Dollar surges, share market stumbles in warning of potential interest rate hike
The Australian dollar did something it hasn’t done for months, but it’s not good news for a large portion of the country.
Michele Bullock
Aussies hit by four-year wage slump in fresh cost-of-living blow
Wage growth has hit a four-year low, leaving paychecks trailing behind stubborn living costs.
Forget the headlines about rates relief, read between the lines there’s more misery ahead
The Reserve Bank’s latest interest rates hold doesn’t do anything for mortgage holders now and comes with a sting in the tail: repeated threats of more pain to come.
RBA dangles rate hike threat after brief moment of relief
The central bank didn’t hand down another hike, but there wasn’t anything to celebrate for weary households.
- Analysis
- Cost of living
The $4100 hammer blow crushing Australians everywhere
Inflation figures on Wednesday might have been a welcome surprise, but they didn’t change one brutal truth facing households.
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RBA governor issues unusually candid warning to every household
Michele Bullock flagged that more pain may be needed.
Interest rate cut all but ruled out until 2027
Weary borrowers have a long wait ahead, with a cut to rates all but ruled out until well into next year.
Aussies warned to brace for two more years of pain
The Reserve Bank of Australia is forecasting a long battle to rein in inflation.
- Analysis
- Australian economy
Aussies warned of short-lived reprieve ahead of rate decision
The Reserve Bank of Australia (RBA) is tipped to hold interest rates today, but experts warn the news will be a short-lived reprieve for households.
Is Australia careening towards recession? The RBA just gave its take
Michele Bullock has poured cold water on that fear – although conceded times are still tough.