The Loop: China's special 'military operations', the fruit and veges facing shortages, and BTS on hiatus? Here's your quick catch-up for this morning's news. ABC News · Jun 14, 2022
Morning mail: aged care vaccine rollout ‘too slow’, PM approval rating rises, supermassive black hole found Wednesday: Only half of aged care residents have had fourth vaccine as deaths climb. Plus: jumping spiders in minute detail The Guardian - AU · Jun 14, 2022
Rising rates send confidence reeling Consumer confidence has tumbled to multi-year lows in the face of sharply rising interest rates, but low paid workers may gain a lift from a large pay rise. AAP · Jun 14, 2022
Decisive rate rise was needed: RBA's Lowe Reserve Bank of Australia governor Philip Lowe has justified the decision to raise the cash rate by 50 basis points last week in the face of rising inflation. AAP · Jun 14, 2022
Reserve Bank governor Philip Lowe warns it is unclear how high interest rates will go Philip Lowe has warned Australians they need to be prepared for substantial interest rate rises over the rest of this year, conceding he is not sure how high they might go. ABC News · Jun 14, 2022
Why savers are unlikely to benefit much from the RBA rate hikes RBA governor Philip Lowe jacked up the cash rate by a surprise 50 basis points on Tuesday. But savers are unlikely to benefit much in the short term. The New Daily · Jun 8, 2022
Michael Pascoe: The RBA is hunting down the bezzle Most of what is pushing up prices now won’t be affected by increasing interest rates – but higher rates will wound the bezzle. The New Daily · Jun 7, 2022
First homebuyers will likely be hit hardest by Australia’s interest rate rises Analysts warn economic consequences of RBA’s ‘blunt instrument’ attempt to limit inflation will fall disproportionately on outer suburbs The Guardian - AU · Jun 7, 2022
Reserve Bank hikes official interest rate by 50 basis points to 0.85% to curb inflation Decision exceeded predictions from economists while Westpac was the first of the big banks to pass on the rise in full to customers The Guardian - AU · Jun 7, 2022
RBA hike due to 'significant' inflation The Reserve Bank of Australia board has raised the cash rate to 0.85 per cent from 0.35 per cent in the face of higher-than-expected inflation. AAP · Jun 7, 2022
Reserve Bank hikes cash rate to 0.85 per cent The Reserve Bank has lifted the cash rate from 0.35 per cent to 0.85 per cent in a bid to curb rising inflation. It is the second hike in as many months. The New Daily · Jun 7, 2022
Mortgage squeeze as Reserve Bank lifts cash rate by 50 basis points Governor Philip Lowe noted in the decision that inflation has "increased significantly". Newcastle Herald · Jun 7, 2022
Laden with ‘world-beating’ debt, Australian households are at increased risk as rates rise, expert says Policies encouraging property investment have fuelled soaring debt ratio to create ‘big potential problem’, researcher warns The Guardian - AU · May 5, 2022
More interest rate hikes are coming, and housing affordability is about to get crunched Rock-bottom rates provided a buffer to soaring house prices, but that is over. Repaying a mortgage will be harder than ever The Guardian - AU · May 4, 2022
The Guardian - AU · May 3, 2022 Shock interest rate rise shows Australia’s economic exceptionalism is fading RBA’s decision is, in the words of one economist, ‘a radical revision’. Could this turn a plateauing of property prices into a rout?
The Conversation · May 3, 2022 View from The Hill: The interest rate rise is a political wild card The Reserve Bank, as expected, has thrown its wild card into the election campaign, but neither government nor opposition can be sure which side will be more damaged, or advantaged, by it.
The Guardian - AU · May 3, 2022 ‘Vote for us because we are not Labor’ is the most unfulfilling call to action in recent memory After the rate rise blow, Scott Morrison suggested Australians had been preparing for it and had ‘strengthened their balance sheets’. The rhetoric felt ludicrous
The Conversation · May 3, 2022 RBA Governor Philip Lowe is hiking interest rates. Worst case, it'll mean an extra $600 per month on a $500,000 mortgage Reserve Bank Governor Philip Lowe has announced he will lift the cash rate for the first time in a decade, by 0.25 percentage points, taking it from 0.10% to 0.35%.
The Guardian - AU · May 3, 2022 Paying off a mortgage? Here’s how the RBA interest rate rise will affect your repayments Rise to 0.35% increases median monthly home loan repayment by up to $118, but rates predicted to reach 2% in a year’s time
The Guardian - AU · May 3, 2022 Reserve Bank interest rates: RBA lifts official cash rate to 0.35% in first rise since 2010 Central bank raises rate by 0.25 percentage points in a move that will stoke cost-of-living debate ahead of federal election
AAP · May 3, 2022 RBA lifts cash rate, warns of more to come The Reserve Bank of Australia board has raised the cash rate by 0.25 percentage points to 0.35 per cent following its monthly board meeting.
The Guardian - AU · May 2, 2022 Interest rate rise: who makes the high-stakes decision and how does it get made? The RBA is considering raising the official cash rate for the first time since 2010 and the outcome will have big ramifications for the federal election
The Conversation · Apr 28, 2022 Grattan on Friday: Managing post-COVID a delicate balance for Anthony Albanese Philip Lowe mightn’t be a household name but the Reserve Bank governor finds himself catapulted right into the centre of this election campaign, in which events are proving more important than policies.
ABC News · Apr 28, 2022 The cost of living is surging, so why will the RBA add to it by raising interest rates? The Reserve Bank is increasingly likely to start raising interest rates next Tuesday. But why would it add increased interest costs to household budgets at a time when Australians are struggling with a surging cost of living? Michael Janda explains the economics behind it.
The Canberra Times · Apr 7, 2022 Rising rates will put pressure on default risk Rising interest rates will be a juggling act for the RBA with debt serviceability