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Governor of central bank says rate pause in April had given board ‘more time to assess the pulse of the economy’ before Tuesday’s increase to 11-year high.
RBA
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The consumer price index for the first three months of 2023 has come in at an annual rate of 7%, down from the 32-year high of 7.8%
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More pain for mortgage holders could be on the way after the Reserve Bank of Australia indicated the possibility of further interest rate rises.
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A day after the Reserve Bank's run of interest rate rises was paused, the bank's governor has suggested there will be more increases to come.
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The Reserve Bank’s 10th interest rates hike in a row last week has sparked a flurry of fresh activity from lenders, which have been quick to pass on higher mort…
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Many home owners who were prompted to borrow more in a rising market face negative equity.
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A review commissioned by the treasurer and due to report to him by the end of March might recommend changes at the RBA.
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Mortgage holders likely to feel immediate pain but RBA indicates further increases to come in attempt to bring inflation under control.
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Skyrocketing prices have hit Australians hard this year but there are fresh fears that relief isn’t coming and people will be hit hard.
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The world bank has warned the Reserve Bank of Australia must continue to “raise interest rates” to rebalance domestic demand and keep inflation anchored.
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Minutes of November Reserve Bank of Australia meeting say board is ‘prepared to keep rates unchanged’ while it assesses state of economy and inflation.
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The average Aussie family’s home buying budget has shrunk by around $214,600 thanks to the Reserve Bank of Australia’s (RBA) rate hikes, according to new data.
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