The Latest Breaking News from Michele Bullock

Australia just became the odd one out.

Australia’s central bank has lifted its benchmark interest rate for the first time since June with a quarter percentage point hike that brought the cash rate to a 12-year high of 4.35%

Each of Australia’s big four banks is now predicting a rate rise in six days’ time on Melbourne Cup Tuesday. It would add another A$77 to the monthly cost of servicing a $500,000 mortgage and be enough to take the total extra monthly impost since rates began climbing to more…

An expected rate hike on Melbourne Cup Day has impacted the number of homes going under the hammer, with clearance rates tipped to jump.

At a White House briefing early this week, Joe Biden’s press secretary, Karine Jean-Pierre, was asked whether there’d been any thought of postponing Anthony Albanese’s state visit because of the Middle East conflict.

The top stories out of the fourth day of Senate estimates.

A man is reported to have opened fire at a bowling alley and bar in Maine’s second-largest city of Lewiston in the US

The local share market has finished at its lowest level in a year amid war in the Middle East, rising bond yields and expectations of more rate hikes.

Michele Bullock tells Senate estimates ‘we might need to go again’ as Westpac joins other big banks in predicting November rate rise