RBA
Heated inflation figures put rate hike firmly in play
25 October
The latest inflation data has come in hotter than expected and may stir the Reserve Bank into a Melbourne Cup Day rate hike. Consumer prices as tracked by the Australian Bureau of Statistics rose 1.2 per cent over the three months to September, up...[Read More]
July 2023 RBA Meeting
14 July
Contributor: Troy Hampton, Financial Adviser Prior to the RBA meeting in July ’23 economists were almost evenly divided between those calling for a rate rise and those expecting a hold. Following their July board meeting, RBA released that they...[Read More]
Inflation surprise as rate of price growth slows in May
28 June
A sharp fall in consumer prices will take pressure off the Reserve Bank, but persistent growth in rents and services will keep further rate hikes in play. The consumer price index sunk back to 5.6 per cent in the year to May, from 6.8 per cent in...[Read More]
Women gradually cracking the glass ceiling
25 January
Women are still woefully under-represented in top jobs but female leaders are becoming more common in Australia’s economic and financial institutions. Within Treasury, the government department responsible for economic policy, the federal budget...[Read More]
ACCC probe to ensure savers get fair deal
11 January
The consumer watchdog has been asked to look into interest rates for savers amid concern banks aren’t offering their customers a fair deal. Treasurer Jim Chalmers urged the Australian Competition and Consumer Commission to investigate the matter,...[Read More]
RBA decision risks higher cash rate peak
5 October
The surprise slowdown in the pace of rate rises risks dragging out the rate hiking cycle and forcing the central bank to go even higher than expected to dampen demand. The Reserve Bank of Australia’s 0.25 percentage point lift is the sixth...[Read More]
Consumer spending slowdown starts to show
14 September
Rate hikes and the soaring cost of living are finally starting to weigh on household spending. Non-essential outgoings decreased in August, according to CommBank’s household spending intentions index, with sectors such as travel,...[Read More]
RBA’s ‘past decisions’ under scrutiny
14 September
A parliamentary committee will grill the head of the Reserve Bank over the central bank’s past decisions. Australian mortgage holders have endured five rate rises as the RBA seeks to bring inflation under control, with the central bank’s...[Read More]
RBA flags end of big-hit cash rate rises
7 September
The central bank delivered another super-sized rate hike in September but economists expect future rate rises to be more restrained. The Reserve Bank of Australia hiked interest rates by 50 basis points on Tuesday, bringing the official cash rate to...[Read More]