interest rate rise

Households are almost certain to be spared another rate rise when the Reserve Bank’s board convenes for its final meeting of 2023 next week after inflation eased in October. The latest consumer price index figures, released by the…

Christmas may be at risk after a major supply chain disruption due to a cyber attack shut down Australian sea ports last Friday.DP World, which manages 40 per cent of Australia’s container shipments, was hit by the cyber attack late last…

It’s the single graph that tells homeowners everything they need to know about what the future holds for interest rates and when they will start falling.And the news is grim for the next year according to financial markets, with another…

Treasurer Jim Chalmers has been urged to overturn the RBA’s shock decision to hike rates.Amid fears the latest hike could result in a recession, the government has been urged to take the unprecedented step of direct intervention. “The RBA’s…

A so-called fixed-rate mortgage cliff is about to hit nearly 900,000 Australians who took advantage of cheap home loans during the Covid pandemic.The Reserve Bank (RBA) provided banks access to three-year fixed rate credit as part of their…

Retail trade was flat in February, rising just 0.2 per cent according to the latest figures from the Australian Bureau of Statistics (ABS), off the back of a 1.8 per cent rise in January.The Retail Trade report, released on Tuesday morning,…

Households are bracing for interest rates to hit the highest level in a decade on Tuesday, but at least one economist says that still won’t be high enough to keep the economy strong.The Reserve Bank is expected to announce at 2.30pm the…

Some of Australia’s biggest banks are ripping off customers when it comes to their returns from savings accounts.That’s according to independent analysis from comparison website Canstar, released on Thursday. It comes after the Reserve Bank…

There are fears a “financial earthquake” causing widespread distress is going to hit globally, with a warning issued by the world’s leading expert on debt crises.The rapid rate of interest rates rises across the globe, with eight…

It’s impossible to predict the future but there is one way to get an indication of what will happen to Australian house prices in 2023 – and that’s to look over the ditch. Since the Reserve Bank of New Zealand (RBNZ) kicked off the current…