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The Latest Breaking News from RBA

RBA fires off another rate hike to tackle inflation

The Reserve Bank of Australia has lifted interest rates for the 10th month in a row in its unwavering fight against high inflation.

AAP

RBA interest rates: Reserve Bank increases official cash rate to 3.6% in record 10th consecutive rise

Interest rates at highest level since mid-2012 as central bank continues to try to drive down inflation

The Guardian - AU

Reserve Bank hikes interest rates at 10th straight meeting

The Reserve Bank has raised its interest rates target another 0.25 percentage points in March and has signalled even further hikes.

The New Daily

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Reserve Bank of Australia raises interest rates to 11-year high, opens the door to a pause

The Reserve Bank of Australia (RBA) raises interest rates for the 10th consecutive meeting, taking the cash rate target to 3.6 per cent.

ABC News

Asia's very complicated pause in interest rates

Interest-rate pauses aren't exactly in trouble, but things are beginning to look awkward for officials eyeing a decent break. World growth isn't falling off a cliff and inflation has failed to ease up quite as expected in some big economies. The more fortitude the expansion shows, the greater the risk…

Bangkok Post

Another rate hike expected to fight stubborn inflation

The Reserve Bank is tipped to hike interest rates for the 10th time in succession and inflict further pain on already-stretched Australian households. The

The New Daily

Underlying Australia's inflation problem is a historic shift of income from workers to corporate profits

The three years since the onset of the pandemic have witnessed a dramatic redistribution of national income, away from labour compensation and towards business profits.

The Conversation

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The Reserve Bank is tipped to raise interest rates again, even as some families struggle to meet higher home loan repayments

Australia's major banks expect the Reserve Bank will lift the cash rate to its highest level since May 2012 later today, but thousands of families like Le Tran's are already having to make sacrifices to make ends meet.

ABC News

Beating heart of a city, but Newcastle's CBD is hard to find

Our council believes that the CBD is emerging as Newcastle West, and this store believes Cooks Hill qualifies. I reckon most Novocastrians still think it's uptown, where it always was. Can anyone enlighten me?

Newcastle Herald

Australia returns trade surplus of $11.6 billion

Australia has reported another trade surplus ahead of the RBA's March cash rate decision, which is broadly expected to result in another hike.

AAP

Interest rate rises: is there a less painful way to curb inflation?

The Reserve Bank of Australia’s monetary policy has been criticised as unfair and ‘too blunt’. But what are the alternatives?

The Guardian - AU

Newcastle and Lake Macquarie on 'mortgage cliff' as owners brace for latest rate hike

The RBA lifted the cash rate to 3.60 per cent.

Newcastle Herald

Pressure on Labor over tax cuts, amid broad support for super hikes

Pressure is mounting on the federal government over tax cuts, amid support for super changes and ahead of another interest rate rise.

The New Daily

Mortgage holders brace for more interest rate pain

The Reserve Bank is expected to hike interest rates again this week and turn up the heat on already stretched household finances.

AAP

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The New Daily

‘Incredibly difficult’: RBA prepares 10th straight rate hike, despite slowing economy

Struggling home owners face more bad news this week as the Reserve Bank prepares yet another hike in interest rates.

The New Daily

RBA poised to turn the screws on mortgage holders with a tenth rate hike

Already feeling the pain after nine interest-rate rises, mortgage holders are almost certain to come under even more pressure this week

AAP

Reserve Bank's cash rate decision to dominate agenda

The Reserve Bank of Australia's March cash rate decision and a speech from the governor Philip Lowe will be the highlights of this week's economic news.

The New Daily

Why are Australian households struggling as corporate profits soar?

Everyday Australian’s are struggling to keep up with the rising cost of living with soaring inflation hurting households’ hip pockets.

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AAP

New house approvals slide for fifth month in a row

Approvals for new homes remains subdued as stubbornly high inflation and rising interest rates weigh on demand for home-building.

The Guardian - AU

Rate rises are hitting home as real incomes fall and the economy slows. What an achievement!

Weak growth anticipates worse to come, given the promise of further RBA hikes and the economy has already begun to fall

The New Daily

Economists back tourists and international students to keep Australia out of recession

Sharp interest rate hikes are putting families under pressure, slowing economic growth, but a tourism rebound is providing recession optimism.

The Conversation

Inflation still the 'defining challenge' as Australia's economic activity slows

Australia has recovered better than most from the COVID pandemic. As measured by gross domestic product (GDP), the economy is now 7% larger than it was before the pandemic.

The Guardian - AU

Afternoon Update: ‘Worst of inflation behind us’; China angry over TikTok bans; and why you should walk 11 minutes a day

Australia’s economy loses steam as interest rates bite

The New Daily

Australian economy slows as families suffer

Australia’s economy continued to slow over the final three months of 2022 as households tightened their belts, new official data has revealed.

The Guardian - AU

Court throws out ‘inappropriate’ bail conditions on student arrested after Sydney protest at Reserve Bank

Magistrate says she ‘didn’t understand’ why police imposed bail on woman, 23, who was charged with trespass after protest last month

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