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YOU WONT BELIEVE: 23 | Mind Blowing Facts

The Lowe road – the RBA is treading a 'narrow path' between inflation and recession

It’s a tough time for central bankers the world over, but especially for Reserve Bank of Australia governor Philip Lowe.

The Conversation

RBA boss Philip Lowe says rate rises hurting households, indications are they will go higher

Reserve Bank governor Philip Lowe has given a strong indication more interest rate rises are on the cards despite nine back-to-back rises causing many households significant pain and leaving them struggling to make repayments on their mortgages.

ABC News

Watch: Nationwide heatwave, SA bushfire, Lowe grilled

Watch: Severe weather warnings are in place for large parts of the country as the nationwide heatwave sends temperatures soaring. Reserve Bank Governer

The New Daily

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RBA urges mortgage holders to hunt down better deals

Reserve Bank officials say record high rates of refinancing are keeping average home loan rates relatively low.

AAP

RBA governor sticks to the script on future rate rises

Not spooked by an unexpected uptick in the headline jobless rate, the Reserve Bank has stuck with its hawkish stance on interest rates.

AAP

ACCC asking why banks are slow to lift interest rates on savings accounts

The landscape for Australian savings rates is changing fast as banks begin to relent after the RBA’s February interest rate hike.

The New Daily

More light and less heat would be appreciated at Philip Lowe’s next grilling on Friday

Lost in the questioning from hostile senators was much insight into why the Reserve Bank wants to keep raising rates

The Guardian - AU

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The RBA’s predictions are so dire it’s no wonder people are less confident than they were when the pandemic hit

To survive the next two years of economic growth as predicted without tipping into a recession would be astonishing

The Guardian - AU

Afternoon Update: RBA boss defends job at Senate grilling; public school enrolments drop; and a sit-down with Lidia Thorpe

Philip Lowe tells Senate estimates interest rates will continue to rise, ‘but how far they need to go, we’re still unsure’

The Guardian - AU

Australia’s banks are not a source of economic dynamism but a drag on our economic and social welfare

The financial sector is not contributing as much to the national economy as it takes out

The Guardian - AU

Strong bank profits a 'positive', says RBA boss

The Reserve Bank governor has defended robust profits made by banks and says higher rates will eventually start eroding their earnings.

AAP

RBA boss reveals ‘disturbing’ letters from families as mortgage bills skyrocket

Reserve Bank boss Philip Lowe has revealed he's received a series of "disturbing" letters from families about their financial hardships.

The New Daily

Watch: RBA boss questioned, CBA bumper profit, Children’s cancer breakthrough

Watch: The Reserve Bank Governor Philip Lowe is currently being questioned over consecutive interest rate rises. The Commonwealth Bank has posted a bumper

The New Daily

Two missing after Queensland mine collapse – as it happened

This blog is now closed

The Guardian - AU

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Newcastle Herald

Expensive houses cop biggest Hunter property price hit

A buyer's agent says vendors' price expectations have not shifted with the market.

ABC News

Million households 'vulnerable' to rising interest rates, and their cuts could cause recession

A prominent economist now puts the risk of recession at 50 per cent, as households face the prospect of making substantial spending cuts to meet rising home loan repayments.

AAP

Flawed RBA predictions have 'damaged credibility'

The Reserve Bank's former governor has delivered a scathing assessment of its recent performance as current chief Philip Lowe faces a parliamentary grilling.

The Guardian - AU

Interest rates could peak at 4.1% amid sinking consumer confidence in Australia, says NAB

Major bank believes business conditions and confidence are improving as it sets cash rate prediction higher than other banks

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AAP

Consumer confidence plummets as cash rate lifts

The latest cash rate hike has mortgage holders worried as consumer confidence plunges to its lowest level since April 2020.

AAP

'Nothing untoward' in RBA head meeting bankers: Shorten

Cabinet minister Bill Shorten has defended Philip Lowe's decision to give a private briefing to bankers about interest rate rises.

The Guardian - AU

Morning Mail: sporting concussion’s hidden trauma, asylum seeker visa change, Gabrielle hits New Zealand

The death toll of 33,000 in the Turkey-Syria quake could double as parts of NZ hunker down as a second major storm in as many weeks

The New Daily

Alan Kohler: The undemocratic independent Reserve Bank

Politicians refer so often to the “independent” Reserve Bank that its initials should change to the IRBA, writes Alan Kohler.

ABC News

Overworked, underpaid and fed up: How these Aussies have been pushed to the brink

These people say they're overworked, underpaid and fed up. The reason behind their frustrations is on the rise in Australia, and rated the number-one issue for voters in the country's most-populous — and expensive — state.

ABC News

Treasurer says government's energy market intervention is already working to provide household relief

Treasurer Jim Chalmers tells ABC Insiders the federal government's intervention is putting downward pressure on electricity prices, and inflation remains the economy's greatest challenge.

The Guardian - AU

Jim Chalmers confident Australia will avoid recession despite warnings of more interest rate rises

The treasurer also noted ‘very encouraging’ signs on power prices falling, saying Labor’s energy price relief package was working

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