interest rate hike

This month, the Albanese government has broken three records for poor economic management and declining living standards.The first of these records relates to Australia’s real household disposable income, which is arguably the single best…

More than one in four Australians do not have any savings in their bank accounts, while more than two-thirds are in debt, a shocking new survey suggests.The troubling figures come during a period of relative economic strength with…

Descrease article font size Increase article font size Chair Jerome Powell indicated Friday that the Federal Reserve will likely forgo an increase in its benchmark interest…

The Bank of Canada is facing renewed calls for another interest rate hike after a surprise uptick in inflation last month. The annual inflation rate in April rose slightly to 4.4 per cent, compared with 4.3 per cent in March,…

India’s retail inflation easing to an 18-month low of 4.70 per cent in April on an annual basis as against 5.66 per cent in March will support Reserve Bank of India’s (RBI) decision to maintain a rate pause stance, said economists. “The RBI…

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…

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…

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,…

Against the odds, Australian house prices are rising in the face of ongoing interest rate rises.PropTrack’s dwelling values index recorded a 0.2 per cent rise in February, which followed January’s 0.1 per cent increase.Based on the rebound…

Shares of embattled Credit Suisse skyrocketed on Thursday after announcing it would borrow up to $53.7 billion from the Swiss central bank, calming markets following the worst trading day in its history.Shares in Switzerland’s second…