Higher interest rates are coming – could something even worse follow?
Amid uncertainty about the war in Iran and the AI boom, “the world economy could tip abruptly into a downturn”.
RBA
Millions of Aussies expected to be burnt after another scorching inflation read
It wasn’t so long ago that a rate hike looked unlikely. Now, leading economists are weighing up whether two more might be on the table.
Live updates: Inflation comes in hotter than expected ahead of RBA’s rate call
Headline inflation has risen to 4.3 per cent, higher than economists had expected, ahead of the RBA’s second-last rates decision of the year.
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- Money
‘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.
‘Materially worse’ inflation outlook sends November rate hike odds surging
A festive nightmare is brewing for Aussie borrowers as the chances of a November rate hike soar.
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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.
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- Federal politics
Who Aussies blame for hip pocket blow and where they are cutting back
More than half of Australians have blamed the federal government for the cash rate reaching a 15-year high as persistent inflation forces many to cut down on spending.
Struggling Aussies hit with another rates blow
However, it wasn’t all doom and gloom for Aussies.
Minister calls for banks to absorb card surcharge pain
A Labor frontbencher has urged the Reserve Bank of Australia to pressure banks to absorb the cost of the card surcharge ban.
- Explainer
- Australian economy
Is a recession coming? Economist warns another rate hike could push Australia towards the brink
As major banks prepare for a November rate hike, a leading economist warns one more move could plunge Australia into recession.