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.
Interest Rates
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”.
More Stories
Aussie homes ‘teetering’ on financial ruin
About 1 in 2 Aussie households are “teetering” on the brink of financial ruin as higher for longer mortgage rates force more families out of the market.
‘Outright stupid’: RBA ‘has cornered itself’
Yesterday’s huge inflation update was a great result for Australians – but it still might not be enough to save us from the RBA.
‘Cornered’: Election piles heat on RBA
The Queensland election result is set to widen the already yawning gulf between the government in Canberra and the RBA.
‘No free for all’: Jim’s message to Aussies
Treasurer Jim Chalmers says inflation has halved since Labor took office but more work needs to be done but Aussies doing it tough shouldn’t expect a cash splash.
Major bank’s new move on rates
A big four bank will reduce interest rates by up to 0.25 per cent, but you’ll need to meet this strict criteria.
‘In tears’: Couple slams ‘predatory’ bank move
An Aussie man who had to access hardship arrangements when he couldn’t pay his mortgage has revealed the stressful outcome.
RBA boss’ $400k pay rise in cost crisis
The latest report from the Reserve Bank of Australia shows the major pay rise Michele Bullock received after she stepped into the top job.
Big bank’s surprise Stage 3 tax cut reveal
Aussies have pocketed $6.4bn in extra income since July’s Stage 3 tax cuts, but what we’re doing with it might come as a surprise.
‘Backyards’: State’s wild bid for more homes
One state wants to make it easier to divide up blocks of land in a bid to boost housing supply by “unlocking land in people’s backyards”.
Aussie budget takes out bronze medal
Australia’s budget surplus is one of the best in the world, but it’s not all good news for the economy.
Original URL: https://www.themercury.com.au/business/economy/interest-rates/page/11