The S&P 500 experienced a notable decline of 3.3 per cent in early trading on Thursday, with the Dow Jones Industrial Average plummeting by 1,150 points and the Nasdaq composite …
interest rates
- Politics
- National
Coalition’s Promise to Ease Bank Lending Regulations for Home Ownership Deemed a ‘Recipe for Disaster’ by Greens
by adminThe Coalition’s recent election commitment to ease home lending regulations for first-time buyers has drawn criticism, with the Greens dubbing it a “disaster waiting to happen.” Shadow Housing Minister Michael …
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The Reserve Bank of Australia (RBA) is anticipated to maintain the current cash rate at 4.10 per cent following its two-day meeting, with the official announcement set for 2.30pm (AEDT). …
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Mortgage holders in Australia expecting interest rate relief from the Reserve Bank of Australia’s (RBA) upcoming meeting are likely to be disappointed. A recent Finder survey, involving 34 economists, indicates …
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The US Federal Reserve has chosen to maintain interest rates, reflecting a cautious approach as officials evaluate the effects of President Donald Trump’s economic policies. This decision followed a two-day …
- National
Former RBA Governor Philip Lowe: Don’t Attribute Economic Hardship to Interest Rates
by adminFormer Reserve Bank of Australia governor Philip Lowe has stated that high interest rates are not the primary cause of Australia’s ongoing cost of living crisis. In an interview with …
- Finance
Inflation Remains Stable, Yet Core Figures Climb, Dashing Hopes for a Second Rate Cut
by adminAustralia’s consumer price index (CPI) for January has held steady, although a rise in core inflation has diminished expectations for a potential second interest rate cut in the early part …
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Western Australia has experienced a significant 42 per cent rise in business insolvencies, with over 1,000 companies failing from January to December last year. This alarming trend highlights the severe …
- National
RBA Acknowledges Delayed Response to Surge in Inflation, Cautions Australians Against Expecting Further Rate Cuts
by adminIn a recent admission, Reserve Bank of Australia (RBA) Governor Michele Bullock acknowledged that the bank was slow to respond to rising inflation by increasing interest rates. Reflecting on past …
- National
Here’s a clear breakdown of what the average mortgage holder must save to stay financially secure.
by adminThe Reserve Bank of Australia (RBA) has reduced the cash rate by 25 basis points, lowering it to 4.10 per cent. This decrease could lead to an average monthly home …