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DARK SECRETS: 54 | Rare Historical Photos

The RBA keeps slamming on the brakes, but the economy has already very much slowed down

GDP figures show wages and not just profits are starting to generate growth. Still, disposable income is going backwards

The Guardian - AU

‘Mighty’ shoppers drive the economy as millions splurge before Christmas

The strength of consumers spending right now has many economists scratching their heads ahead of Christmas but a "reckoning" looms.

The New Daily

The RBA has raised interest rates again. What does this mean for the economy in 2023?

Economists respond to the decision by the Reserve Bank to raise interest rates by 25 basis points to the highest level since the end of 2012

The Guardian - AU

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Watch: Uber fined, US boost troop rotations to Australia, Mortgage misery

Watch: Uber has been fined $21 million for misleading customers. John Barilaro's assault case returns to court. Australia and US agree to deepen their

The New Daily

Chinese ambassador hails ‘very successful’ meeting – as it happened

This blog is now closed

The Guardian - AU

Michael Pascoe: RBA on the precipice of its second big mistake

The RBA needs to chill to find out what it has actually done, Michael Pascoe writes.

The New Daily

All eyes on Christmas as Reserve Bank mulls even higher interest rates in 2023

RBA Governor Philip Lowe unveiled an eighth interest rates hike at the bank's final meeting of 2022 on Tuesday.

The New Daily

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Afternoon Update: RBA rate hike; Kirstie Alley dies; and a heatwave for northern Australia

Central bank warns of more rises to come after raising cash rate to 3.1%

The Guardian - AU

This latest increase in RBA interest rates might well be the last, for some time

You might not know it from reading Tuesday’s statement announcing Australia’s eighth consecutive increase in interest rates, but our Reserve Bank might finally have done enough.

The Conversation

‘Harsh and heavy’: Rates hiked again as RBA ends 2022 with eighth straight squeeze

The Reserve Bank has raised interest rates for the eighth month in a row, lifting its target by 0.25 percentage points.

The New Daily

RBA interest rates: Reserve Bank raises official cash rate to 3.1%, the eighth increase in as many months

More pain for borrowers with interest rates to rise again after central bank lifts cash rate 25 basis points to the highest level since the end of 2012

The Guardian - AU

Interest rates rise to decade high as RBA delivers Christmas pain

The Reserve Bank has raised interest rates for the eighth month in a row, lifting its target by 0.25 percentage points.

The New Daily

Interest rate updates: ANZ, NAB and Westpac pass on Reserve Bank's eighth consecutive rate rise — as it happened

Several of Australia's major banks have increased interest rates following a decision from the Reserve Bank to lift the cash rate for the eighth consecutive time.

ABC News

The Loop: Ukraine claims drones hit Russian bases, and Lady Gaga's dogwalker shooter takes 21-year plea — as it happened

The news Australia is searching for, and all the news that happened while you snoozed: This is The Loop, your quick catch-up for this morning's stories as they happen.

ABC News

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AAP

RBA hikes rates in fight to tame inflation

The Reserve Bank has increased interest rates by another 25 basis points, locking in more mortgage pain for Australians over summer.

The Guardian - AU

RBA tipped to lift cash rate again at board meeting as mortgage cliff looms

Economists widely predict 25 basis point rise but some say central bank may consider pausing rates after seven straight hikes

The New Daily

Alan Kohler: In a warming world, inflation targets need to rise

Will the RBA really bring about recession and an even greater housing crash than we’ve had already to get inflation under three per cent?

ABC News

Former treasurer Peter Costello criticises both Labor and Coalition over their economic management

The former Liberal treasurer has some harsh words for governments past and present.

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AAP

Credit card loyalty is costing Australians

Australians who don't shop around for new credit cards are leaving money on the table, according to a leading consumer research group.

ABC News

Here’s how Australian house and unit prices are looking in each capital city

The latest figures on Australia's house and unit prices are out. Here's what's happening in your capital city.

The Guardian - AU

Inflation may now have peaked. The RBA must tread carefully

The next worry for Philip Lowe is he’ll have to apologise for raising interest rates longer than needed

The Guardian - AU

Dip in Australia’s inflation rate in October raises hopes price rises may have peaked

Headline CPI rate eases from 7.3% to 6.9%, lower than economists’ expectations, but fuel prices still rose as full excise rate returned

AAP

Banks stronger now than in GFC: RBA

A senior RBA official says the financial system would have been in strife during the COVID-19 pandemic if it were still as fragile as in 2007.

The New Daily

Michael Pascoe: The Pope’s a Catholic and forecasting is a mug’s game

The RBA had done all that could be done with monetary policy to fight the possibility of recession/depression from a global pandemic

ABC News

Will house prices go up in 2023? The answer largely depends on interest rates

Australian house prices are forecast to rise in several states if economic conditions are favourable, according to a new report from SQM Research.

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