RBA
Lowe’s last stand: RBA governor to face MPs one more time
Every six months, the RBA governor is quizzed by federal MPs. Philip Lowe faces his last federal grilling on Friday.
- by Shane Wright
Latest
Wary consumers fear RBA is not done with rate rises
As evidence mounts that consumers are shutting their wallets, a key measure of confidence actually fell despite interest rates remaining steady.
- by Shane Wright
Economy could shrink under interest rates and tax: RBA
The economy is facing its worst non-pandemic year since the 1990-91 recession as high interest rates, inflation and taxes hit the nation’s consumers.
- by Shane Wright
Rate cuts tipped for next year as shoppers slash spending like it’s 1991
The biggest fall in the volume of goods bought by shoppers in over 30 years has economists warning the Reserve Bank will have to cut interest rates in 2024.
- by Shane Wright
Record numbers take on second job as inflation nears 10 per cent for many
Natasha Piccolo is one of almost a million Australians now working more than one job as inflation for families with a mortgage reaches its highest level since the mid-1980s.
- by Shane Wright and Olivia Ireland
Updated
Interest rates
Respite for mortgage holders as RBA holds rates steady for second month
Home buyers, renters and businesses could be spared any further financial pain after the RBA again left the cash rate at 4.1 per cent while signalling the economy is on track for a soft landing.
- by Shane Wright and Rachel Clun
Analysis
Interest rates
Has the interest rate summit been reached?
Reserve Bank governor Philip Lowe may have finally planted his flag at the top of Mount Interest Rate.
- by Shane Wright
How the average family was left more than $300,000 out of pocket
Despite the latest pause, the string of interest rate rises over the past year have squeezed many households in ways they didn’t expect.
- by Elizabeth Redman
Opinion
Property market
Why the reinflating house price bubble might run out of puff
Most economists still believe house prices will rise this year, but they are far more equivocal about the clouded crystal ball.
- by Elizabeth Knight
RBA mulls one more rate rise as borrowers tap into savings
Australians are using savings built up during the COVID-19 pandemic to weather cost-of-living pressures even as house values continue to climb.
- by Shane Wright
Opinion
Interest rates
Another rise in interest rates? We’ve probably had enough already
Whatever decision the Reserve Bank board makes about rates tomorrow – at governor Philip Lowe’s second-last meeting – the stronger case is for no increase.
- by Ross Gittins