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Latest news: Interest Rate

Coalition, Labor miss the mark on $347b spending claim

Coalition, Labor miss the mark on $347b spending claim

The opposition's claim Labor has added $350 billion in spending omits the impact of inflation, while Labor's response misconstrues the coalition's planned cuts.

Global uncertainty played a role in rate cut: RBA

Global uncertainty played a role in rate cut: RBA

Global uncertainty played a role in rate cut: RBA

Global uncertainty played a role in rate cut: RBA

Slowing inflation helped convince the Reserve Bank to cut rates at its last meeting but uncertainty over tariffs was also a factor, the deputy governor says.

Hazy outlook fuels Reserve Bank caution on disinflation

Hazy outlook fuels Reserve Bank caution on disinflation

Hazy outlook fuels Reserve Bank caution on disinflation

Hazy outlook fuels Reserve Bank caution on disinflation

Caution has been urged over future cash rate changes as uncertainty looms large over global policy, the impacts of rate decisions and the labour market.

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RBA breaks rate cut drought but farmers still battling

RBA breaks rate cut drought but farmers still battling

The RBA's first rate cut since late 2020 will provide some relief to Aussie farmers, but it won't do much to ease the difficulties facing the industry.

Wages slowdown boosts case for more rate cuts

Wages slowdown boosts case for more rate cuts

Treasurer Jim Chalmers says ongoing growth in real wages is a good thing, but the RBA will be more encouraged that wage rises are showing signs of slowing.

Slight relief for borrowers after RBA slashes rates

Slight relief for borrowers after RBA slashes rates

The Reserve Bank's decision to cut interest rates by 25 basis points offers mortgage holders slight respite, but many are hoping for more substantial changes.

PM denies rate cut will impact election timing

PM denies rate cut will impact election timing

Anthony Albanese remains coy on when Australians will head to the polls, after the Reserve Bank delivered cost-of-living relief for mortgage holders.

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Economists less confident of RBA rate cut than market

Economists less confident of RBA rate cut than market

Economists less confident of RBA rate cut than market

Economists less confident of RBA rate cut than market

An AAP survey of 32 leading Australian economists has tipped the Reserve Bank to cut interest rates this week, but more than one in five remain unconvinced.

Big bank clips rates as RBA mulls next move

Big bank clips rates as RBA mulls next move

Big bank clips rates as RBA mulls next move

Big bank clips rates as RBA mulls next move

Strong retail spending figures are not expected to deter the Reserve Bank from cutting rates at its next meeting as one big bank lowers fixed-rate loans.

Fresh data to shed light on retail, housing strength

Fresh data to shed light on retail, housing strength

Fresh data to shed light on retail, housing strength

Fresh data to shed light on retail, housing strength

Australians are expected to have pulled back on retail spending after major sales, with the latest data unlikely to shift the dial for the Reserve Bank.

Last big bank holdout against February rate cut folds

Last big bank holdout against February rate cut folds

Last big bank holdout against February rate cut folds

Last big bank holdout against February rate cut folds

With the stars aligned for a February interest rate cut, borrowers are now concerned with how many cuts the Reserve Bank will hand down.

Greens housing crusade fails to sway most tenant voters

Greens housing crusade fails to sway most tenant voters

Greens housing crusade fails to sway most tenant voters

Greens housing crusade fails to sway most tenant voters

Renters are more likely to support Labor or Liberal than the Greens despite the minor party running hard on issues faced by tenants, fresh polling shows.

Why the RBA should rethink key inflation assumption

Why the RBA should rethink key inflation assumption

Why the RBA should rethink key inflation assumption

Why the RBA should rethink key inflation assumption

The strength of Australia's labour market has kept the Reserve Bank from cutting interest rates but growing evidence suggests it's not as crucial as thought.

Experts put money on early rate cut as spending slides

Experts put money on early rate cut as spending slides

Experts put money on early rate cut as spending slides

Experts put money on early rate cut as spending slides

A decline in spending on household goods has bolstered hopes of an RBA rate cut, which would help boost dour consumer sentiment.

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Consumers feel finances slide but hold hope for future

Easing inflation is increasing the likelihood of a near-term rate cut, which would provide a welcome boost to consumer sentiment in 2025.

Inflation, retail sales kick off 2025 economic calendar

The new year is off to a big start on the economic front with new inflation and retail sales figures due to be released.

How China uncertainty could push back RBA rate cut

Unexpected jobs figures have diminished hopes of an interest rate cut in February but favourable inflation data could put lower mortgage costs back on the menu.

Bank chief doubts trade-war risk will cancel Christmas

The Ghost of Christmas Yet to Come has visited the RBA deputy, revealing little chance of the global economy plunging into another Depression.

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RBA set to hold rates steady at final meeting of 2024

No change in interest rates is anticipated at the Reserve Bank of Australia's last board meeting of the calendar year.

Financial watchdog warns of structural budget problems

Almost one of every $10 raised by the Victorian government is set to be spent paying down debt within four years as interest expenses explode.

No change to RBA forecasts after Trump election

The re-election of Donald Trump as US president could have "adverse implications" for the Australian economy but it has not changed the RBA's view on inflation.

Labour shortages still 'number one' concern: RBA

Firms are struggling to retain workers as activity from mining, infrastructure projects and even the 2032 Brisbane Olympics keeps demand for labour high.

Hard-to-miss petrol pricing a 'proxy' for inflation

Households are constantly reminded of the price of filling up and the Reserve Bank says that's why petrol plays an outsized role in expectations for inflation.

Don't put money on rates relief soon, borrowers warned

Mortgage-holders should not get their hopes up for near-term relief, says a hawkish Reserve Bank governor as the cash rate was again held at 4.35 per cent.

Fading economy yet to unlock rate cuts for watchful RBA

The economy might be slowing but the Reserve Bank chief wants inflation to moderate further before opening the door to interest rate cuts.

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