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Latest news: Interest Rate

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.

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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

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

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

Consumers feel finances slide but hold hope for future

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.

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Inflation, retail sales kick off 2025 economic calendar

Inflation, retail sales kick off 2025 economic calendar

Inflation, retail sales kick off 2025 economic calendar

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

How China uncertainty could push back RBA rate cut

How China uncertainty could push back RBA rate cut

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

Bank chief doubts trade-war risk will cancel Christmas

Bank chief doubts trade-war risk will cancel Christmas

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.

RBA set to hold rates steady at final meeting of 2024

RBA set to hold rates steady at final meeting of 2024

RBA set to hold rates steady at final meeting of 2024

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

Financial watchdog warns of structural budget problems

Financial watchdog warns of structural budget problems

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

No change to RBA forecasts after Trump election

No change to RBA forecasts after Trump election

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

Labour shortages still 'number one' concern: RBA

Labour shortages still 'number one' concern: RBA

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.

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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.

Gloomy growth, interest rates sore points for Treasurer

The economy is stuck in the slow lane and Treasurer Jim Chalmers says that's by design, with higher interest rates necessary to tame inflation.

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Building costs in the frame for ongoing housing crisis

The Reserve Bank says it is closely monitoring the housing shortage, but dismisses reports a construction union is to blame for escalating costs.

Fresh recession fears in NZ as central bank cuts rates

The Reserve Bank of New Zealand believes the country is in recession, as it moves to cut the official cash rate to 5.25 per cent.

Beware of economic 'false prophets', warns Reserve Bank

Reserve Bank deputy governor Andrew Hauser says projecting future movements in the economy is inherently uncertain and overconfidence is a red flag.

RBA governor warns rate cuts not on near-term agenda

The Reserve Bank of Australia has kept interest rates steady and tempered expectations of imminent cuts, warning inflation remains "too high".

Rates likely on hold with Reserve Bank coy on next move

The August interest rate meeting will dominate the week's economic agenda, with the Reserve Bank tipped to leave rates unchanged.

As Canada cuts rates, RBA doves come home to roost

After hitting inflation hard and early, the Bank of Canada is already cutting rates while their dovish Australian counterparts contemplate another rate hike.

Australians need assurance on 'toxic' inflation: RBA

The RBA's strategy of bringing down inflation gradually to protect the jobs market is a different tactic but it has worked, the central bank's new deputy says.

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Politics Australia Victoria Economy, Business and Finance New Zealand Housing and Urban Planning Economy Consumers State Budget and Tax Unions Construction and Property Retail Tariff Employment Banking Labour Central Bank Real Estate Inflation and Deflation Interest Rate

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