rate rises

Australians are flocking to Google with their mortgage woes and one in 50 homeowners are in “severe financial stress” amid back-to-back interest rate hikes over the past 18 months. The Reserve Bank of Australia (RBA) revealed on Friday that…

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…

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,…

It is an inherent characteristic of social and political elites that they treat populists with either fear or scorn: Scorn when they are considered unthreatening and fear when the threat inevitably becomes real.But what is most remarkable…

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…

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…

A billionaire developer has claimed the country is destined for recession without urgent government intervention, and has also blasted the RBA’s handling of our inflation crisis.Speaking to Seven News reporter Chris Reason this week,…

A staggering number of Aussie businesses are planning to lay off staff in 2023 as the grim economic conditions plaguing the globe start to wreak havoc locally as well. Almost two in five business leaders (38 per cent) expect to let…

Finance guru Mark Bouris says he is hearing rumours of distressed homeowners quietly selling their properties in a “bad indicator” for the market.The executive chairman of mortgage broker Yellow Brick Road on Wednesday issued a dire…

When the Reseve Bank of Australia (RBA) left interest rates on hold in April for the first time in 10 meetings, there was a widespread perception that rate rises were over and a slowing domestic economy would keep the RBA quite…