac says the peak of the cost of living crisis could be behind us with the number of Aussies needing the bank’s help to pay their loans falling.
‘Doesn’t have to be like that’: Huge RBA call
The tide is turning against the RBA, with experts from Australia’s biggest bank claiming the Board’s major interest rates excuse is “overdone”.
RBA’s major Trump call after tariff spree
The Reserve Bank has made a major call on the potential impact of Donald Trump’s second presidency on the Australian economy.
Australia on ‘verge of a full-blown recession’
One of Australia’s top finance experts has issued a grim warning about the economy – and shared a telling clue about what’s to come.
Aussie shares slump on bank, tech rout
A sharp sell-off in banking and tech stocks pushed the Australian sharemarket into the red on Tuesday, even as the heavyweight mining sector soared.
Fresh blow to Aussie mortgages
Homeowners desperate for some rate relief will need to wait until 2025, as the Reserve Bank of Australia held official interest rates for the ninth time in a row.
‘Apologise’: Aussies revolt over RBA fiasco
The RBA will reveal its latest interest rates decision within hours – and an expert has shared his prediction which no Aussie will want to hear.
91 per cent chance of this interest rate call
Mortgage holders and business owners should not hold their breath for any interest rate relief on Tuesday.
‘Extensive experience’: ANZ picks new boss
One of Australia’s largest companies has found its new chief executive, an international banker of “calibre and extensive experience”.
Chart reveals why Australia is screwed
Australians are getting poorer and a leading economist has produced a simple chart that shows why.
Surprise reason for Aussie spending jump
A surprise jump in spending in major two areas has given early indications Aussies are starting to spend again, in spite of a high cost of living.
Government spending surges to $195bn
Strong public spending is offsetting an overall weak economy, new figures from the ABS reveal, ahead of the release of the latest growth figures on Wednesday.
Surprising state tops list for business
Australia’s leading business body has just ranked the best and worst states and territories for commerce and a surprising state has come out on top.
ASX sets new record high
Australia’s sharemarket has started the last month of the year with a strong day of trading, as new retail data was surprisingly good.
Major bank makes huge rate call
The big four bank is the latest institution to push out its timeline for a Reserve Bank interest rate cut, as customers start spending their stage 3 tax cuts.
‘Worse without:’ Bullock’s bold jobs call
The RBA governor surprisingly came out in support of Australia’s big spending budget saying the economy “would be worse without it”.
Aussie shares hit fresh record high
The Australian sharemarket cracked a fresh record high on Thursday on the back of a surge in the big banks and healthcare stocks.
Warning as banks move away from rate cut
Mortgage holders’ hopes of a February rate cut are fading as big four bank analysts begin to alter their predictions.
Push to change rules for first homebuyers
Restrictive rules which prevent nearly two in five first home buyers from securing financing should be eased, a major report is expected to say.
Push to change rules for first homebuyers
Restrictive rules which prevent nearly two in five first home buyers from securing financing should be eased, a major report is expected to say.
Inflation update grim news for rate cut
Inflation figures have continued their trend down, but not in a way that will help mortgage holders any time soon.
‘Crashing’: Sign the RBA has ‘has lost the plot’
Inflation is “collapsing” in Australia – but the Reserve Bank just keeps on making the same mistake, as the rest of us suffer.
Pleas to RBA to ignore Black Friday boom
Black Friday is tipped to be one of the best sales events on record, but a leading economist warns it is not a sign that household pressures are easing.
Ironic twist in Trump interest rates fiasco
The US President-elect isn’t even running the show yet – but already, countless Aussie households are seriously hurting.
‘Spending more’: Infuriating rate hike truth
Damning new figures have revealed that the RBA’s brutal interest rate hikes are hurting one group of Aussies – while others live it up.
Grim reality for Aussie businesses
Aussie businesses have been hit with a grim forecast for the year unless consumers change their spending habits.
RBA refuses to rule out more rate hikes
The Reserve Bank of Australia is steadfast in its fight against inflation, even if it means mortgage holders will pay even more in the coming months.
‘Pretty crazy’: RBA’s bizarre move exposed
Inflation has “crashed” – but the RBA is still “misreading” the signals and leaving struggling Aussie homeowners in limbo. What gives?
RBA makes call on mortgage stress
Aussie mortgage holders are in theory the most exposed to interest rates rises in the world, yet there is little evidence of a mortgage cliff, the RBA said.
‘Pushed further’: RBA call we were dreading
We were all but promised a rate cut in 2024, but now, that’s looking like a pipe dream. And Donald Trump could be partly to blame.
Bank confirms worst news for homeowners
One of Australia’s big four banks has made a bold prediction about the future of interest rates, and it’s even worse than expected.
Aussies worse off since 2022: report
A report into the cost-of-living crisis facing households says they are worse off now than two years ago, with pleas for Anthony Albanese to call an urgent meeting.
Aussie bank makes astonishing rates call
One of Australia’s biggest financial institutions has reduced home loan interest rates, but there’s just one catch for potential customers.
Original URL: https://www.news.com.au/finance/economy/interest-rates