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The Reserve Bank of Ian (Macfarlane) made a mistake in 2000, raising the cash rate three times after the dot-com bubble burst in March of that year. The last of … Continued
The post Alan Kohler: RBA hasn’t broken its habit of making horribly wrong interest calls appeared first on The New Daily.
National Australia Bank has lifted first-half cash earnings by 17 per cent to $4.07 billion, helped by higher interest rates and increased business lending. Statutory net profit for the six … Continued
The post NAB profits soar on higher interest rates appeared first on The New Daily.
RBA governor Philip Lowe is “deadly serious” about bringing inflation down and says even higher interest rates may be needed to achieve it. Speaking in Perth on Tuesday night, Dr … Continued
The post ‘Deadly serious’: Why Philip Lowe thinks interest rates could rise again amid inflation fears appeared first on The New Daily.
The head of the Reserve Bank has defended the central bank’s aggressive interest rate hiking cycle in response to the highest inflation rate since 1990. In an opening statement to … Continued
The post RBA boss defends interest rate hikes at inquiry hearing appeared first on The New Daily.
The government hopes the Reserve Bank doesn’t keep hiking interest rates over fears the economy could be pushed over the brink. Households are bracing for higher mortgage repayments off the … Continued
The post ‘We hope interest rates don’t rise further’: Jones appeared first on The New Daily.
One of the nation’s biggest consultancy firms has painted a bleak picture for the year ahead, saying Australians are at the mercy of the central bank while warning of a possible … Continued
The post Recession fears if interest rates hiked appeared first on The New Daily.
The Reserve Bank has admitted it suffered “reputational damage” over its pandemic outlook that interest rates would not rise until 2024, but will not rule out using such specific guidance … Continued
The post ‘Reputational damage’: RBA admits failure in COVID interest rates outlook appeared first on The New Daily.
One last oversized rate rise is broadly expected before the central bank is tipped to start winding its policy tightening back. Since May, the Reserve Bank of Australia has hiked … Continued
The post Rate rises tipped to slow in coming months appeared first on The New Daily.
A 50 basis point hike in the cash rate was necessary last month despite the central bank recognising the full effects of higher mortgage repayments are yet be felt. In … Continued
The post Full brunt of rate hikes yet to be felt appeared first on The New Daily.
The central bank’s September decision will likely spell higher repayments for mortgage holders, with another interest rate rise broadly expected. The Reserve Bank of Australia board is expected to lift … Continued
The post Rates set to rise for fifth month in a row appeared first on The New Daily.
