rate hike

Reserve Bank governor Michele Bullock has maintained the central bank has a “low tolerance” for price pressures to stay higher for longer, opening the door for a 13th rate hike on Melbourne Cup Day. Hotter-than-expected inflation data,…

Despite catastrophic predictions of the fixed rate mortgage ‘cliff’ that has generated headlines for months and sowed fears of widespread defaults and increasing arrears, household borrowers have, so far, weathered the interest rate…

Central banks worldwide are grappling with the challenge of curbing inflation, but there’s one nation that is facing a particularly severe crisis in what is now being dubbed the post-Covid economy. In an attempt to address its alarming…

The European Central Bank delivered the smallest interest-rate increase yet in its battle with persistently strong inflation but insisted that the move won’t be the last. Officials raised the deposit rate by a quarter-point to 3.25%,…

Commonwealth Bank has raised interest rates following other big four banks following the Reserve Bank’s latest hike. CBA lifted its variable home loan rates by 0.25 per cent, in a move that’s matched Westpac, ANZ, and NAB. Westpac and the…

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…

Australians have been dealt a fresh blow as the Reserve Bank of Australia shocked most experts by hiking interest rates by 0.25 per cent to 3.85 per cent — now the first of the big four banks has responded to the news.NAB’s standard…

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…

Australia’s house price recovery continued in April, with PropTrack’s dwelling values index recording a 0.1 per cent monthly rise to be up 1.4 per cent from its December trough.Sydney, the market which led the downturn, is now leading the…