rate hike

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Interest rates rose for the tenth consecutive time in March – hiked by 0.25 per cent taking them to a decade high of 3.6 per cent – and now the first major banks have responded.NAB announced its standard variable home loan interest rate…

A looming 10th rate hike has stoked fears Australia could be poised to plunge into a recession as Jacqui Lambie warns voters to prepare for the worst. The Reserve Bank is expected to lift the official cash rate to a decade high of 3.6 per…

Some of Australia’s biggest banks are ripping off customers when it comes to their returns from savings accounts.That’s according to independent analysis from comparison website Canstar, released on Thursday. It comes after the Reserve Bank…

Australia’s top union boss has slammed the Reserve Bank as being out of touch with the rest of the country and driving low income earners into financial ruin. It comes after the RBA brought up the cash rate by 25 basis points on Tuesday,…

The chance of Australia plunging into recession has risen as high as 70 per cent, according to some economists, on the back of the Reserve Bank of Australia’s aggressive rate hikes which at this stage have no end in sight.With nine…

With the latest cash rate increase by the RBA, one bank’s “disgusting” move shows how Aussies are facing a double blow to their finances.The Reserve Bank on Tuesday raised the official cash rate by another 25 basis points to 3.35 per cent,…

Today host Karl Stefanovic has unleashed in a savage rant on air after the RBA has issued its ninth consecutive rate hike. RBA Governor Philip Lowe announced the bank would be hiking interest rates by another 25 basis points on Tuesday,…

The big four banks all seem to be in agreement that Australians are about to get slammed with another significant interest rate hike.On Tuesday, the Reserve Bank of Australia will hold its first monthly meeting of the year where it is…

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