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THE TRUTH ABOUT: 61 | History Defined

Mining leads fall in business turnover

Business turnover has eased in seven out of 13 industries, with mining activity falling after seven months of lifts.

AAP

Philip Lowe admits the RBA erred on its rate rise timing – but there were messaging misfires too

Could Australia’s reserve bank have done a much better job of controlling inflationary expectations?

The Guardian - AU

Bank of Canada gives hope of better times, as oil continues to tumble

Central banks around the world are rising rates, but offering hope that the end is in sight, while crude oil hits a seven-month low.

The New Daily

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read the most diverse news in one place.

RBA boss Philip Lowe flags slower rate hikes, rebukes critics calling for his resignation

Reserve Bank governor Philip Lowe has foreshadowed slower mortgage bill hikes later this year as the bank grapples with massive uncertainties about the outlook for soaring inflation and the economy.

The New Daily

RBA governor warns at least two more interest rate rises needed to combat ‘scourge’ of inflation

Philip Lowe admits ‘the magnitude of the pickup in inflation has come as a surprise to everyone’

The Guardian - AU

RBA governor alludes to slower rate hikes

More rate hikes are in store and the case for a slower pace of tightening grows stronger, the Reserve Bank of Australia's governor says.

AAP

Big rate hikes could be over: RBA boss

There is a good chance Australians have seen the last super-sized rate hike for a while, according to a speech by the central bank governor.

AAP

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Latest interest rate rise hits borrowers and further damages Reserve Bank's reputation

RBA delivers more pain to borrowers

Newcastle Herald

How the latest RBA interest rate rise will impact WA, the most mortgaged state in Australia

Data shows WA is the most mortgaged state in the country and has the largest gap between wage growth and inflation, but comparatively low house prices continue to shield sandgropers from further pain as interest rates rise yet again.

ABC News

Economists predict slowdown for Australian economy as interest rates continue to rise

Soaring commodity exports and positive agricultural forecast expected to be balanced by Reserve Bank’s moves to counter inflation

The Guardian - AU

RBA raises rates for a record fifth month, but many are yet to feel mortgage pain

Households will be hit with another hike in their mortgage bills after the RBA increased interest rate for a record fifth month in a row.

The New Daily

The Loop: The Reserve Bank lifts rates, a record AFL deal, mixed reviews for Don't Worry Darling, and have The Veronicas split?

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

ABC News

Newcastle homeowners feel the pinch after latest rate rise

The official interest rate jumped 0.5 per cent bringing it to 2.35 per cent and at a seven-year high on Tuesday.

Newcastle Herald

RBA interest rates: Reserve Bank raises official rate to 2.35% amid inflation fears

The RBA decision brings the cash rate to the highest level since 2015, with mortgage holders set to face higher repayments

The Guardian - AU

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The New Daily

Reserve Bank hikes interest rates to seven-year high

The Reserve Bank has lifted the official cash rate by another 0.5 basis points, to take official rates to a seven-year high.

AAP

RBA hikes rates, says more on the way

The Reserve Bank has lifted Australia's official cash rate by 50 basis points to 2.35 per cent in the latest of a string of hikes.

ABC News

Interest rate updates: RBA increases cash rate for fifth month in a row — as it happened

The Reserve Bank lifts interest rates for the fifth month in a row, taking the cash rate to 2.35 per cent, a seven-year high. Look back on Tuesday's developments.

The Guardian - AU

McKim calls for Lowe to stand down – as it happened

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ABC News

Australian shares drop as the Reserve Bank hikes rates again

It started off optimistically, but the ASX 200 lost ground on Tuesday as the market was hit by another rate hike.

ABC News

The Loop: One suspect in Canadian stabbing murders found dead, Frances Tiafoe knocks Nadal out of US Open, Tracy Grimshaw to leave A Current Affair

What 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.

ABC News

CBA warns of mortgage lags as Reserve Bank set for another super size interest rate rise

The Commonwealth Bank is warning of the risk a three-month mortgage lag poses to the economy if the Reserve Bank keeps raising interest rates aggressively.

AAP

RBA flags end of big-hit cash rate rises

The Reserve Bank of Australia board has lifted rates again, with economists expecting more moderate rate hikes to follow.

The Guardian - AU

Climbing interest rates yet to bite most Australian mortgage holders, economists say

As the RBA meets to consider the cash rate, analysts warn the impact of previous rises is yet to be felt fully

The New Daily

Market Wrap: Banks around the world set to raise rates as inflation soars

All eyes will be on central banks this week as markets braces for the fallout of hefty rate-rise announcements around the globe - including Australia.

ABC News

If there's a double interest rate rise this week, more borrowers become 'mortgage prisoners'

As banks impose tougher lending standards and interest rate hikes drive property prices down, more Australians who borrowed at the height of the pandemic housing boom will find themselves in a mortgage trap, unable to refinance.

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