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.
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.
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.
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.
The tide is turning against the RBA, with experts from Australia’s biggest bank claiming the Board’s major interest rates excuse is “overdone”.
Aussie shares crept higher on Wednesday on the back of a Wall St rebound, despite a sharp sell off in heavyweight mining and energy stocks.
The Australian sharemarket fell on Tuesday following muted stimulus measures from China and a sharp pullback on Wall St.
One of Australia’s biggest banks has issued a warning about business confidence after the latest figures were revealed.
The Reserve Bank is steadfast it will use the blunt tool of interest rates in any way necessary to get inflation down to its target range.
The Australian sharemarket fell on Friday as the big miners wobbled and uncertainty courses through Wall Street.
The sharemarket inched higher on Thursday as investors braced for Israel’s response to Iranian missile and terror attacks and the release of crucial US jobs data.
A leading financial authority has backed the RBA’s approach to interest rates, but warned further increases would be warranted in the fight against inflation.
A leading financial authority has backed the RBA’s approach to interest rates, but warned further increases would be warranted in the fight against inflation.
The Australian sharemarket slipped on Wednesday as investors braced for a broader war in the Middle East.
The Australian sharemarket retreated from record highs on Tuesday on a sharp sell-off in the mining sector.
Original URL: https://www.thechronicle.com.au/business/economy/interest-rates/page/15