Economists will be hoping the minutes from the Reserve Bank’s latest board meeting will provide some further clues as to when an interest rate increase can be expected. Economists are now generally expecting an increase in the cash rate in June after RBA governor Philip Lowe dropped the long-used word “patient” from his post-board meeting […]
The Reserve Bank of Australia is looking for more clarity on the current state of inflation, having likely accelerated since its last set of forecasts in February. The central bank left the official cash rate unchanged at a record low 0.1 per cent at Tuesday’s monthly board meeting, but indicated that it is now more […]
The Reserve Bank believes the economy remained resilient in the face of the Omicron variant and activity is expected to pick-up, but the war in Ukraine has cast a cloud over the inflation outlook. The Australian Bureau of Statistics will issue its household impacts of COVID-19 survey for February on Wednesday, which will show the […]
Reserve Bank of Australia governor Philip Lowe has warned the rate of inflation could reach at least four per cent and an increase in the cash rate from its record low is plausible this year. He told a business conference the risks on inflation have clearly moved to the upside as a result of rising […]
Colin Brinsden, AAP Economics and Business Correspondent (Australian Associated Press) Reserve Bank governor Philip Lowe says recent data indicates that Australia is making better-than-expected progress in achieving the two to three per cent inflation target, but “we still have a way to go”. While at 2.1 per cent in the September quarter, underlying inflation […]
Colin Brinsden, AAP Economics and Business Correspondent (Australian Associated Press) A Reserve Bank official believes that when an interest rate rise finally comes it is unlikely to have a detrimental impact on many borrowers in Australia. That’s because a majority of people actually pay off more of their mortgage than required by the loan […]
Colin Brinsden, AAP Economics and Business Correspondent (Australian Associated Press) Reserve Bank governor Philip Lowe has warned people taking out loans that the central bank’s aim is to normalise monetary policy after the shock of the COVID-19 pandemic and get interest rates up. He told an economists’ lunch on Tuesday that Australian households already […]
Economists generally believe it is highly unlikely the Reserve Bank of Australia will lift the cash rate before this year’s federal election due by May. But Treasurer Josh Frydenberg is quick to remind voters such decisions are entirely up to the independent central bank. Financial markets are pricing in the risk that the RBA will […]
Colin Brinsden, AAP Economics and Business Correspondent (Australian Associated Press) Reserve Bank of Australia governor Philip Lowe says raising interest rates to curb a heated housing market is not appropriate and would do more harm than good to the overall economy. A new survey found almost a third of Australians would be happy to […]
Be a good student of history to understand what comes next for interest rates and share markets, a leading banker says. Better COVID-19 treatments and highly effective vaccines mean the 2022 focus will shift to what is happening in the economy, Goldman Sachs boss David Solomon said during a podcast released on Friday. Speaking to […]
