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The 13th cash rate increase in the Reserve Bank’s fight against inflation will be unwelcome news for mortgage holders, home
Australia’s jobless rate edged lower last month, although a slowdown in job creation and pullback in hours worked suggests cracks
In a move that runs counter to history and convention, the Greens will seek changes that would see interest rates capped and rents frozen. The party will introduce legislation to … Continued
The post Greens to introduce legislation to block Reserve Bank rate rises appeared first on The New Daily.
The Reserve Bank board minutes released on March 21 made a show of officially agreeing “to reconsider the case for a pause at the following meeting, recognising that pausing would … Continued
The post Michael Pascoe: RBA has already made the case for stopping its rate rises appeared first on The New Daily.
Growth is expected to remain robust as interest rate hikes are yet to slow momentum in the Australian economy. The Australian Bureau of Statistics will release gross domestic product figures on … Continued
The post Rate rises fail to put brakes on economy appeared first on The New Daily.
The seventh interest rate hike in a row will put more pressure on mortgage holders, with NAB the first of the big banks to pass on the 0.25 percentage point … Continued
The post Big banks start passing on rate rise appeared first on The New Daily.
The central bank is worried first home buyers that bought during the COVID-19 property boom will struggle to meet their repayments. In a report exploring risks to Australia’s financial stability, … Continued
The post Rate rises hurting first home buyers: RBA 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.
Looming interest rate rises will sting many Australian households as economic conditions get worse before they get better, Treasurer Jim Chalmers has warned. Dr Chalmers wants to use a review … Continued
The post ‘Rate rises will sting’: Warning for Aussie borrowers appeared first on The New Daily.
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