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YOU WONT BELIEVE: 59 - You Need To See This

Reserve Bank’s dovish interest rate rise gives Jim Chalmers more cause to grin than grimace

The treasurer was used to empathising with borrowers after the RBA’s ‘supersized’ rises – instead, he got to talk about the budget

The Guardian - AU

RBA ‘near the summit’ in quest to curb inflation, as Governor Lowe warns of further rate rises

The Reserve Bank is "near the summit" in its uphill battle to curb the fastest rate of inflation in a generation, economists say.

The New Daily

Australia breaks with global trend, slows interest rate hikes

Reserve Bank of Australia lifts key rate by 0.25 percentage point in nod to uncertain global economic outlook.

Al Jazeera

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The Loop: The RBA hikes the cash rate, North Korea's latest missile launch, and the surprising culprit behind a British train delay

Get up to speed on today's headlines with The Loop.

ABC News

Rate pain will add more scrutiny to Labor's economic management

The sixth consecutive rate rise may impinge on Labor's budget plans.

The Canberra Times

Interest rates rise slower as RBA inflation battle enters new phase

The RBA took its foot off the accelerator approving a smaller interest rates rise as the battle to curb inflation enters a new phase.

The New Daily

Interest rates rise again as Reserve Bank lifts cash rate to 2.6%

RBA on Tuesday raised its cash rate 25 basis points as it seeks to stifle inflation

The Guardian - AU

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Mortgage bills to soar again as RBA unveils record-breaking sixth interest rate hike in a row

The RBA approved a record breaking sixth interest rate rise in a row on Tuesday, lifting its target cash rate 0.25 percentage points.

The New Daily

Interest rate updates: Reserve Bank lifts cash rate by 0.25 of a percentage point — as it happened

The treasurer says inflation will "get worse before it gets better" as the RBA announces a sixth consecutive monthly rise — as it happened.

ABC News

RBA announces sixth consecutive rate hike

The cash rate is now at a nine-year high of 2.6 per cent.

Newcastle Herald

Donald Trump sues CNN claiming defamation, RBA to raise rates again, and Ringo Starr cancels concerts — 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 on this morning's stories as they happened.

ABC News

Morning mail: Queensland police failure in assault case, UK U-turn on tax cuts for well-off, ID scam fears

Tuesday: Queensland and NSW police lost key documents and failed to investigate a series of alleged sexual assaults against a 14-year-old girl. Plus: the must-read books for October

The Guardian - AU

Paul Bongiorno: Time overdue for a conversation about our welfare state

The penny is dropping even in the citadels of western capitalism that trickle-down economics is no longer fit for purpose – if it ever was.

The New Daily

Here's what was happening in Australia the last time the cash rate rose this quickly

The rapid increase in interest rates feels all too sudden for borrowers, but it's not the first time this has happened. Here's how events played out almost 30 years ago.

ABC News

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ABC News

Reserve Bank set for another double-sized interest rate rise as borrowers brace for pain

The average mortgage borrower will be paying $760 a month more than they were just five months ago, if the Reserve Bank hikes interest rates as expected today, with existing borrowers slugged harder than newer customers.

AAP

RBA lifts cash rate by 25 basis points

The Reserve Bank of Australia has finally taken its foot off the accelerator and slowed the pace of tightening after a series of jumbo rate hikes.

The Guardian - AU

Big issues at play could cause the RBA to make smaller cash rate hikes

Lower rises expected for the rest of the year, economists say, with the possibility of a pause in the longer term

The New Daily

‘In their stride’: Why property prices might not fall as far as feared

Australia’s housing correction may not be as bad as feared as buyers take rising interest rates “in their stride”, a leading economist says.

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AAP

Rate rises tipped to slow in coming months

Mortgage holders will be watching the central bank's October decision nervously, with a rate rise of at least 25 basis points all but certain.

The Guardian - AU

Property prices dropped further in September and falls ‘could accelerate’ again with rate rise

Investors and banks predict RBA will raise cash rate further on Tuesday, while rent increases begin to slow around Australia

AAP

Another rate rise locked and loaded

At least another 25 basis point interest rate rise is expected when the Reserve Bank meets again, while house prices are tipped to fall for another month.

The New Daily

Monthly mortgage repayments could jump by $1000, as RBA weighs another rate hike

Homeowners with a mortgage of $500,000 could be facing monthly mortgage payment increases of just under $1000 by the end of the year

AAP

More homes selling at a loss

There's been an uptick in home owners selling at a loss as rising interest rates push property prices lower.

The Guardian - AU

PM indicates timeframe for Indigenous voice referendum – as it happened

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The New Daily

Alan Kohler: The RBA has done enough – it would be reckless to keep hiking rates

The RBA has already done enough: it would be reckless, heartless and dangerous to keep raising interest rates, Alan Kohler writes.

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