percentage point rise

When it comes to the intergenerational debate between Baby Boomers and younger people, there is one talking point that almost always get trotted out: How Boomers at one point paid 17 per cent interest rates on mortgages.The debate about…

Australia’s official cash rate has been lifted to 3.35 per cent, with Reserve Bank governor Philip Lowe hiking rates by 25 basis points in an effort to lower inflation. Analysts had predicted the 25 basis point increase; however, some…

A German investment bank has issued a grim prediction for Australia’s 2023 economy, warning of a dire 12 months ahead for the country. Deutsche Bank has forecast Australia to enter a recession in 2023 due to a further slowing of the economy…