basis point

More mortgage pain has been passed onto Australian homeowners with three of the big four banks announcing they will increase interest rates just one day after the Reserve Bank delivered a Melbourne Cup hike. NAB was the first big bank to…

Reserve Bank Australia’s boss Philip Lowe isn’t just trying to rein in Aussies’ spending by jacking up interest rates – he’s also trying to “psychologically” manipulate us.Jawboning, as it’s known, refers to when powerful figures such as…

Australia’s official cash rate has been lifted to 3.35 per cent, with Reserve Bank governor Philip Lowe hiking rates by 25 basis points in an effort to lower inflation. Analysts had predicted the 25 basis point increase; however, some…

A leading economist has issued a warning that the Reserve Bank of Australia (RBA) could be doing “too much too late” to curb rising inflation rates ahead of their Tuesday meeting. The RBA is holding its first meeting of the year later on…

The big four banks all seem to be in agreement that Australians are about to get slammed with another significant interest rate hike.On Tuesday, the Reserve Bank of Australia will hold its first monthly meeting of the year where it is…

The Reserve Bank has reserved the decision to return to 50 basis point rate rises in the new year, as it delivered an alarming warning to Australian mortgage holders. Earlier this month, the central bank pushed up the cash rate by 25 basis…

Homeowners are expected to be slugged with hundreds of dollars extra in mortgage repayments as another nightmare rate hike is expected, with the Reserve Bank of Australia tipped to push through another super-sized interest rate rise of 0.5…