Gloomy growth, interest rates sore points for Treasurer
The economy is stuck in the slow lane and Treasurer Jim Chalmers says that's by design, with higher interest rates necessary to tame inflation.
mortgages
Economy ‘nowhere near recessionary’ despite predictions
Australia's economic forecasts might not be as positive as hoped but there are still signs of strength in the economy, an expert says.
‘Painful squeeze’: inflation spike renews heat on rates
Surprisingly strong inflation has resurrected the possibility of another interest rate hike in an unsettling development for squeezed borrowers.
Households keep falling behind as rate increases bite
Most borrowers are adapting to tough financial conditions but the number of people in hardship or struggling to meet repayments is growing.
RBA gift wraps end-of-year rate relief for borrowers
Borrowers have been spared more cash rate pain at the final Reserve Bank of Australia policy meeting of the year.
Banks pass on rate hikes to thrifty home loan customers
Some mortgage holders are already trimming their spending and working extra hours, with the latest rise to put more pressure on households and the economy.
Rental pain at new highs with vacancies at record lows
There is no relief on the horizon for renters after national vacancy rates dropped to a record low of 1.1 per cent.
‘Intolerable’ housing crisis is costing Sydney billions
Housing unaffordability in Sydney is second only to Hong Kong, says a think tank boss who warns it is costing the city billions of dollars in lost productivity.
Consumers are not buying RBA’s interest rate pause
The threat of more interest rate increases is weighing heavily on the minds of consumers as high inflation proves hard to dislodge.
Rates and inflation keeping clamp on consumer sentiment
The threat of more interest rate increases is weighing heavily on the minds of consumers as high inflation proves hard to dislodge.
Reserve Bank’s minutes to put spotlight on rates pause
Minutes from the Reserve Bank of Australia's board meeting will shed light on its reasons for hitting pause on interest rates after a run of successive hikes.
Growth fears, expiring fixed rates fuelled RBA’s pause
The Reserve Bank board had another tough choice between hitting pause on interest rates or delivering another hike at its last meeting.
Economic slump fears gave Reserve Bank reason for pause
The Reserve Bank board had another tough choice between hitting pause on interest rates or delivering another hike at its last meeting.
Relief as Reserve Bank hits pause on interest rates
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.
Treasurer maintains growth view despite fresh rate hike
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.
Mortgage holders brace for another interest rate blow
The Reserve Bank is expected to raise interest rates again, turning up the heat on already stretched household finances.
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.