cash rate

Australians are flocking to Google with their mortgage woes and one in 50 homeowners are in “severe financial stress” amid back-to-back interest rate hikes over the past 18 months. The Reserve Bank of Australia (RBA) revealed on Friday that…

For anyone planning a trip to the US in the coming months, the sudden and substantial increase in the Australian dollar will come as welcome news.Against the US dollar, our currency has added nearly 5 per cent over November, the biggest…

With inflation falling faster than expected the Reserve Bank of Australia could shift into “neutral” over the summer, experts predict, with mixed results for struggling homeowners. The Australian Bureau of Statistics revealed on Wednesday…

The Australian share market rebounded on Tuesday as investors await fresh monthly inflation data scheduled for release on Wednesday.The benchmark index, the S&P/ASX200 added 0.4 per cent, or 27.6 points, to reach 7015.2 at the closing…

RBA governor Michele Bullock has sparked backlash for suggesting Australians going for haircuts and dentist visits are to blame for high inflation.Hinting that further interest rate pain may be on the way to tackle “homegrown” inflation,…

NAB has increased its fixed term rates just hours after its chief economist issued a chilling warning of another interest rate hike in 2024.Alan Oster said he expected rates to peak early in the new year, before falling slowly from November…

Australia’s inflation problem is increasingly “homegrown” as imported cost pressures continue to wane, Reserve Bank governor Michele Bullock has warned.In an address to the Australian Business Economists network in Sydney on Wednesday…

Delaying the Melbourne Cup Day rate hike would have risked a more aggressive increase to interest rates in the months ahead, fresh meeting minutes released by the Reserve Bank have revealed.The RBA, in its November 7 board minutes released…

A prominent Australian economist has feared the Reserve Bank of Australia’s (RBA) “over egged” Tuesday’s interest rate rise, which now has the “genuine” potential to push the country into a recession. Stephen Koukoulas, who was previously…

Australia’s biggest bank has hit Australian homeowners with an interest rate increase, the last of the Big Four to follow the Reserve Bank of Australia’s Melbourne Cup hike on Tuesday. Commonwealth Bank will increase its variable home loan…