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UNBELIEVABLE: 46 - Caught on Camera

QR codes could unlock lower-cost payments, says RBA

The Reserve Bank wants to drive down retail transaction costs by fostering competition and innovation, with QR-code based transactions one option on the table.

AAP

Australian banks are boring, scrutinised … and safe, says APRA boss

In his first public speech, the chair of bank, insurance and super regulator APRA moves to reassure Australians that our banks are safe amid the recent turmoil on global financial markets.

ABC News

Final data coming to inform next RBA rates decision

Retail sales data and the monthly consumer price index will offer some insights into spending behaviour and the likely trajectory for inflation.

AAP

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Australian banks predict another interest rate rise despite hopeful investor outlook

Big four banks believe RBA will lift cash rate by at least another 25 basis points though many predict rises are close to a peak

The Guardian - AU

Household wealth sinks by $57 billion while consumer confidence takes a dive

Australians are expected to spend less on big ticket items like cars and furniture as household wealth plunges amid sky high inflation.

The New Daily

Will the RBA follow the US Fed in lifting interest rates despite banking turmoil?

Unnerved by a looming financial crisis, the US central bank has raised rates. Will Australia follow suit?

The Guardian - AU

Afternoon Update: US to release intel on potential Covid-Wuhan lab links; RBA considering rate pause; and London’s ‘racist’ police

Plus: the Nationals’ ‘shocker’ vaping idea

The Guardian - AU

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RBA hints at rates pause amid ‘economic uncertainty’

Australian mortgage holders might finally be in for a reprieve on interest rates, with the RBA indicating it will consider a pause in hikes.

The New Daily

Reserve Bank leaves rates pause in play for April

The minutes from the central bank's board meeting suggest the bank is getting closer to a pause so it can assess the full impact of sharp interest rate hikes.

AAP

RBA urges calm as markets extend losses after Credit Suisse bailout

Australian markets have plunged again as the bailout of European banking giant Credit Suisse rattles confidence in the global bank system.

The New Daily

Mortgage pain looms with ‘sizeable jump’ in costs as fixed-rate loans end

Much of the mortgage pain driven by interest rate hikes has yet to be felt by households, with about half of the impact still set to flow.

The New Daily

Afternoon Update: Soldier faces ‘life imprisonment’ if convicted of war crime; Victoria to ban Nazi salutes; and AFL round one review

Australian federal police and NSW police have arrested and charged a former SAS soldier after a four-year investigation

The Guardian - AU

More cushioning from rate hikes than normal: RBA

A senior Reserve Bank official says the prevalence of fixed-rate loans and sizeable savings buffers are likely extending the lag time of interest rate hikes.

AAP

Australian banks ‘unquestionably strong’ despite global uncertainty in sector, RBA says

Assistant governor of the Reserve Bank says local banks are protected by strong balance sheets despite ‘strained’ conditions overseas

The Guardian - AU

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AAP

RBA minutes, speech scoured for cash rate clues

Further insights into the March cash rate hike in the minutes from the Reserve Bank board meeting dominate the economic discourse this week.

The New Daily

Young Australians hit the hardest as bills skyrocket in 2023

Young Australians are suffering the most under the cost of living crisis, according to new data, which shows many are taking 2nd jobs.

ABC News

US banks flock to Federal Reserve highlighting 'scale of stress in US banking system'

First Republic is the fourth bank in a week to show signs of financial distress. What does this mean for Australian interest rates – and mortgages?

AAP

More economists predicting RBA will pause rate hikes

Westpac, St. George, HSBC, JP Morgan and AMP now expect the Reserve Bank won't raise rates in April - but ANZ and CBA still forecast a rate hike.

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The New Daily

Westpac urges RBA interest rates pause as major banks hike rates

The Reserve Bank is tipped to pause its record-breaking run of interest rate hikes in April as the economy slows faster than expected.

The Guardian - AU

Unemployment rate in Australia falls back to 3.5% despite interest rate rises

Economy adds almost 64,000 jobs, a figure that will be closely examined by the RBA as it decides whether to pause further interest rate increases

The New Daily

Alan Kohler: The Fed broke something, so the rate hikes are finished

US rate hikes only ever have a gradual impact on households, while in Australia the effect on the household sector is dramatic and immediate.

The Guardian - AU

Sure, prices have fallen, but we have a decade of absurd growth to undo to make housing affordable

Let’s not start suggesting millennials are flush with opportunity to buy a home – little will change until wages rise faster than prices

The New Daily

Michael Pascoe: Time for Baby Boomers to admit they had it much, much better than it is now

Yes, Boomers’ interest rates were higher, but the cost of housing was much, much lower and disposable income was not as low.

ABC News

Could interest rates in Australia fall after the collapse of two US banks?

If the Reserve Bank of Australia (RBA) wanted an excuse to end interest rate hikes, the collapse of two US banks just gave it one.

The New Daily

Alan Kohler: Paying for AUKUS? Spending like Europe means taxing like Europe

Before the next election, Treasurer Jim Chalmers must find a way to credibly restore a balanced budget. This means new and higher taxes.

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