One thing propping up Aussie economy
As the Commonwealth Bank boss announced a profit slide, he said one thing was providing a “tailwind” for the Australian economy.
As the Commonwealth Bank boss announced a profit slide, he said one thing was providing a “tailwind” for the Australian economy.
The Salvation Army says it is seeing an unprecedented number of people seeking help, with one mother describing her heartbreak over the housing crisis.
A rally in interest rate sensitive stocks on Wednesday pushed the sharemarket into the green for a fifth consecutive session.
Aussies are owing almost $18bn in credit card debt, with experts warning it could get worse in the wake of the Reserve Bank’s latest interest rate decision.
Warning that the RBA would not hesitate to pull the trigger on further rate hikes if needed, Governor Michele Bullock revealed rate hikes had been considered.
Warning that the RBA would not hesitate to pull the trigger on further rate hikes if needed, Governor Michele Bullock revealed rate hikes had been considered.
After a six week reprieve, Australians will learn today whether interest rates will rise again.
Releasing its fresh quarterly forecasts, the central bank painted a gloomy picture on the path for inflation, with one essential cost for many playing a key role.
Releasing its fresh quarterly forecasts, the central bank painted a gloomy picture on the path for inflation, with one essential cost for many playing a key role.
Homeowners are feeling the pinch of the cost-of-living crisis, with the number of loans past due at ANZ increasing double digits.
With fears interest rates are going to remain higher for longer, one family faced being trapped in mortgage prison for a bizarre reason.
Aussie homeowners thought interest rate hikes were over but now alarm bells are sounding again.
The chief executive of one of Australia’s biggest banks has laid bare the stress Aussie homeowners are going through.
Amid a resurgence in price pressures, households should wait a little longer to receive personal income tax cuts, some analysts have argued.
After a week of chilling warnings for homeowners, millions of eyes will be on the RBA on Tuesday. An expert has revealed what will happen.
Slashing the structural deficit, easing inflationary pressures, and bolstering productivity must be priorities, the Paris-based organisation has argued.
Australian shares notched a tepid bounce on Thursday following some dovish rhetoric from the US Fed and positive sentiment around half-year results from NAB.
A new report lays bare the extent of Australia’s housing crisis, and offers a grim outlook to one of Anthony Albanese’s key promises.
A new report lays bare the extent of Australia’s housing crisis, and offers a grim outlook to one of Anthony Albanese’s key promises.
Despite the decline in earnings, freshly minted NAB boss Andrew Irvine hinted that the competitive home loan market was easing.
In a move that could signal further disappointing news for homeowners here in Australia, our friends across the Pacific have made a big call.
As shoppers tightened their belts, the grocery giant said it had experienced a “noticeable shift” in consumers’ behaviours since Christmas.
Aussie shares slumped on the first day of the new month as anxieties mount about US inflation and interest rates.
Predictions for imminent rate hikes have sent struggling Australians into a spin but the RBA’s next move isn’t that simple.
Aussie stocks edged higher on Tuesday after a slump in retail sales pushed back fears of impending rate hikes.
Following a rebound in commodity prices, the local benchmark advanced to hit an all-time high on Thursday.
With 600,000 concertgoers flocking to seven sold-out Taylor Swift shows in Sydney and Melbourne, statisticians noted an impact in spending on fashion and cafes.
Shares clawed back losses from Tuesday’s session to come within less than 35 points of the benchmark’s all time high.
The softer-than-expected reading is a further sign the Reserve Bank could move to ease interest rates later this year.
The softer-than-expected reading is a further sign the Reserve Bank could move to ease interest rates later this year.
Ahead of key inflation data at home and abroad, Australia’s share market slipped on Tuesday as investors took profits.
A student who had no idea her university debt would surge has lashed Australia’s “broken” HECS system – declaring it’s becoming “impossible” for Gen Z to go to uni.
The pay packets of 2.8 million Australian workers have become the latest battle between business and unions.
The pay packets of 2.8 million Australian workers have become the latest battle between business and unions.
Ten of 11 sectors on the ASX ended the day in the green, with rate-sensitive real estate stocks and positive sentiment around Chinese growth propelling the uplift.
A key business group has claimed the generosity of previous wage hikes and cost pressures on small businesses mean some workers should have to stomach a real wages cut.
The federal government has urged Australia’s wage umpire not to use incoming tax relief as an excuse to halt lifting wages.
Supermarket catalogues from a decade ago to just four years ago show how prices have jumped exponentially.
Australian homeowners are feeling the pinch as mortgage delinquencies reached their highest point following the RBA’s November rate hike.
A new RBA report has revealed some Australians are spending more than they earn on servicing their mortgage, as the bank refuses to rule out more rate hikes.
A new RBA report has revealed some Australians are spending more than they earn on servicing their mortgage, as the bank refuses to rule out more rate hikes.
The ASX booked a ‘relief rally’ on Thursday on the back of a US Federal Reserve meeting that maintained its outlook for three rate cuts in 2024.
There were hopes of a series of rates cuts coming soon, but hopes have been dashed by shock new figures today.
The Australian sharemarket has edged lower after a day of choppy trading as cautious investors await the all-important US Federal Reserve meeting.
Three forces are bearing down fast on the Aussie economy. If they converge, interest rates look set to drop to an extreme degree.
The RBA governor gave few clues on when households could expect rate relief – but there is one glimmer of hope for mortgage holders.
The RBA governor gave few clues on when households could expect rate relief after keeping rates on hold for a third straight meeting.
The RBA governor gave few clues on when households could expect rate relief after keeping rates on hold for a third straight meeting.
Australia’s surging mining giants pushed the ASX higher on the day the Reserve Bank left the cash rate unchanged.
The Reserve Bank of Australia has left interest rates on hold for a third consecutive meeting, but when it comes to the outlook, it’s “not ruling anything in or out”.
Original URL: https://www.themercury.com.au/business/economy/interest-rates/page/5