RBA

While all focus is on Optus, Telstra too is dealing with its own, much smaller, data breach, after the names and email addresses of 30,000 current and former ...

For those people inland, we urge you to stay abreast of the bureau’s warnings and the forecast, particularly as it is the end of the school holidays coming up. So the further rainfall, while looking to around a month or more worth of rain, particularly in inland areas of New South Wales, what this means is that we’ll start to see more of a flash flood risk as well as a riverine flood risk in the coming days. Now, this system is expected to move further east and bring moderate to heavy rainfall, quite widespread, to inland areas of New South Wales today and tomorrow, and then weaken as had moves towards the south-east on Thursday. The first one is expected to start to develop rain and thunderstorms over inland parts of New South Wales today. The threatened species action plan is an ambitious and a specific plan to stop further extinctions in Australia. Now, this doesn’t mean that we don’t look at other threatened species, but it means that these prioritised species create a kind of halo effect by focusing in on these species and these places, we have the biggest chance of success. $1.2bn on the Great Barrier Reef, and to make a number of other environmental investments. but it is the investment we need to set up our state for the future. We’re working through the recommendations at the moment and our government will provide a response to the Samuel Review by the end of the year. You see the number of people who volunteer and donate to environmental organisations, that Australians care about the environment. If the government is spending large amounts of money that otherwise wouldn’t have been spent, they’re putting the foot on the accelerator and the Reserve Bank has to put the foot on the brake. We understand this may cause some anxiety to our people, particularly in the current climate of heightened awareness around cyber security.

The average mortgage borrower will be paying $760 a month more than they were just five months ago, if the Reserve Bank hikes interest rates as expected ...

The RBA is trying to tame inflation without choking off economic growth, bringing economists and traders together in expecting just one more outsized ...

There's little doubt that the Reserve Bank will deal out an interest rate rise today - the only question is, how big will it be?

The big four banks have revealed exactly how high their economists expect the cash rate to rise when the Reserve Bank of Australia (RBA) board meets today.

Morning all, it's Jackie here in Sydney. The RBA may go big one last time before switching to slower tightening. But first...Today's must-reads:• South32 ...

The Reserve Bank of Australia lifted rates for the sixth consecutive month on Tuesday, October 4. The RBA board announced its decision at 2.30pm with a 25 ...

Digital journalist for ACM's regional titles. Before this role, I was the digital specialist with ACM's Agricultural division and prior to that chief of staff at The Land, where I started as a journalist in 2006. The September decline marks the fifth fall in a row in the national index as the impact of consecutive interest rate hikes plays out in the property market.

Millions of Australians being battered by the cost of living crisis have been dealt a fresh blow.

It is closely monitoring the global economy, household spending and wage and price-setting behaviour. Another is how household spending in Australia responds to the tighter financial conditions,” he said. If you can’t, start making cutbacks today.” “Most of the major banks are predicting the cash rate to peak in November 2022 and to hold steady then drop through 2024,” he said. Three of the big four banks predicted a larger increase to the cash rate on Tuesday. “The size and timing of future interest rate increases will continue to be determined by the incoming data and the board’s assessment of the outlook for inflation and the labour market.” “The variable that has the largest impact on whether a borrower falls into the ‘at risk’ category is related to household income – which is directly related to employment. “Borrowers should realise there’s a two- to three-month lag between when the RBA hikes the cash rate and when this extra money comes out of their bank account. “Higher inflation and higher interest rates are putting pressure on household budgets, with the full effects of higher interest rates yet to be felt in mortgage payments. “The average borrower may soon be paying an extra $760 a month in interest to their bank, at the same time their petrol and grocery bills continue to rise,” she said. “Today’s further increase in interest rates will help achieve a more sustainable balance of demand and supply in the Australian economy. The Reserve Bank of Australia has slowed the pace of interest rate hikes, announcing on Tuesday a 25 basis point increase to the cash rate.

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 2.60 per cent.

Australia's Reserve Bank has lifted its key interest rate for the sixth time in as many months as the central bank seeks to stifle inflation before it rises ...

The Reserve Bank has increased official interest rates amid warnings from the United Nations that tightening monetary policy is threatening a global ...

