cash rate hikes

A finance expert has lashed the RBA, accusing it of failing to control inflation – and sharing a grim prediction for Aussie homeowners.Michael Every, global strategist at Rabobank, told the ABC’s The Business this week that the RBA had done…

While the Reserve Bank of Australia handed down a 10th consecutive rate rise on Tuesday, the extent of the interest rate carnage will depend on one key figure: Australia’s inflation rate. In 49 days, when January’s Consumer Price Index…

NSW Premier Dominic Perrottet has called on the banks to think twice before passing on Tuesday’s Reserve Bank (RBA) rate hike, imploring financial institutions to “look after” struggling families. Australia’s interest rate now sits at 3.35…

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…

Interest rate rises have taken their toll on the mortgage market, with the value of new loans dropping for the ninth month in a row. New home loans have hit their lowest value since December 2020, with $25.79 billion in mortgages approved…