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Sign borrowers will be spared rate rise

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…

Jobs least likely to get a pay rise in 2024

Most Australians have been warned they shouldn’t expect a decent pay rise in 2024, with a new survey revealing the jobs where employers are least likely to offer a pay rise above inflation.The Robert Walters 2024 Salary Survey of more than…

‘Over egged’ rate rise could cause recession

A prominent Australian economist has feared the Reserve Bank of Australia’s (RBA) “over egged” Tuesday’s interest rate rise, which now has the “genuine” potential to push the country into a recession. Stephen Koukoulas, who was previously…

The case against a Melbourne Cup rate rise

It’s the Melbourne Cup rate rise that the big banks are betting on, but one leading economist has broken ranks to urge the Reserve Bank to hold fire.Interest rates are set to rise on Melbourne Cup Day according to most experts, with…

Shock mortgage stat ahead of likely rate rise

With another interest rate rise tipped for Tuesday, a survey from Compare the Market has revealed that 12 per cent of Aussies were behind on their mortgage repayments in August. But, according to an earlier Compare the Market survey, in…