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Interest rates are on hold at 3.85%, as the Reserve Bank opts for caution over mortgage relief

By holding steady, the bank is signalling it is not yet fully convinced inflation is returning to target and is prepared to wait for further evidence before cutting again.

Retiring with debt? Experts explain downsizing, using super for your mortgage, and pension eligibility

Retirement communities provide vulnerable older Australians a unique opportunity to move into a community under a leasehold or licence agreement.

The Reserve Bank will now have a separate board just to set interest rates. Here’s why that’s significant

The reforms will create two separate boards for the Reserve Bank of Australia (RBA) – one will be focused on monetary policy, the other on governance.

RBA may deliver a cut by November and a further in February, and another by April, making a total of three before the due date for the federal election in May.

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

Must-read

53-foot tractor-trailer driver Baljeet Singh pleads guilty in deadly pileup, was playing phone game and fled to India

The crash killed 42-year-old mother Nancy Lefrançois and her 11-year-old son Loïc Chevalier, who were travelling in a passenger vehicle struck in the collision.

Indian Premier League could be played in Australia, Adelaide Oval explores plan

The proposal is part of a broader idea to strengthen cricket ties between Australia and India.

Perth toddler Sandipan Dhar’s death ‘probably preventable’ after missed blood test, coroner says

21-month-old Sandipan died in March 2024 after being taken to hospital with a persistent fever that had lasted for weeks.
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