Promise of 'light at end of the tunnel' for inflation
Covered by 10 sources
- The West World·10h agoTrump’s war with Iran ‘big driver’ in Australia’s ‘inflation challenge’: Chalmers
Australians are bracing for the highest interest rates in 15 years, and the Treasurer has laid part of the blame on “decisions on the other side of the world”.
Read at The West World → - ABC Australia Top·13h agoThe RBA has no choice but to hike rates as US currency crown slips
Against the backdrop of war in Iran, a trade war with Canada and bond sell-offs, trust in the US dollar appears to be weakening, and it will likely have an impact today when the RBA announces its rate decision.
Read at ABC Australia Top → - 7NEWS Australia·23h agoFederal budget improves but households still face likely interest rate hike
Labor is claiming a win, but all eyes are now on the looming Reserve Bank decision.
Read at 7NEWS Australia → - The Conversation AU·1d agoJim Chalmers blames likely interest rate rise on Middle East war
Treasurer Jim Chalmers has prepared the way for Tuesday’s expected interest rate rise by pointing to the inflationary pressures from the ongoing Middle East conflict. Chalmers said Monday that while he wasn’t going to predict the decision of the independent Reserve Bank, there…
Read at The Conversation AU → - The West Lifestyle·1d agoThe brutal truth on why the Reserve Bank will just keep on hiking interest rates
The RBA is at pains to say each time the cash rate is increased to fight inflation that rising costs hurt everyone. What’s not acknowledged is that the pain isn’t proportional. And households aren’t to blame.
Read at The West Lifestyle → - SBS Australia·1d agoHundreds of dollars a year: How tomorrow's RBA decision could affect borrowers
The Reserve Bank of Australia will make its next cash rate call on Tuesday and impact millions of Australians' finances.
Read at SBS Australia → - Guardian Australia·1d agoAustralia news live: Chalmers and Gallagher to present final budget outcome; RBA interest rate hike looms
Follow the day’s news live. Get our breaking news email, free app or daily news podcast Rising unemployment, stubbornly high inflation and a looming interest rate hike are piling misery onto Australian consumers, but Labor insists better days are on the horizon, Australian…
Read at Guardian Australia → - ABC Business AU·1d agoRBA tipped to hike rates tomorrow
The Reserve Bank is meeting tomorrow for the sixth time this year, and both financial markets and economists think it is almost certain it will raise interest rates for the fourth time.
Read at ABC Business AU → - Guardian World·1d agoRBA expected to hike cash rate to 4.6%, its highest level since 2011
Outcome of meetings of Reserve Bank on Monday and Tuesday will affect Australian mortgage rates, household budgets and house prices Get our breaking news email, free app or daily news podcast Australia’s key interest rate is expected to hit its highest level since 2011, drag…
Read at Guardian World → - The West Business·2d agoPromise of 'light at end of the tunnel' for inflation
Labor is determined to inject optimism into Australia's gloomy consumers as another interest rate hike appears all but certain.
Read at The West Business →