A leading analyst has revealed the impact a feared interest rate rise would have on Australia’s property markets, declaring “some cracks are already showing”. The monthly measure of inflation for the year to May, released last week, hit four per cent, which was above expectations and marked the highest rateContinue Reading
The potential of an interest rate rise in November could give some punters pause for thought as they plan their Melbourne Cup Day bets. Two major data releases over the next three weeks will play a major role in the Reserve Bank of Australia’s (RBA) November 7 meeting, their penultimateContinue Reading
In dire news for Australians struggling with the cost of living crisis, some economists have warned interest rates won’t begin falling until 2025. Bond markets, which forecast future interest rates, are suggesting that interest rate cuts may no longer be on the cards for 2024, and it’s a view sharedContinue Reading
Outgoing Reserve Bank governor Philip Lowe has delivered Australian homeowners a well-deserved break on rate increases, signalling for the first time since May last year that the latest economic data is aligned with bringing inflation back to target. The pause will give the RBA more time to assess the impactContinue Reading
The Reserve Bank has offered millions of Australian mortgage holders a brief reprieve, deciding to leave the cash rate at 4.1 per cent for the time being, sparking warnings further hikes could be needed soon. While still at its highest level since April 2012, inflation was trending downwards on aContinue Reading
Since inflation first broke above the RBA’s 2-3 per cent target range in June of 2021 for the first time in a decade, things have only gotten ever more challenging for Australian households. At first, the inflation issue was not seen as all that serious, with the RBA joining theContinue Reading
Despite the crisis in banking which many have put down to interest rate rises, they’re still going up. The US Federal Reserve raised its benchmark lending rate on Wednesday, as it sought to strike a balance between curbing high inflation and averting further upheaval in the commercial banking sector. TheContinue Reading
As expected, the Reserve Bank of Australia (RBA) on Tuesday lifted the official cash rate (OCR) another 0.25 per cent to 3.6 per cent. It was the tenth consecutive rate hike and has taken the OCR to its highest level since 2012: The increase in the OCR has more thanContinue Reading