Mortgage holders will be feeling uneasy ahead of another close interest rate call that could see their monthly repayments blow out even further. The Reserve Bank of Australia (RBA) has been battling high inflation with higher interest rates since May last year and has so far handed out 400 basis points of increases. The board…
Up to 80 Percent Chance Recession Could Occur, Cash Rate to Peak at 4.8 Percent: RBA Internal Research
The probability of recession in Australia occurring before the end of 2024 could be as high as 80 percent, according to modelling by the Reserve Bank of Australia (RBA). Internal documents from September 2022 published on Thursday under Freedom of Information laws reveal the most likely period for recession has already passed. In a more…
Australian Interest Rates: How High, How Long?
February 9, 2023
admin
AustraliaAustralian Cash rateAustralian economyAustralian Home Loan MarketBusiness & Marketseconomyinflationinterest rateInternationalOpinionphilip loweRBAViewpointsWorld
0 Comment
Commentary Home buyers and businesses are suffering sticker shock as the Reserve Bank of Australia (RBA) lifted the official cash rate from 0.1 percent to 3.35 percent in the course of the nine months since April 2022. But they should probably be thinking of rates of this level as the “new normal.” Assuming lenders pass…
Australian Interest Rates: How High and for How Long?
February 9, 2023
admin
AustraliaAustralian Cash rateAustralian economyAustralian Home Loan MarketBusiness & Marketseconomyinflationinterest rateInternationalOpinionphilip loweRBAViewpointsWorld
0 Comment
Commentary Home buyers and businesses are suffering sticker shock as the Reserve Bank of Australia (RBA) lifted the official cash rate from 0.1 percent to 3.35 percent in the course of the nine months since April 2022. But they should probably be thinking of rates of this level as the “new normal.” Assuming lenders pass…
Australian Reserve Bank Makes Another Modest Hike, Lifts Cash Rate to 2.85 percent
November 1, 2022
admin
AustraliaAustralian Cash rateAustralian inflationBusiness & Marketseconomyinflationinterest rateReserve Bank of AustraliaWorld
0 Comment
The Reserve Bank of Australia (RBA) has raised the cash rate by 25 basis points to 2.85 percent, its seventh consecutive interest rate hike. Despite the most recent data revealing inflation jumped to 7.3 percent in the September quarter, the highest level since 1990, the RBA has chosen a much less aggressive interest rate hike…
A Soft Landing for the Australian Economy?
June 23, 2022
admin
AustraliaAustralian Cash rateAustralian economyAustralian inflationBusiness & Marketseconomyinflationinterest rateInternationalNet Zero by 2050OpinionViewpointsWorld
0 Comment
Commentary The economic news of the last couple of weeks in Australia is bleak at best and demoralising at worst. The skyrocketing prices of energy, meat, vegetables, and petrol have led to big increases in the cost of living. Vegetables have increased by 6.1 percent, and beef and veal have increased by 8.1 percent. Petrol…
Industry Warns Australian Government Against Wage Increase After Aggressive Cash Rate Hike
June 7, 2022
admin
Angus TaylorAustraliaAustralian Cash rateBusiness & Marketseconomyinflationinterest ratesJim ChalmersReserve Bank of AustraliaWorld
0 Comment
Australia’s peak industry group said the country was at risk of a “death spiral” of wages, inflation, and interest rates. “We are unfortunately in a period where we are going to see increasing interest rates if we continue to see calls for wage increases that are not sustainable,” Australian Industry Group CEO Innes Willox told…
Australian Wages Growth Lifts Again, Remains Far Below Inflation
May 18, 2022
admin
anthony albaneseAustraliaAustralian Cash rateBusiness & Economyeconomyinflationreal wagesScott Morrisonwages growthWorld
0 Comment
Australian wages growth has accelerated for the second consecutive quarter but continues to lag inflation, according to newly released data from the Australian Bureau of Statistics (ABS). The annual rate of wages growth was 2.4 percent, and while it is the highest annual rate recorded since December 2018, it fell below expectations. ABS said it…
Australia Hikes Official Interest Rate for First Time in Over a Decade
May 3, 2022
admin
anthony albaneseAustraliaAustralian Cash rateAustralian inflationBusiness & EconomyBusinesses in COVID-19economic policieseconomyinflationInternationalInvestmentpersonal financeRBAScott MorrisonWorld
0 Comment
The Reserve Bank of Australia (RBA) has raised the cash rate for the first time in over a decade, up 0.25 percentage points to 0.35 percent. The decision came earlier than what was initially indicated in response to March quarter inflation figures, released on April 27, that showed annual inflation had surged to 5.1 percent,…
Reserve Bank of Australia Hints at First Interest Rate Hike in Over a Decade
April 19, 2022
admin
AustraliaAustralian Cash rateAustralian inflationBusiness & Economyeconomic policiesinflationRBAWorld
0 Comment
The Reserve Bank of Australia (RBA) is no longer reiterating its willingness “to be patient,” a line that previously replaced its guidance that the cash rate would not rise before 2024, meaning an interest rate hike may be on the horizon. In the RBA board minutes for April, it was noted that both inflation and…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta