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UNBELIEVABLE: 5 - Caught on Camera

Higher interest rates may not slow inflation, and central banks are partly to blame

The Reserve Bank of Australia’s decision to raise the cash rate may backfire and cause economic instability

The Guardian - AU

1970s-style stagflation now playing on central bankers' minds

“Stagflation” is an ugly word for an ugly situation – the unpleasant combination of economic stagnation and inflation.

The Conversation

Profits push up prices too, so why is the RBA governor only talking about wages?

Reserve Bank of Australia governor Phillip Lowe has invoked memories of the 1970s, warning wage growth must be restrained to contain Australia’s surging inflation.

The Conversation

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Where did the RBA find evidence of wage growth?

The Reserve Bank of Australia is facing a federal government review, and we found one good reason for it: Wages growth data has come from a source that an expert called not "statistically valid".

ABC News

Australia's Reserve Bank has got a lot right, but there's still a case for an inquiry

Treasurer Jim Chalmers is about to commission an independent review of the Reserve Bank of Australia. Refreshingly, his election promise was bipartisan – both sides of politics want it.

The Conversation

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

Rate spike 'difficult news' for households

Treasurer Jim Chalmers says the 50 basis point increase in the cash rate by the Reserve Bank of Australia will be difficult news for households.

AAP

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At 3.9%, Australia's unemployment rate now officially begins with '3'. What's next?

Early in the election campaign, on April 14, we learned that Australia’s unemployment rate had slipped below 4% in March, to 3.95% – the lowest rate in 48 years.

The Conversation

Rates, inflation to take edge off growth

New data suggests the sharp rise in inflation and an expected rapid rise in interest rates will take the edge off Australia's economic expansion.

AAP

RBA contemplated larger cash rate hike

The minutes of the Reserve Bank of Australia's May board meeting show there was concern among board members about waiting to raise the cash rate.

AAP

New regulations coming to payment systems

The government is developing a new framework for regulating payment platforms, Reserve Bank of Australia deputy governor Michele Bullock says.

AAP

Markets turmoil and interest rate rises: the economic challenges facing Australia after the election

Soaring energy costs, stagflation fears and calls for higher wages are just some of the bumps in the road awaiting a new or returned government

The Guardian - AU

Spending up in March quarter despite COVID

Retail spending grew 1.2 per cent in the March quarter to a record $93.2 billion, to be 4.9 per cent higher than a year earlier.

AAP

Many struggled even before rate increase

A new survey has found almost one-in-three borrowers were struggling to make ends meet even before the Reserve Bank of Australia raised the cash rate last week.

AAP

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AAP

RBA sets scene for steady rise in rates

The Reserve Bank of Australia has jacked up its inflation forecasts, indicating there will be a steady rise in interest rates for the rest of this year.

Pedestrian.tv

Interest Rates Just Rose So What Does This Mean For Your Money, Rent & ‘Ability’ To Buy A Home?

The interest rate in Australia just rose for the first time in a decade. What does this mean for cost of living, rent and first home buyers?

Al Jazeera

Australia hikes interest rates in potential election shakeup

Reserve Bank of Australia’s move means millions of Australians face higher repayments on their home loans.

AAP

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.

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AAP

Rate hikes needed to curb inflation: RBA

Reserve Bank governor Philip Lowe has warned that without increases in interest rates, inflation will be a lot higher than present.

The Conversation

Clive Palmer's promise to cap mortgage rates at 3% would make it much harder to get a home loan

Clive Palmer’s United Australia Party continues to make waves in the federal election campaign, most recently with advertisements on massive billboards pledging a “maximum 3% interest rate on all home loans for five years”. But does this promise stack up?

Al Jazeera

Australia’s prices surge at fastest pace in two decades

Soaring prices come as Prime Minister Scott Morrison fights a tough election campaign.

Al Jazeera

In property-mad Australia, borrowers brace for pricier mortgages

The Reserve Bank of Australia is expected to announce multiple increases in its benchmark interest rate this year.

AAP

RBA warns watching inflation, wages data

The Reserve Bank of Australia board has left the cash rate unchanged, but warns it will be monitoring inflation and wages figures in coming months.

AAP

Bullock appointed Reserve Bank deputy

The Reserve Bank of Australia has its first female deputy governor in its 62-year history, Michele Bullock, who replaces the retiring Guy Debelle.

Benzinga

Central Banks, Bank For International Settlements Develop Digital Currencies Platform Prototype

Central banks are trying to come to terms with emerging payment technologies pioneered by tech firms. Meta Platform Inc's (NASDAQ:

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