Philip Lowe

Just about everywhere you look, there are worsening signs that Australia is no longer the lucky country.From record-high rents to skyrocketing mortgages, a cost-of-living crisis to the alarming emergence of a ‘working poor’ population, the…

RBA governor Michele Bullock has sparked backlash for suggesting Australians going for haircuts and dentist visits are to blame for high inflation.Hinting that further interest rate pain may be on the way to tackle “homegrown” inflation,…

A few short weeks later financial markets are fast reappraising the appointment. Market pricing and scuttlebutt are concerned that Bullock’s promotion was political and Treasurer Jim Chalmers has an undue influence over monetary policy.Bad…

Unreleased modelling from the Reserve Bank suggested there was a one-in-two chance of Australia avoiding a recession, with another scenario placing that risk as high as 65 to 80 per cent. In an email written by an RBA analyst sent in…

More than 700,000 people are expected to move to Australia by the end of next year, adding to the squeeze on the nation’s already very tight rental market.The Albanese government’s second budget handed down on Tuesday night is forecasting a…

Inflation will decline faster than expected as the economy strains under the weight of rapid rate rises, the cost of living and soaring rents, the Reserve Bank says. In an economic update released just days out from the federal budget, the…

Tuesday’s decision to hike interest rates to 3.85 per cent sent shockwaves through the country but Reserve Bank of Australia (RBA) boss Philip Lowe has defended the central bank’s painful move.The 0.25 per cent increase to interest rates…

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…

A leading finance expert has unleashed a scathing attack on the Reserve Bank of Australia’s (RBA) decision to hike interest rates for an 11th time, labelling the move a “slap in the face” for mortgage holders. On Tuesday, the cash rate was…

Australians will be on a knife edge to see whether more pain will be inflicted on them by interest rate rises following one of the most aggressive rate hike cycles from the Reserve Bank of Australia in recent times.Last month, the RBA chose…