The Reserve Bank of Australia will not be influenced by recent rate cuts abroad, freshly appointed deputy governor Andrew Hausen has signalled, after Canadian and European central bankers lowered interest rates this week. In his first public remarks since his appointment to the position in November, Mr Hauser, who wasContinue Reading
Commonwealth Bank Australia (CBA) is hoping to win refinancers looking to leave rival banks with a new 6.15 per cent digital home loan. The offer, which was announced on Monday, is available to owner-occupier borrowers who have a 40 per cent deposit, and are willing to enter a principal andContinue Reading
The new governor of Australia’s central bank is poised to make a decision on the nation’s interest rates just days into the new job. Michele Bullock took over Philip Lowe’s role at the Reserve Bank of Australia (RBA) earlier this month, with her first monthly meeting taking place on TuesdayContinue Reading
Prime Minister Anthony Albanese has a lot to worry about, but the threat of global inflationary pressures are keeping him at night, he has revealed. As the Reserve Bank wrestles to keep domestic inflation under control, the PM told a breakfast in Perth that the international outlook on price pressures,Continue Reading
New Covid-19 reporting requirements in one state has skewed the national data, with the country recording a 25 per cent drop in positive cases in one week. Australia recorded 9,740 new cases of the virus in the week leading up to July 4, with the majority of those being recordedContinue Reading
In a sign Australia’s economy is a step closer to normal, inflation retreated to 5.6 per cent in the twelve months to May, a sharper than expected decline from the April figures and well below the December peak. The smallest increase to inflation in 13 months, the latest CPI figuresContinue Reading
In a sign Australia’s economy is a step closer to normal, inflation retreated to 5.6 per cent in the twelve months to May, a sharper than expected decline from the April figures and well below the December peak. The smallest increase to inflation in 13 months, the latest CPI figuresContinue Reading
The Reserve Bank of Australia (RBA) has lifted the official cash rate by 4.0 per cent in only 13 calendar months, which is the steepest and largest monetary tightening in the nation’s history. According to independent economist Tarric Brooker, the RBA’s rate increases have lifted mortgage interest repayments an unprecedentedContinue Reading
Upon the release of the latest UK inflation data, Britain became the cautionary tale for the RBA and central banks around the world. It revealed that core inflation (inflation excluding food and energy) in Britain rose to a 31-year high of 6.8 per cent, 0.5 per cent higher than theContinue Reading
Amid rising inflationary pressures, the Reserve Bank of Australia (RBA) finds itself at another juncture, contemplating the possibility of not one, but two additional cash rate increases in the coming months. According to leading economic research firm Capital Economics, the RBA may need to wield its monetary policy tools moreContinue Reading