RBA fires off another rate rise but the end is in sight
The Reserve Bank of Australia has lifted interest rates again but toned down its language, opening the door to a pause or only one more rise.
The Reserve Bank of Australia has lifted interest rates again but toned down its language, opening the door to a pause or only one more rise.
The Reserve Bank is expected to raise interest rates again, turning up the heat on already stretched household finances.
It's unlikely the cash rate has peaked at 3.35 per cent, the Reserve Bank boss has warned, without offering any indication of how many more to expect.
Many Australians are facing a "painful squeeze" from the cost of living and rising interest rates, but the Reserve Bank is confident it's doing the right thing.
The Reserve Bank's hike in the cash rate to 3.35 per cent and indication of further rises has many concerned about the impact on jobs and the economy.
Most households except recent first-home buyers have enough savings to cope with rising interest rates, which the ANZ tips to reach three per cent this year.
The US Federal Reserve has approved its largest interest rate increase in more than a quarter of a century to stem a surge in inflation.
Despite cooling Australian house prices, auction rates are sky high as buyers get in and sellers go to market before interest rates rise.
The Bank of England's monetary policy committee of nine members has voted eight to one in favour of increasing interest rates to 0.25 per cent.
Norway's central bank has raised its key policy interest rate from 0.25 per cent to 0.5 per cent, citing the upswing in the economy.