It is the first time since the RBA's initial hike in May that rates have risen less than 0.5 of a percentage point. RBA governor Philip Lowe said the bank's ...

"The risk to our call sits with a further 25-basis-point rate rise at the December board meeting, which would take the cash rate to 3.10 per cent." "From that point our central scenario has the RBA on hold as they the give themselves time to assess the lagged impact of rate rises on the Australian economy . "The size and timing of future interest rate increases will continue to be determined by the incoming data and the board's assessment of the outlook for inflation and the labour market. - The RBA's cash rate target has risen a further 0.25 of a percentage point to 2.6 per cent National Australia Bank was the first of the major banks to announce it was passing on the rate increase in full to variable loan customers, effective from October 14. The Reserve Bank has elected to slow the breakneck pace of interest rate rises, with the sixth straight hike being 0.25 of a percentage point instead of the widely expected 0.5.

The Reserve Bank of Australia (RBA) has lifted the nation's cash rate target for a sixth consecutive month...

"The cash rate has been increased substantially in a short period of time. "It's also the speed that's important here. Today's increase in interest rates will help achieve this goal and further increases are likely to be required over the period ahead," Lowe said in his monetary statement. "Conversely, in Australia the speed of mortgage rate increases and the larger loan amounts have the potential to cause a significant rise in mortgage default rates." "ANZ, NAB and Westpac are forecasting the cash rate to climb over 3 per cent by year's end, and Westpac is taking it a step further by tipping the cash rate to peak at 3.60 per cent in February," Canstar finance expert Steve Mickenbecker said. Reflecting this, the Board decided to increase the cash rate by 25 basis points this month as it assesses the outlook for inflation and economic growth in Australia."

Bond yields dived after the RBA defied markets with a smaller than expected cash rate increase, signalling the end of a sharp and short tightening cycle is ...

Bond futures still believe the RBA will keep raising interest rates until May next year, implying a terminal rate of 3.5 per cent, down from 4 per cent before the meeting. The Australian dollar stabilised around US64.94¢, down 0.3 per cent on the day. The 10-year rate shed 8 basis points to 3.71 per cent as the yield curve steepened. She added that if the central bank thought the peak was 4 per cent, it probably would still be tightening in larger increments. Email Cecile at [[email protected]](mailto:[email protected]) [The Reserve Bank raised the cash rate by 0.25 of a percentage point to the highest level in nine years, at 2.6 per cent, and flagged more increases in “the period ahead”.](https://www.afr.com/policy/economy/rba-returns-to-business-as-usual-0-25pc-rate-rise-20221004-p5bmyk) The central bank has lifted the benchmark rate by 2.5 percentage points in just five months in the fastest tightening cycle in modern history.

Australian borrowers are more sensitive to rate rises than their US counterparts, which is why the Reserve Bank can take a different path to other central ...

the 1.25 percentage point increase in the official cash rate since August ... [Karen Maley](/by/karen-maley-j7gd0)writes on banking and finance, specialising in financial services, private equity and investment banking. Correction: Corrects 8th paragraph to say ... Not only did he warn that further interest rate rises are likely, he added that the Reserve Bank’s board “remains resolute in its determination to return inflation to target and will do what is necessary to achieve that.” And the experience of 2018 to 2019 shows local households are quick to cut back on their spending, and their borrowing, in response to falling house prices. And that means the Reserve Bank doesn’t have to push interest rates as high to dampen household spending. In contrast, in the US, the dominant mortgage product is the 30-year fixed rate home loan, which means the Fed’s rate increases feed through to home loan repayments much more slowly. At present, mortgage repayments are only reflecting the 1.25 percentage point rise in interest rates between May and July – the 1.25 percentage point increase in the official cash rate since August 3 through October 4 has yet to flow through. This puts the bank on a different path to the US Federal Reserve, which increased US official rates by 0.75 of a percentage point at its September meeting to a new target range of 3 per cent to 3.25 per cent, and signalled it would likely climb to a new range of 4.25 per cent to 4.5 per cent by year-end. In the first place, Australian borrowers tend to take out variable rate loans, which move in tandem with the official cash rate. [delivered a welcome surprise](https://www.afr.com/link/follow-20180101-p5bmyk) to Australian businesses and households by deciding to nudge higher the official cash rate by a quarter percentage point, instead of the half-percentage-point rise that most economists were tipping. Australian borrowers are more sensitive to rate rises than their US counterparts, which is why the Reserve Bank can take a different path to other central banks

The central bank has slowed the pace of rate hikes, lifting the official cash rate by 25 basis...

