‘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.
Interest Rates
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”.
More Stories
‘Backwards’: Fight over slow economy heats up
The Finance Minister has dismissed the opposition’s attack on the government’s handling of the economy after fresh GDP showed anaemic growth.
Growth in Aussie economy tipped to be weak
The Australian economy is expected to show anaemic growth when GDP figures are released on Wednesday, in line with Treasurer Jim Chalmers’ warning.
‘Tell it like it is’: Chalmers dismisses RBA dig
Treasurer Jim Chalmers dismissed claims he was snubbing the RBA after he said cash rate hikes were “smashing the economy”.
‘Flatlining’: Grim news for Aussie retailers
Retailers are worried they face a tough Christmas trading period, as Australians continue to resist spending up during a cost-of-living crisis.
Shocking reality of rate rise crisis
A shocking number of Australians are being forced to spend nearly a third of their income on their mortgage.
Worrying sign Aussies already in ‘recession’
Amid a cost of living crisis beleaguered Aussies have been warned to brace for an “economic horror show” up until Christmas.
Bleak rates call nobody wanted to hear
Economists have dampened hopes that new inflation figures could lead to a sooner-than-expected rate cut, unless “something out of left field” happens.
Why younger savers are ignoring banks
Facing mounting student debts and the cost-of-living grind, younger people are getting savvier on who holds onto their money.
Aussie shares jump on Fed cut fever
The local sharemarket lifted on Monday as buoyant investors cheered the prospect of a September rate cut in the world’s largest economy.
’Kick in the teeth’ for struggling Aussies
As the big four Australian banks continue making billion-dollar profits, more and more families are falling behind on their house payments.
Original URL: https://www.themercury.com.au/business/economy/interest-rates/page/11