Household balance sheets

Gen Z Australians are saving hard to splash out on “once-in-a-lifetime” moments as part of a generational move to make up for time lost to the pandemic, according to the latest consumer survey from one of Australia’s biggest banks. NAB’s…

As expected, the Reserve Bank of Australia (RBA) on Tuesday lifted the official cash rate (OCR) another 0.25 per cent to 3.6 per cent.It was the tenth consecutive rate hike and has taken the OCR to its highest level since 2012:The increase…

The chance of Australia plunging into recession has risen as high as 70 per cent, according to some economists, on the back of the Reserve Bank of Australia’s aggressive rate hikes which at this stage have no end in sight.With nine…

Today host Karl Stefanovic has unleashed in a savage rant on air after the RBA has issued its ninth consecutive rate hike. RBA Governor Philip Lowe announced the bank would be hiking interest rates by another 25 basis points on Tuesday,…