"We still expect the RBA to tighten by 25bp in November, taking the cash rate target to 2.85 per cent," Mr Plank said. He said the latest rate rise and darkening clouds over the global economy would set the backdrop for a "responsible" budget in October. "Interest rate rises often have a lag effect, and so the effect of rising interest rates is often not immediate," Dr Chalmers told reporters in Canberra. The slower pace of monetary policy follows four consecutive 50 basis point rate hikes, and suggests the RBA is getting closer to its "neutral" setting. The 0.25 percentage point lift is the sixth rate hike in a row and brings the cash rate to 2.6 per cent. "Reflecting this, the Board decided to increase the cash rate by 25 basis points this month as it assesses the outlook for inflation and economic growth in Australia," he said on Tuesday.

The Reserve Bank has increased official interest rates amid warnings from the United Nations that tightening monetary policy is threatening a global ...

“And it doesn’t want to risk that tremendous achievement by pushing the economy into recession.” “The board expects to increase interest rates further over the period ahead,” he said in a statement. There are few signs, outside of the property sector, that demand has meaningfully changed,” he said. “But the current course of action is hurting the most vulnerable, especially in developing countries, and risks tipping the world into a global recession.” This is a matter of policy choices and political will,” the UN conference’s secretary-general Rebeca Grynspan said. It was the sixth consecutive increase in the cash rate, which has now been lifted by 2.5 percentage points since May.

Inflation is set to peak at 7.75 per cent in the December quarter which is well above the RBA's target range of two to three per cent. Follow the announcement ...

Digital journalist for ACM's regional titles. Before this role, I was the digital specialist with ACM's Agricultural division and prior to that chief of staff at The Land, where I started as a journalist in 2006. The September decline marks the fifth fall in a row in the national index as the impact of consecutive interest rate hikes plays out in the property market.

Australia's cash rate has been raised by 25 basis points. See how the big four banks and other lenders are lifting home loan rates.

Macquarie Bank will also offer a 12-month term deposit rate of 3.80% p.a. Macquarie Bank will offer a 4-month welcome rate of 4.00% p.a. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Qudos Bank interest rate rise (pending) Horizon Bank interest rate rise (pending) Gateway Bank interest rate rise (pending) Defence Bank interest rate rise (pending) Beyond Bank interest rate rise (pending) Bendigo Bank interest rate rise (pending) Australia's cash rate has been raised by 25 basis points. Bank Australia interest rate rise (pending) from 12 October.

National Australia Bank, Westpac and ANZ moved swiftly to match the Reserve Bank of Australia's 0.25 of a percentage point increase in the cash rate for ...

Mr Khan said his upgraded forecasts for ANZ Banking Group, Commonwealth Bank of Australia, NAB and Westpac were conservatively based on a terminal cash rate of 3 per cent. “It’s hard to see what impact these rate hikes have had so far,” she said. Westpac said it would reward some savers with matching increases in the deposit rates for three products as the banks moved hot on the heels of Tuesday’s cash rate increase. [Adding to delays in the transmission of higher rates to the economy is the fact that banks wrote record fixed-rate loans until this year](https://www.afr.com/companies/financial-services/nab-first-to-lift-as-discounting-fixed-loans-blunt-rba-20220908-p5bggr), with many mortgage holders only set to roll off rates as low as less than 2 per cent in 2023 and 2024. The two- to three-month lag in how long it takes banks to pass on the higher rates to their customers means the full impact of increases since May – the cash rate has risen from 0.1 per cent to 2.6 per cent – is still to be felt by home owners. “Higher inflation and higher interest rates are putting pressure on household budgets, with the full effects of higher interest rates yet to be felt in mortgage payments.”

Treasurer Jim Chalmers has warned storm clouds are gathering for a "probable" global recession, amid surging inflationary pressures which are spurring an ...