rate rises

There are warnings that the federal budget could see interest rates hiked above 4.1 per cent, plunging Australians into a world of financial pain.Betashares chief economist David Bassanese said Treasurer Jim Chalmers’ budget was…

A Melbourne businessman is copping backlash over an “obscene” display of wealth during a time when so many Aussies are struggling.Skyrocketing inflation and rate rises combined with the worsening housing and rental crisis means millions of…

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…

Tuesday’s decision to hike interest rates to 3.85 per cent sent shockwaves through the country but Reserve Bank of Australia (RBA) boss Philip Lowe has defended the central bank’s painful move.The 0.25 per cent increase to interest rates…

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…

Australians will be on a knife edge to see whether more pain will be inflicted on them by interest rate rises following one of the most aggressive rate hike cycles from the Reserve Bank of Australia in recent times.Last month, the RBA chose…

NAB is the latest bank to announce that it will decrease its fixed home loan rates after the Reserve Bank paused interest rate rises for the first time in months. The bank’s three-year fixed terms will experience the highest cuts with…

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…

One of the nation’s biggest consultancy firms has spectacularly unleashed on the Reserve Bank of Australia, slamming the board for “tempting fate” and putting the economy “on a knife-edge”.According to the newly-released Deloitte Access…