Reserve Bank flags higher rates to tackle inflation
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.
interest rate
Reserve Bank hikes interest rate, flags further rises
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.
Households cashed up for rates rise: RBA
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.
US central bank hikes by 75 basis points
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.
Auction rates bubble on despite price cool
Despite cooling Australian house prices, auction rates are sky high as buyers get in and sellers go to market before interest rates rise.
Bank of England hikes rates amid inflation
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 raises interest rate
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.
Oil and milk prices to spill the tea on inflation story
The Australian Bureau of Statistics will this week release inflation and employment figures for May and a senior Reserve Bank official will speak.