Posts tagged "interest rates"

Australia’s economy is now more than 5% bigger than it was before COVID-19, a better performance than most comparable economies.

The Reserve Bank of Australia has declared it will increase the cash rate target for a fifth time by 50 basis points to 2.35%, following its monthly meeting this afternoon.

Australia’s top economists are divided about how to tackle ballooning inflation of 6.1% that’s forecast to climb to a three-decade high of 7.75% by the end of the year.

Low-income Australians can't do a thing about inflation, but they'll have to wear the cost of dealing with it.

Why did the Reserve Bank just hike its cash rate by an out-sized 0.50 percentage points for the third consecutive month, taking it to 1.85%? Partly because it knows what is to come.

Higher interest payments are on the cards for small businesses and household borrowers after the Reserve Bank of Australia lifted its cash rate target by 0.5% to 1.85% on Tuesday.

The Reserve Bank of Australia is predicted to announce an interest rate rise of 0.25% to 0.5% today, which could take the cash rate to 1.85%.

With the US facing a recession and interest rates rising globally to curb inflation, Australia is facing a tumultuous economic period.

The work from home debate has ramped up over the past week, as employers once again deliberate how to avoid COVID-19 office outbreaks and contend with rising living costs.

As long as the RBA continues to hike interest rates, mortgage payments will rise. We take a look at which areas of the country are most affected.

Inflation and rising interest rates are pushing Australia towards a likely recession. And on the list of culprits, RBA governor Philip Lowe is very near the top.

The action your business should take in response to increasing interest rates depends on whether you have cash or debt.