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Latest news: Interest Rate

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.

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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

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

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

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.

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

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

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

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

Fading economy yet to unlock rate cuts for watchful RBA

Fading economy yet to unlock rate cuts for watchful RBA

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

Gloomy growth, interest rates sore points for Treasurer

Gloomy growth, interest rates sore points for Treasurer

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.

Building costs in the frame for ongoing housing crisis

Building costs in the frame for ongoing housing crisis

Building costs in the frame for ongoing housing crisis

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

Fresh recession fears in NZ as central bank cuts rates

Fresh recession fears in NZ as central bank cuts rates

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

Beware of economic 'false prophets', warns Reserve Bank

Beware of economic 'false prophets', warns Reserve Bank

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

RBA governor warns rate cuts not on near-term agenda

RBA governor warns rate cuts not on near-term agenda

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".

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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.

Slower US consumer price growth boosts rate cut hopes

Expectations for an interest rate cut in 2024 have been given a boost by US consumer prices increasing less than expected in April.

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Tough year ahead for low-income earners, renters: RBA

Pressure from high inflation and interest-rate rises will weigh on those most exposed to financial shocks, Australia's central bank says.

Rate peak to buoy confidence and possibly home prices

Growing confidence that interest rates are going no higher and cuts may start later this year could improve consumer sentiment and home-buying activity.

Inflation surprise all but confirms end to rate hikes

Economists are sounding the death knell for the sharpest interest rate tightening cycle since the 1980s after inflation dropped faster than expected.

RBA gift wraps end-of-year rate relief for borrowers

Borrowers have been spared more cash rate pain at the final Reserve Bank of Australia policy meeting of the year.

House sales fall cancels out Victoria's COVID tax take

Stamp duty revenue has taken a $506 million nosedive in Victoria as house sales and prices cooled amid rising interest rates, a state budget update says.

Banks pass on rate hikes to thrifty home loan customers

Some mortgage holders are already trimming their spending and working extra hours, with the latest rise to put more pressure on households and the economy.

Cup day rate hike extends finishing line for borrowers

Mortgage-holders have been hit with another interest rate rise as the Reserve Bank intensifies its fight against inflation.

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

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