RBA rate rise

Six months ago, before the Reserve Bank of Australia began raising interest rates, it outlined the risks to financial markets, including the level of housing ...

The delay of at least three months between rate rises and the full impact being passed on to borrowers is another reason the RBA might take a break. “It looks like vendors are just waiting on the sidelines for the dust to settle and maybe selling conditions to improve,” he said. A 20% drop would return them to January 2021 levels, or roughly their average at the end of 2017. “They don’t seem to care if they are trigging a [US] recession or not,” he said. NAB’s chief economist, Alan Oster, said he would be looking for signs the RBA was shifting back to quarter-percentage point moves. They predict smaller 25 basis point rises in both November and December, with the cash rate peaking at 3.35%.

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.