consecutive rate rises

Australians have been dealt a fresh blow as the Reserve Bank of Australia shocked most experts by hiking interest rates by 0.25 per cent to 3.85 per cent — now the first of the big four banks has responded to the news.NAB’s standard…

Australians are anxiously waiting as the Reserve Bank decides whether to raise interest rates again. It’s widely expected the central bank will hold the cash rate steady at 3.6 per cent at Tuesday’s board meeting. If so, it would be the…

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…

One of the nation’s biggest consultancy firms has spectacularly unleashed on the Reserve Bank of Australia, slamming the board for “tempting fate” and putting the economy “on a knife-edge”.According to the newly-released Deloitte Access…

Yet another expert has issued a grim recession warning, predicting a downturn was “pretty likely” with far more financial turmoil ahead.Speaking with the Financial Times this week, former US Treasury Secretary Henry “Hank” Paulson joined…

After slugging hardworking Aussies with 10 consecutive rate rises and failing to curb inflation, Reserve Bank of Australia officials have finally admitted they “did a terrible job”.Speaking at a panel in Melbourne on Wednesday, Ian Harper,…

The world is hurtling towards a recession, with the risks skyrocketing for richer nations – including Australia. That’s according to the International Monetary Fund (IMF), which issued to the dire warning in its World Economic Outlook…

Australians have been warned a dire new international forecast showing the world faces the worst five years for economic growth in more than three decades may play into the upcoming federal budget.Treasurer Jim Chalmers said on Friday the…

After 10 consecutive interest rate rises by the Reserve Bank of Australia (RBA), an unlikely loser has emerged.While mortgage holders have been hit hard since May last year when the RBA began hiking the official cash rate, there has been…

An alarming new report has weighed in on a “looming recession” headed our way within months – but what does it all mean for Aussies?According to a new Econosights report by AMP senior economist Diana Mousina, “predictions of an approaching…