Interest rate hike ‘no slam dunk’ amid Iran uncertainty
Traders and economists widely expect the Reserve Bank to lift interest rates but uncertainty over the Iran war could convince the board to keep them on hold.
Traders and economists widely expect the Reserve Bank to lift interest rates but uncertainty over the Iran war could convince the board to keep them on hold.
An economic downturn might be needed to bring inflation back to target, economists warn, but the government can help with spending cuts and productivity reform.
Mortgage holders face higher borrowing costs after the Reserve Bank raised interest rates to counter an expected surge in inflation fuelled by the Iran war.
The battle to tame inflation has been thrown into more uncertainty by conflict in Iran and the Middle East, the Reserve Bank governor says.
Economic data released this week will leave the Reserve Bank a little less concerned about underlying momentum in consumer demand, an economist says.
A small increase in underlying inflation has led to growing expectations the Reserve Bank will lift the cash rate in coming months.
Donald Trump has broken the record for longest State of the Union speech as he claimed the US is "winning" under his leadership, even as his poll ratings slide.
Minutes from the Reserve Bank's latest meeting reveal the thinking behind its call to lift interest rates for the first in more than two years.
A surprise slide in consumer spending has thrown more uncertainty around the Reserve Bank's next move on interest rates.
Opposition MPs have grilled Reserve Bank officials over whether government spending and monetary policy errors contributed to the first rate hike in two years.
Hotter-than-expected inflation figures have convinced analysts the Reserve Bank will lift rates as soon as next week, heaping pressure on mortgage holders.
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.
The Reserve Bank is widely tipped to become the first major central bank on Tuesday to U-turn from rate cuts to rate hikes in the post-COVID inflation era.
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.
A deterioration in the job market could spare Australian borrowers interest rate hikes in 2026, an economist says.
A sharper-than-expected fall in inflation will encourage the Reserve Bank of Australia, but underlying price growth remains too hot for comfort.
Britpop giant Oasis and Black Friday bargains have helped bring Australia's economy back in tune, adding to the case against Reserve Bank rate cuts.
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.
The sharpest rise in household spending in 21 months suggests the economy is continuing to grow in strength, heightening Reserve Bank fears about inflation.
Lower energy rebates and higher housing costs than a year ago have propelled the headline inflation rate to its highest level in 16 months.
Equipment investment in Australia's IT sector almost doubled in three months amid a surge in data centre projects, which could help revive productivity growth.
An extraordinary rise in demand combined with constrained supply has created a boom in Australian home values and rents over the past five years.
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.
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.
All four major banks predict mortgage holders will have to wait until 2026 for rate relief after a larger-than expected inflation rise.
The coalition has sought to link a recent rise in inflation and unemployment to the 1970s economic malaise, but analysts say there is no need to panic.
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.
The economy is in a "good spot" but one sector is proving more stubborn than expected, the boss of the Reserve Bank says.
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.
Strong growth in household spending earlier this year is unlikely to be matched, which could ease Reserve Bank fears of a return of inflation pressures.
Central banks such as the RBA need to be wary of the risks of inflation kicking off again, which could trigger market sell-offs, a global economic body warns.