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Reserve Bank of Australia Maintains Interest Rate in Strategic Decision Amidst Economic Adjustments

By holding interest rates steady, the RBA aims to achieve a delicate equilibrium, ensuring that inflationary pressures are contained without stifling economic momentum.

Why Australian workers’ true cost of living has climbed far faster than we’ve been told

While the consumer price index increased 5.4% in the year to September, the living cost index for households headed by wage earners climbed 9%.

Interest rates will eventually fall but it’s a bit early for mortgagees to break out the champagne

The bank has always aimed at the midpoint of the target as the most likely way to ensure inflation averages within it.

The 7 charts show Australians struggling as savings fall to near zero

For individual Australians, it was even worse – growth per head went backward, in what some economists call a “per capita recession”.

RBA decides to hold interest rates, bringing relief amidst ongoing economic challenges

The possibility of further tightening of monetary policy will depend on evolving data and risk assessments.

Reserve Bank of Australia almost certain to raise interest rates after IMF sounds alarm on inflation

Living costs working-age borrowers are increasing at a higher rate than any other, fuelled by a 9.3% growth in mortgage interest charges

Breathe easy RBA has kept interest rates on hold

Goods price inflation has eased, but the prices of many services are rising briskly

Homeowners’ anxious wait as RBA to take a close call on interest rate

Once all 12 hikes are passed on, RateCity analysis has the average borrower with a $500,000 mortgage stumping up well over $1100 extra

Breath easy, Reserve Bank hits pause on interest rates

"Some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable time-frame."

RBA increases interest rate by 25 basis points to 3.85 per cent, indicating it’s not last

Some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe.

Must-read

Melbourne family shattered by loss of 16-year-old son, calls for better pedestrian protection

Chris Rua Antony died in hospital on February 20, a week after he was struck by a car while walking home from school along Pound Road in Narre Warren South.

Gaza’s endless War: Proxies, misinformation, and the civilians caught in between

Many senior Hamas leaders have lived for years in luxury abroad, in places such as Qatar and elsewhere, far removed from the consequences of the war they help direct.

Albanese and ministers join Ramadan celebrations, encouraging wider community participation

Social Services Minister Tanya Plibersek described Ramadan nights in Lakemba as one of Sydney’s great traditions, pointing to the bustling streets and strong sense of community.
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