Australia’s unemployment rate has unexpectedly fallen to 3.9% in November, according to the latest data from the Australian Bureau of Statistics. This decline surpasses the anticipated rise to 4.2%, marking …
interest rates
-
- Cost of Living
‘It’s Intentional’: RBA Maintains Rates, Providing Strongest Indication Yet That Relief is on the Horizon
by adminThe Reserve Bank of Australia (RBA) has decided to maintain the official cash rate at 4.35% for the ninth consecutive meeting, indicating a shift in its previously aggressive stance on …
- Finance
Global Economic Body Predicts Significant Drop in Interest Rates Over the Coming Year
by adminAustralia may soon witness a reduction in interest rates, possibly dropping by one full percentage point, according to the Organisation for Economic Co-operation and Development (OECD). This prominent financial organisation, …
- Finance
Prospects of an Early 2025 Rate Cut Fade as ANZ Joins Two Other Banks in Revising Forecasts
by adminANZ has revised its prediction regarding when the Reserve Bank of Australia (RBA) is likely to start reducing interest rates, becoming the third major bank to do so. According to …
- Finance
Inflation has returned to target levels, but the RBA is holding off on rate cuts until it sees significant further improvement.
by adminRBA Governor Michele Bullock has firmly dismissed any notions that recent positive inflation figures would precipitate an early interest rate cut. While inflation has dropped to its lowest since the …
-
Inflation in Australia has remained at its lowest level in over three years, with the consumer price index (CPI) holding steady at 2.1 per cent for October, matching the previous …
- Finance
No respite for aspiring first-home buyers as regulator maintains buffer rate at 3 per cent.
by adminAustralia’s banking regulator, APRA, has declined to reduce the serviceability buffer for new mortgages, maintaining it at 3 per cent despite calls from the Australian Banking Association, NAB, ANZ, and …
-
ANZ has recently followed Commonwealth Bank and NAB in reducing its variable home loan interest rates, despite the Reserve Bank of Australia’s (RBA) indication that an official interest rate cut …
-
Westpac has revised its forecast for the first cash rate cut, now expecting it in May 2025 instead of February. This update aligns with NAB’s recent predictions. In a positive …
- Finance
Australians Are Feeling the Pinch: Increased Income Required to Cover Rent and Mortgage Payments
by adminA recent report from ANZ and CoreLogic highlights the escalating financial burden Australians face regarding housing costs. On average, households earning around $101,000 are now dedicating an unprecedented 33% of …