rate hike

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…

With inflation falling faster than expected the Reserve Bank of Australia could shift into “neutral” over the summer, experts predict, with mixed results for struggling homeowners. The Australian Bureau of Statistics revealed on Wednesday…

The Australian share market rebounded on Tuesday as investors await fresh monthly inflation data scheduled for release on Wednesday.The benchmark index, the S&P/ASX200 added 0.4 per cent, or 27.6 points, to reach 7015.2 at the closing…

The ranks of the Reserve Bank are set to be bolstered following the appointment of a top official from UK’s central bank.Following a 31-year stint at the Bank of England, Andrew Hauser, who has most recently led the markets division, will…

A new report has revealed that Baby Boomers are on a spending spree, with travel and dining out leading their indulgences, while younger Australians are cutting back on essentials as rent and mortgage costs soar.The latest Commbank IQ data…

Australia’s inflation problem is increasingly “homegrown” as imported cost pressures continue to wane, Reserve Bank governor Michele Bullock has warned.In an address to the Australian Business Economists network in Sydney on Wednesday…

Delaying the Melbourne Cup Day rate hike would have risked a more aggressive increase to interest rates in the months ahead, fresh meeting minutes released by the Reserve Bank have revealed.The RBA, in its November 7 board minutes released…

Borrowers are facing the prospect of further rate pain when the Reserve Bank board convenes for its final meeting of the year. Delivering her first rate hike to 4.35 per cent as RBA boss on Tuesday, governor Michele Bullock flagged that…

Australia is in per capita recession. This means that the average individual’s share of economic output is shrinking.It is not a headline recession only because of rampant population growth, lifting aggregate output enough to prevent it.…

Households and businesses are bracing for another blow when the Reserve Bank meets on Melbourne Cup Day with new governor Michele Bullock widely expected to hike rates. On Monday, financial markets were pricing a near 70 per cent chance…