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rates

Economy

High interest rates costing budget billions

Azeem
Australian taxpayers will be soon paying more on interest rates than the National Disability Insurance Scheme, according to figures to be released in the latest economic update. The mid-year economic update, to be unveiled by Treasurer Jim…
Economy

ASX climbs despite grim rates warning

Azeem
The Australian share market rose on Tuesday as traders shrugged off the release of new Reserve Bank board minutes which showed it was prepared to hike interest rates again. The S&P/ASX200 added 0.3 per cent, or 19.8 points, to close at…
Economy

More rental pain as vacancy rates fall

Azeem
Prospective rental tenants across the country face even tougher conditions after the national vacancy rate dropped to its lowest level on record.The vacancy rate slumped to 1.02 per cent in October marking a 0.6 percentage point slide from…
Economy

Borrowers risk further rates pain

Azeem
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…
Economy

RBA lifts interest rates to 4.35%

Azeem
The Reserve Bank of Australia (RBA) has increased the official cash rate to 4.35 per cent at its November meeting, delivering fresh cost of living pain to Aussies ahead of Christmas.The rise, which is expected to be passed on in full by the…
Economy

Two banks hike rates ahead of RBA decision

Azeem
Two popular Aussie banks have hiked interest rates days before the Reserve Bank of Australia is forecast to set another increase. ANZ, Australia’s fourth largest bank, increased its fixed rates by up to 0.35 percentage points for both…