‘We’ve got a little bit longer to go’: RBA’s chief economist says one thing is needed to end rate rises
In a rare interview, the Reserve Bank’s assistant governor defends the rate rises punishing mortgage holders.
Interest rates
Australian consumer confidence drops quicker than nearly anywhere
Stubborn inflation and interest rate hikes are leaving Aussies among the world’s most gloomy in their economic outlook.
Bad news for Aussies as financial pain tipped to linger for years
The country’s “misery index” is back near its post-pandemic highs, with little relief expected before the end of 2028.
Unemployment shock as jobless rate hits five-year high, nearly 40,000 Aussies fall out of work
The unemployment rate has unexpectedly jumped to a post-COVID high for the second month in a row after nearly 40,000 fell out of work.
Major bank to phase out popular high-interest savings account for new customers
The account was one of the reasons why the bank managed to amass 2.3 million customers.
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Struggling Aussies hit with another rates blow
However, it wasn’t all doom and gloom for Aussies.
Risk of economic crisis hitting Australia rises, RBA warns
Wars and AI are the potential catalysts for severe financial crises.
Big four banks hike interest rates after RBA decision
The RBA increased the official rate to 4.60 per cent, which is an almost 15-year high.
Inflation data As It Happened: Inflation surges to three-month high after rate hike
A day after copping a major cost-of-living blow, Australia has just got a clue about whether another one is coming our way.
RBA’s blunt warning for borrowers as inflation continues to bite
As painful as the Reserve Bank of Australia’s fourth interest rate hike for the year will be, it’s not necessarily the end of the road for struggling Australians.