ANZ makes horror 2025 rates prediction
A major Australian bank has issued a grim warning on where rates are heading, with the next cut not predicted until 2025.
A major Australian bank has issued a grim warning on where rates are heading, with the next cut not predicted until 2025.
Homeowners are steeling themselves for potential interest rate hikes following an uneasy statement from the head of the Reserve Bank.
Treasurer Jim Chalmers has acknowledged the economy is “barely growing”, after GDP increased by just 0.1 per cent in the first three months of 2024.
RBA governor Michele Bullock said the bank was watching one key figure in deciding if interest rates would increase again.
RBA governor Michele Bullock said the bank was watching one key figure in deciding if interest rates would increase again.
Australia’s workplace umpire has revealed its reasons for increasing the minimum wage for 2.6m workers by another 3.75 per cent.
Australia’s workplace umpire has revealed its reasons for increasing the minimum wage for 2.6m workers by another 3.75 per cent.
Australians experiencing financial stress are being urged to exercise their right to seek assistance from their bank or lender.
More than three million Aussies can expect to see their HECS loans increase from Saturday, despite new measures to lower debt.
Aussie shares shrugged off a grim night on Wall St to end a three-day losing streak and finish the week with a broadbased rebound.
With the commencement of the Albanese government’s 1.2 million homes target less than one month away, housing approvals continued to disappoint.
With the commencement of the Albanese government’s 1.2 million homes target less than one month away, housing approvals continued to disappoint.
The Australian sharemarket fell for its third straight session on Thursday, dragged down by Wall St, inflation fears and a tumble at BHP.
The central bank has issued a note of caution following the release of firmer-than-expected inflation figures.
Australian shares slumped on Wednesday after hotter-than-expected CPI numbers renewed inflation fears and narrowed the likelihood of rate cuts this year.
Amid concerns that simmering price pressures will delay much needed interest rate cuts, price pressures intensified in April to 3.6 per cent.
Amid concerns that simmering price pressures will delay much needed interest rate cuts, price pressures intensified in April to 3.6 per cent.
The Australian sharemarket fell lower on Tuesday after weak retail sales data hit discretionary stocks.
The latest retail trade figures have revealed that many Australians are keeping a close eye on their spending in the retail sector.
The latest retail trade figures have revealed that many Australians are keeping a close eye on their spending in the retail sector.
Ten of 11 industry sectors ended in the green on Monday in a rebound ahead of crucial retail and inflation data.
Australia’s biggest bank is hoping to claw customers away from its competitors, announcing a below-average home loan rate.
Booking a four-day losing streak, the sharemarket fell to close out the week after investors were rattled by hotter-than-expected services and manufacturing data.
While attempting to lay out the Coalition’s economic credentials, shadow Treasurer Angus Taylor confused the opposition’s cut-through line on migration.
One major Aussie bank has made a huge call about how people will use their tax cut cash boost in the coming months, warning not to expect a shopping spree.
Despite expectations of a robust rise, shoppers shunned new spending last month after a Taylor Swift-inspired boost.
Despite expectations of a robust rise, shoppers shunned new spending last month after a Taylor Swift-inspired boost.
The Commonwealth Bank of Australia has made a devastating prediction that millions of Aussies will not want to hear.
Stubborn inflation, strong jobs growth, and a rebounding economy could force the Reserve Bank to deliver further rate hikes, economists have warned.
Stubborn inflation, strong jobs growth, and a rebounding economy could force the Reserve Bank to deliver further rate hikes, economists have warned.
While it is expected the budget will remain in surplus, welfare recipients holding out for relief are set to be disappointed.
A top forecaster issued a dire interest rate warning, predicting that the RBA will be forced to hike three times before the end of the year.
The International Monetary Fund (IMF) has declared that Australians are the worst off homeowners in the world for one simple reason.
A startling financial truth is threatening to ruin the future of an entire generation, and many of us have no idea it’s even a problem.
Shares erased their early gains on Wednesday after firmer-than-expected inflation data took traders by surprise.
With prices rebounding over the March quarter, investors and economists pushed out their timeline for rate cuts by the Reserve Bank.
With prices rebounding over the March quarter, investors and economists pushed out their timeline for rate cuts by the Reserve Bank.
Ahead of consumer price figures for the March quarter, the benchmark notched its second session of gains.
All eyes will be on fresh inflation data to be released on Wednesday which will be critical to the Reserve Bank’s deliberations on rate cuts.
All eyes will be on fresh inflation data to be released on Wednesday which will be critical to the Reserve Bank’s deliberations on rate cuts.
Over a million Aussies are already in mortgage stress and now there are fears there is even more trouble ahead.
Income tax receipts gushed into Treasury coffers last year to a record high, fresh ABS data has revealed.
Markets regained their composure on Monday after an apparent easing in hostilities between Iran and Israel.
Students saddled with unpaid placements and soaring debts could be in line for relief in next month’s Federal Budget, the Treasurer has hinted.
Firmer than expected unemployment data failed to ease concerns that the RBA will hold interest rates steady through to 2025.
With Australians ripped off every time they use their credit card, the RBA is considering a crackdown.
More Australians found themselves out of work last month, but the result was stronger than expected and could delay the RBA’s rate cut path.
The Australian sharemarket edged down slightly on Wednesday, as investors settled into a new narrative on inflation.
IMF economists have offered good news on the path of inflation and GDP growth, but they warn Australia is set to lag its global peers.
Shares took their cue from the US stock market, with the local benchmark finishing in the red for the fourth consecutive session.
Original URL: https://www.themercury.com.au/business/economy/interest-rates/page/4