Cash rate decision

RBA: Recession risk downplayed despite interest rate rise concerns

On: June 6, 2023

Finance Minister Katy Gallagher has downplayed fears Australia is hurtling towards a recession after the Reserve Bank foreshadowed more interest rate pain in the coming months. The central bank hiked the cash rate for the 12th time since May last year to 4.10 per cent – the highest level sinceContinue Reading

Australia’s big four banks react to 0.25 per cent rate rise in December

Finance

By: admin

On: December 6, 2022

Three of the four Big Four banks have announced they will pass on the latest interest rate hike. Australian’s worst fears were confirmed on Tuesday with the Reserve Bank of Australia pushing up interest rates for the eighth consecutive month. The RBA increased rates another 0.25 per cent in DecemberContinue Reading