Consumer spending the wildcard in rate hike uncertainty

23 May

Australian consumers have been saving rather than spending and a change in behaviour could complicate matters for the Reserve Bank, keeping interest rates higher for longer. The minutes from the central bank’s May meeting confirmed a rate hike was...[Read More]

Interest rates kept on hold despite inflation worries – leaving interest rates at 4.35 per cent

7 May

Borrowers have been spared more mortgage pain following the Reserve Bank of Australia’s decision to keep interest rates on hold for the fourth meeting in a row. The board came to its decision on Tuesday after two days reviewing the the state of...[Read More]

Inflation holds steady but services prove stubborn

28 March

The final stretch to bring inflation back to target is proving challenging, based on fresh data, though that is broadly what the Reserve Bank expected. The Australian Bureau of Statistics’ monthly inflation indicator held steady at 3.4 per cent...[Read More]

Swifties boost spending

14 March

The Australian economy got a leg up from Taylor Swift concerts but the much-anticipated visit was not enough to counter penny pinching elsewhere. Spending as tracked by Commonwealth Bank has been generally subdued and fell 0.3 per cent over the...[Read More]

Consumer price index steady at 3.4 per cent in January

28 February

Australia’s consumer price index held steady at 3.4 per cent in the 12 months to January, coming in below expectations. The index had been widely expected to rise by 3.6 per cent on an annual basis, when the data was released by the Australian...[Read More]

Jobs data on agenda as signs point to cooling inflation

18 January

All eyes will be on jobs data this week as Australians hope for more positive signs before the Reserve Bank’s first rate decision of the year. A slowdown in jobs growth is expected to show up in the Australian Bureau of Statistics’ December...[Read More]

RBA fires off Melbourne Cup day interest rate hike: The move takes the official cash rate to 4.35 per cent

7 November

Australia’s central bank has pulled the trigger on a widely-expected 25 basis point interest rate hike aimed at driving down stubbornly high inflation. The move takes the official cash rate to 4.35 per cent. Provided banks pass the increase on to...[Read More]

Heated inflation figures put rate hike firmly in play

26 October

The latest inflation data has come in hotter than expected and may stir the Reserve Bank into a Melbourne Cup Day rate hike. Consumer prices as tracked by the Australian Bureau of Statistics rose 1.2 per cent over the three months to September, up...[Read More]

Inflation surprise as rate of price growth slows in May

28 June

A sharp fall in consumer prices will take pressure off the Reserve Bank, but persistent growth in rents and services will keep further rate hikes in play. The consumer price index sunk back to 5.6 per cent in the year to May, from 6.8 per cent in...[Read More]

Record ninth consecutive increase to official cash rate: RBA lifting it 25 basis points to 3.35 per cent

7 February

Australian borrowers have been hit with a ninth cash rate rise in a row, with the Reserve Bank lifting it 25 basis points to 3.35 per cent. The RBA board said it expected further increases in interest rates would be needed in the months ahead to...[Read More]

New building activity slows as rates bite

18 January

New home building starts have plummeted by more than 20 per cent in 12 months as labour and material shortages continue to weigh on the construction industry. New building activity fell further in the September quarter after softening moderately in...[Read More]

ACCC probe to ensure savers get fair deal

11 January

The consumer watchdog has been asked to look into interest rates for savers amid concern banks aren’t offering their customers a fair deal. Treasurer Jim Chalmers urged the Australian Competition and Consumer Commission to investigate the matter,...[Read More]

Earnings, yield to drive returns in 2023

4 January

It’s been a tough year for most equities and investors will likely have to accept lower returns in 2023 – but Australia will still likely outperform its global peers, according to a boutique fund manager. SG Hiscock portfolio manager Hamish...[Read More]

RBA hikes interest rates 25 basis points

3 November

The central bank has pulled the trigger on another 25 basis point rate rise and upgraded its peak inflation forecasts off the back of higher-than-expected inflation. The seventh hike in the Reserve Bank of Australia’s policy tightening cycle...[Read More]

RBA decision risks higher cash rate peak

6 October

The surprise slowdown in the pace of rate rises risks dragging out the rate hiking cycle and forcing the central bank to go even higher than expected to dampen demand. The Reserve Bank of Australia’s 0.25 percentage point lift is the sixth...[Read More]