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Why inflation drop could stall new rate hike

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…

First big four bank follows RBA hike

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…

Two banks hike rates ahead of RBA decision

Two popular Aussie banks have hiked interest rates days before the Reserve Bank of Australia is forecast to set another increase. ANZ, Australia’s fourth largest bank, increased its fixed rates by up to 0.35 percentage points for both…

ASX rallies after US Fed pauses rate hike

The Australian share market rallied on Thursday to reach a two-week high following a positive lead from Wall St overnight after the US Federal Reserve kept rates on hold. The S & P/ASX200 climbed 0.9 per cent, or 61.4 points, to…