Row over government role fuelling inflation, rate rise
Spending blow-outs by the government will force the Reserve Bank to hike rates, critics say, but the treasurer argues the private sector is driving inflation.
Spending blow-outs by the government will force the Reserve Bank to hike rates, critics say, but the treasurer argues the private sector is driving inflation.
Traders now tip a greater-than-50 per cent chance of an interest rate hike in February, but some pundits are holding out hope for a Reserve Bank reprieve.
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A deterioration in the job market could spare Australian borrowers interest rate hikes in 2026, an economist says.
Fed chair Jerome Powell has the backing of fellow central bankers from Europe to Australia after the Trump administration threatened him with criminal charges.
Australia's labour market remains tight, with limited spare capacity keeping pressure on already-high inflation and shortening the odds of interest rate hikes.
The Trump administration's criminal investigation of Fed chair Jerome Powell has triggered a backlash that threatens to undermine the White House's goals.
A fresh survey of Australian consumer sentiment doesn't make for encouraging reading as the central bank weighs lifting the cash rate at its next meeting.
Fed chair Jerome Powell says the Department of Justice has served the central bank with subpoenas and threatened indictment over his testimony on renovations.
The US central bank has reduced its key interest rate for the third time in a row but signalled that it may leave rates unchanged in the coming months.
The average mortgage-holder's repayments could soon jump an extra $90 a month, with another Reserve Bank interest rate hike on the cards as early as February.
More rate relief for borrowers has essentially been ruled out by the Reserve Bank governor as the central bank mulls over when to lift rates again.
The official cash rate is expected to remain on hold when the Reserve Bank decides on interest rates for the last time in 2025.
Slowing Chinese economic growth and persistently high inflation are "top of mind" for the Reserve Bank of Australia.
Australia's economic growth rate came in below market expectations, but a strong domestic pulse shows the economy is in good shape.
Inflation data will dominate the domestic economic dashboard, while the UK budget and New Zealand rate cuts are on the agenda abroad.
Barring a material rise in unemployment or weaker-than-expected economic growth, mortgage holders can just about give up hope for any more interest rate relief.
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unemployment
Unlikely to receive another rate cut in the next six months, borrowers will at least see the big four banks face parliamentary scrutiny in Canberra this week.
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it/computer sciences
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Data engineers, cybersecurity experts and customer experience designers are in for an AI jobs boom, although firms expect to reduce headcounts as uptake grows.
The Australian economy's spare capacity will be key to deciding how many times the Reserve Bank can cut interest rates, a senior official says.
Mortgage holders were smashed by the fastest interest rate hiking cycle in decades post-pandemic, but a study has found it did little to dampen spending.
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inflation and deflation
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money and monetary policy
The rising cost of new homes and services such as takeaway meals were key to the Reserve Bank's inflation miss in September and could rule out future rate cuts.
Borrowers face the possibility of interest rates going up rather than down again after the Reserve Bank held steady following a spike in inflation.
The Federal Reserve has cut its key rate for the second time this year as the United States government shutdown clouds the economic outlook.
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inflation and deflation
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mortgages
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All four major banks predict mortgage holders will have to wait until 2026 for rate relief after a larger-than expected inflation rise.
Reserve Bank governor Michele Bullock has responded to a surprise jump in unemployment as a credit agency gives Australia's finance a tick of approval.
The Reserve Bank has set its sights on one tax it says keeps owners of big homes from downsizing and people from relocating for better jobs and pay.
Surprising unemployment data has many expecting interest rates are in for another trim, with two key figures in that decision set to give their reaction.
Crucial economic data in coming weeks could determine when mortgage holders can expect more interest rate relief, the Reserve Bank board says.
The economy is in a "good spot" but one sector is proving more stubborn than expected, the boss of the Reserve Bank says.
Australia's central bank warns overpriced stock markets, cyber threats and weakness in China threatens the nation's financial stability.
The odds are lengthening on an interest rate cut on Melbourne Cup Day, as the Reserve Bank adopts a hawkish tone and inflation steps up the pace.