basis point increase

Borrowers are facing the prospect of further rate pain when the Reserve Bank board convenes for its final meeting of the year. Delivering her first rate hike to 4.35 per cent as RBA boss on Tuesday, governor Michele Bullock flagged that…

It’s the Melbourne Cup rate rise that the big banks are betting on, but one leading economist has broken ranks to urge the Reserve Bank to hold fire.Interest rates are set to rise on Melbourne Cup Day according to most experts, with…

Struggling homeowners are set to get the cash injection they deserve thanks to a leading finance expert opening his wallet in a bid to ease the burden of rising interest rates.On Tuesday, the number of consecutive rate rises by the Reserve…

Philip Lowe is set to face a grilling today amid growing calls for the embattled Reserve Bank boss to step down.Dr Lowe is scheduled to testify before a Senate Estimates hearing at 11.15am on Thursday, followed by a House committee on…

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 Australian share market has plunged sharply following Wednesday’s “jumbo” rate hike by the US Federal Reserve.The benchmark S&P/ASX 200 index was down 2 per cent to 6845 points just before 11am on Thursday, while the broader All…

Desperate homeowners slammed by seven consecutive rate rises are being forced to sell up with the number of distressed listings nationwide jumping by more than 15 per cent since May, new research has shown.Interest rates have risen from a…

Australians are bracing for the seventh consecutive interest rate rise as cost of living pressures show no sign of easing. The latest inflation report found that Australia’s consumer price index has risen by 7.3 per cent in the past…

Aussies are set to be slammed by further interest rate hikes and the skyrocketing cost of living with new analysis revealing the suburbs across the country that could be most at risk of losing their homes.Falling house prices are also…