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
The Reserve Bank has spared borrowers fresh pain, but households holding out for rate cuts have had their hopes dashed with relief still expected to be months away. In a statement after the decision was announced at 2.30pm on Tuesday, the RBA said “a further increase in interest rates cannotContinue Reading
Reserve Bank governor Michele Bullock isn’t ready to cut interest rates just yet. But after the central bank’s aggressive campaign to quash demand and cool price pressures, delivering blow after blow to homeowners, the focus of economists and analysts has pivoted to the timing and speed of a rates reprieve.Continue Reading
Inflation’s broad slowdown continued in November, easing borrowers’ fears of a further interest rate increase at the Reserve Bank’s February meeting. The latest consumer price index figures showed annual inflation slowed to 4.3 per cent in November, down from October’s 4.9 per cent increase, the Australian Bureau of Statistics saidContinue Reading
Borrowers hoping for reprieve from high interest rates may have to wait longer still with impending inflation data set to give the Reserve Bank clues on whether rate cuts can be contemplated. In recent days, money markets have pushed out the timing of an expected easing in interest rates withContinue Reading
The ranks of the Reserve Bank are set to be bolstered following the appointment of a top official from UK’s central bank. Following a 31-year stint at the Bank of England, Andrew Hauser, who has most recently led the markets division, will join the RBA as deputy governor. In hisContinue Reading
Reserve Bank governor Michele Bullock has dealt a fresh blow to borrowers with a 13th interest rate rise while cautioning that inflation will be higher in 2024 than previously expected. Ms Bullock said Tuesday’s decision to lift rates by 25 basis points to 4.35 per cent was necessary as progressContinue Reading
Right now Australia’s central bank is deliberating on whether to hike interest rates yet again in a move that will determine the fate of millions of Australians. The Reserve Bank of Australia (RBA) is holding another interest rates meeting on Tuesday afternoon. And experts and financial markets are expecting anotherContinue Reading
A young Brisbane couple have been forced to sell their dream home after they could no longer afford the repayments. The cash rate currently sits at 4.1 per cent, the highest it has been since 2011, and Aussies aren’t just feeling the pinch — they are going under. Alex Mackley,Continue Reading
Yet another expert has issued a grim recession warning, predicting a downturn was “pretty likely” with far more financial turmoil ahead. Speaking with the Financial Times this week, former US Treasury Secretary Henry “Hank” Paulson joined the growing chorus of insiders who believe a US recession is now all butContinue Reading