Philip Lowe

The Reserve Bank is tipped to keep rates on hold for the second month in a row after inflation data last week came in below forecasts.Most economists and financial markets are predicting the official cash rate will stay at 3.6 per cent when…

Few Aussies predict the Reserve Bank will lower interest rates this year as a new poll has revealed many are avoiding new loans unless necessary.The poll, of more than 1000 people by Money.com.au, found only 15 per cent of those surveyed…

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…

Hospitality businesses are the highest at risk of going under, with the construction sector following closely behind. A CreditorWatch business risk index report found the food and beverage sector remains the most at risk of insolvency with…

The number of rate hikes per year will be slashed under sweeping changes that would hand the Reserve Bank’s power to set interest rates to a newly established board. Under the central bank’s first major overhaul since the 1990s, the RBA…

The Reserve Bank governor will hold press conferences after each meeting on interest rates to explain decisions to homeowners under a huge shake up of the central bank.In a landmark report that outlines the lessons learned during the Covid…

The Reserve Bank is set to be split into two boards, with one solely focused on interest rates, in a major shake-up idea expected to be adopted by the government. On Thursday Treasurer Jim Chalmers will release the RBA review report – “An…

More Aussie businesses are collapsing now than before the pandemic as “zombie companies” are flushed out of the system — and experts warn it will “get worse before it gets better” as consumers tighten their belts.The latest insolvency…

A small Aussie bank with no physical branches has been named the country’s best workplace for 2023.Judo Bank, a small and medium-enterprise lending focused bank that also offers some of the best retail term deposit rates on the market, has…

Younger Australians are opting to make the most of higher interest rates according to new research. Two thirds of Gen Z – aged between 18 and 29 – have placed their savings in a high interest savings account compared to half of Australians…