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RBA raises interest rates as inflation pressures remain high

The Reserve Bank of Australia (RBA) has lifted the cash rate by 25 basis points to 3.85%, adding to pressure on households and businesses. While the move was widely expected by markets and most economists, the Reserve Bank says inflation risks remain too high to be comfortable.

The Conversation

Grim forecasts for Aussie inflation and unemployment

The Reserve Bank has revised up its prediction for core inflation, with price growth expected to remain above its midpoint target despite higher interest rates.

AAP

RBA interest rates decision: Reserve Bank increases cash rate to 3.85% in blow to mortgage holders

Shortest rate-cutting cycle in the RBA’s modern history ends after unexpected jump in inflation

The Guardian - AU

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Aussie shares bounce, but RBA rate rise caps upside

Australia's share market has rebounded as precious metals recovered from a sell-off, but an increase in borrowing costs has weighed on sentiment.

AAP

Morning Mail: Bernardi goes to One Nation, David Copperfield claim in Epstein files, purple tomatoes get green light

Former Liberal senator Cory Bernardi will lead One Nation’s ticket for the legislative council at the upcoming South Australian election

The Guardian - AU

Borrowed time: rate hike unlikely to be one-and-done

Mortgage holders could face back-to-back rate hikes after the Reserve Bank raised interest rates amid rising inflation pressures.

AAP

Most experts think the RBA will hike the cash rate. Here’s why that may not be a good idea

There are factors beside inflation that the board needs to consider, most notably the labour market

The Guardian - AU

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Mortgage holders brace for hundreds more in repayments

Two incorrect assumptions have set the Reserve Bank on track for a costly U-turn on interest rates, with borrowers facing steeper repayments on their mortgages.

AAP

Most mortgaged homeowners won’t see repayments increase if the RBA hikes interest rates this week

Those who stuck to minimum loan repayments through last year’s rate cuts will bear the brunt of Tuesday’s anticipated hike, while those already paying extra are in a ‘great position’

The Guardian - AU

Morning Mail: Turning Point eyes Australian politics, real estate agent data exposed, Alcaraz triumphs over Djokovic

Carlos Alcaraz completes career grand slam in Melbourne; warnings real estate platforms may not be secure; Turning Point aims to influence Australian elections

The Guardian - AU

Why some economists go against the flow on RBA rate bet

The Reserve Bank is widely tipped to become the first major central bank on Tuesday to U-turn from rate cuts to rate hikes in the post-COVID inflation era.

AAP

Delayed pay? You're not the only one hit by RBA glitch

A technical issue at Australia's central bank has forced employees to wait hours for pay and created delays for those hoping to settle on properties.

AAP

The easy thing for the RBA to do next week is raise interest rates. The smart move is to wait

Oh no, inflation went up in one month – we need rates to do something! But first, let’s take a closer look at those figures

The Guardian - AU

Australian inflation jumps, adding to chances of an RBA interest rate hike

Inflation has risen further above the Reserve Bank of Australia’s 2–3% target. There is now a very real prospect the Reserve Bank will feel it needs to increase interest rates at its meeting next week, with an announcement due on Tuesday afternoon.

The Conversation

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AAP

Aussie shares slip as hot inflation points to rate hike

A weaker US dollar has helped support energy and materials stocks, while narrowing bets on interest rate hikes have dragged the broader bourse lower.

AAP

Rate rise pain all but certain after inflation shock

Hotter-than-expected inflation figures have convinced analysts the Reserve Bank will lift rates as soon as next week, heaping pressure on mortgage holders.

AAP

Key RBA concern eases ahead of crucial inflation print

An easing in capacity constraints will help soothe some worried minds at Martin Place, but hot inflation data could still force the Reserve Bank to hike rates.

AAP

All eyes on crucial data ahead of first RBA meeting

Home owners will wait with baited breath for the Reserve Bank of Australia to hand down its cash rate decision after the release of inflation figures.

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AAP

Healthy jobs market spells rate pain for borrowers

Upcoming inflation data will be make or break for a Reserve Bank rate hike decision following stronger than expected jobs figures, economists say.

The Guardian - AU

A stooge in the US Fed could blow out inflation in Australia – but Trump is unlikely to get his way

Global consequences likely to be severe if the president is able to take control of US central bank

The Guardian - AU

Donald Trump trashed global economic orthodoxy. A year on, did he leave Australia a winner or loser?

While tariffs have been ‘all show and no substance’, economists fear an AI investment bubble and tensions in the South China Sea, along with Trump’s attacks on the Federal Reserve’s independence

AAP

Hot or not? Strong spending complicates rate picture

Upcoming data will give the Reserve Bank a better sense of whether higher interest rates are required to take the heat out of Australia's economy.

The Guardian - AU

In a world going to hell, investors are flocking to gold. Australia could have had much more of it

A decision to sell two-thirds of Australia’s gold reserves in the 1990s is starting to look like a bad one as global uncertainty reigns

The Guardian - AU

How would a Trump takeover of the Fed affect Australia?

Central banks are given independence so they can make unpopular, inflation-beating decisions on interest rates

AAP

Robust jobs market risks adding fuel to inflation fire

Australia's labour market remains tight, with limited spare capacity keeping pressure on already-high inflation and shortening the odds of interest rate hikes.

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