Photo finish looms for Melbourne Cup interest rate call
Australian borrowers could be hit with another interest rate hike at a closely run Melbourne Cup Day cash rate call.
Australian borrowers could be hit with another interest rate hike at a closely run Melbourne Cup Day cash rate call.
Mortgage-holders have been hit with another interest rate rise as the Reserve Bank intensifies its fight against inflation.
Borrowers have been spared further mortgage pain but one more interest rate hike or a longer stretch on hold may be needed to wrangle inflation under control.
The Reserve Bank of Australia appears comfortable with the inflation outlook but there are concerns about petrol prices and a weakening Chinese economy.
A bigger role for government in managing economic cycles and acting on sluggish productivity features on Philip Lowe's wish list for a stronger Australia.
Interest rates have been left untouched in September in welcome news for borrowers already feeling the pain of higher monthly repayments.
Inflation is tracking in the right direction and is expected to embolden the Reserve Bank to keep interest rates on hold in September.
Inflation is tracking in the right direction and is expected to embolden the Reserve Bank to keep interest rates on hold in September.
Interest rates will stay unchanged at 4.1 per cent in September after outgoing RBA chief Philip Lowe's final cash rate decision.
The incoming head of Australia's central bank says climate change presents an acute source of uncertainty for managing the economy and setting interest rates.
The task of returning inflation to target is going according to plan, but the head of the Reserve Bank says it could still be thrown off course.
The head of the Reserve Bank has encouraged customers to make banks work harder for their money by shopping around.
The perception that interest rates are at or close to their peak is likely spurring more home buyers to enter the market, helping to push up property prices.
The task of returning inflation to target is going according to plan, but the head of the Reserve Bank says it could still be thrown off course.
The Reserve Bank has kept the cash rate on hold for a second month in a move that has some experts speculating the hiking cycle might be over.
The Reserve Bank says the economy can avoid a recession as inflation falls and unemployment rises, but there are a number of risks.
The US central bank has raised interest rates by a quarter of a percentage point, saying inflation in the country remains elevated.
Borrowers will welcome a break from interest rate hikes as Australia's central bank opts to keep the official cash rate steady at 4.1 per cent.
The Reserve Bank has kept interest rates steady with light appearing at the end of the tunnel for mortgage holders in the fight against inflation.
The Reserve Bank hiked interest rates last month due to inflation risks bubbling under the surface, but it has been revealed the decision was "finely balanced".
RBA governor Philip Lowe says the lowest-paid workers need to be insulated from high inflation but a surge in wages across the board could be a problem.
The battle against inflation is not over yet as the Reserve Bank board hikes again and takes the cash rate to its highest level since April 2012.
A recession is still unlikely, the treasurer asserts despite fears the Reserve Bank's aggressive interest rate hikes could tip the economy over the edge.
Australia's central bank has lifted interest rates again after taking a break from increases last month and has kept more tightening in play if needed.
The Reserve Bank's decision to fire off another interest rate hike has some worried the economy might get hammered too hard.
The RBA's reviewers have called for greater independence for the central bank but say the government will still be able to step in if the board goes rogue.
As the Albanese government seeks to enact the recommendations of a review of the Reserve Bank, the coalition has queried two new appointments.
Former workplace umpire Iain Ross and corporate director Elana Rubin have been appointed to the board of the Reserve Bank of Australia.
The Reserve Bank of Australia has delivered welcome interest rate relief to mortgage holders and kept the cash rate on hold.
Confidence among those paying off a home loan has taken another hit in the lead-up to another cash rate call that could add more to their monthly repayments.
After delivering 10 interest rate rises in a row, the Reserve Bank could put further increases on hold to gauge the impact on soaring inflation.