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Young Australians are turning back to credit cards, but they’re not always a good idea.

Beware the hidden landmines in our credit card fees

Penalty interest rates are often wildly out of step with the Reserve Bank’s steadily falling cash rate.

  • Noel Whittaker

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Westpac’s Anthony Miller said there appeared to be more evidence for cutting interest rates.

Westpac boss sees case for rate cuts after fall in inflation

The boss of Australia’s second-biggest retail bank says the number of people falling behind on loans is improving, and the lender expects rate cuts.

  • Clancy Yeates
Productivity Commission head Danielle Wood.

Workers facing $14,000-a-year penalty if Australia can’t find its mojo

Business, university, technology and farming groups have combined to propose a raft of solutions to Australia’s growth malaise.

  • Shane Wright and Jessica McSweeney
The increase in international students was “just one of the many other forces at play” in the country’s inflation surge according to RBA economists.

International student surge probably contributed to post-pandemic inflation: RBA

International students spend twice as much as Australian residents and work fewer hours on average, but they were just one of many factors that fuelled inflation.

  • Millie Muroi
RBA governor Michele Bullock explained the 6-3 split in the bank over its decision to hold interest rates steady in July. But data since suggests it may cut in August.

Australia risks becoming a ‘welfare state’ without spending, productivity fixes

The Reserve Bank was split on a rate cut at its last meeting – now the minutes reveal why six board members voted against change.

  • Shane Wright
A fully-formed monthly inflation report will start from November, helping the Reserve Bank set interest rates.

Australia to finally get monthly insight into inflation pressures

From November, Australia will join the global norm and produce full monthly inflation reports to help guide the RBA

  • Shane Wright
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Hidden fees are a fact of life in our financial system, and some of them are even more egregious than credit card surcharges.

Forget card surcharges, these three invisible fees are costing us more

Hidden fees are a fact of life in our financial system, and some of them are even more egregious than credit card surcharges.

  • Nicole Pedersen-McKinnon
Reserve Bank of Australia governor Michele Bullock.

Oops. Did the Reserve Bank get that last rate decision wrong?

With June’s labour force numbers out, the merry dance of predicting rate movements and second-guessing the central bank begins afresh.

  • Elizabeth Knight
The unemployment rate rose to 4.3 per cent in June, the fourth month in a row the unemployment rate has lifted.

Unemployment at four-year high heaps pressure on RBA to ‘not make same mistake twice’

An unexpected increase in the jobless rate has put the spotlight back on the Reserve Bank after its recent decision to hold interest rates.

  • Shane Wright
Airline loyalty card schemes, which on sell data to brokers, are being investigated as part of a review of data broker practices.

Warning to Australians who use credit cards to earn airline points

The generosity of rewards schemes could be scaled back if a proposal to ban surcharges for card transactions goes ahead.

  • Elias Visontay

Original URL: https://www.smh.com.au/topic/reserve-bank-of-australia-619