Philip Lowe

Home owners are ringing in the festive period with a present they cant re-gift, after the RBA announced a rate hike for the month of December.

The central bank says it’s the level of cash rate — not the speed it’s achieved — that matters, Australian senators have heard.

RBA governor Philip Lowe has issued an apology to borrowers who “acted on what we’d said and now regret what they had done.”

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgage market.

Following the release of a major review of the central bank, RBA governor Philip Lowe has disagreed with the review’s stance that his views aren’t challenged by the board.

RBA governor Mr Philip Lowe has defended the central bank’s tactics to ‘navigate the narrow path’, a senate committee has heard.

Australians unhappy with their bank should ‘switch’ for better deposit and mortgage rates, the central bank has advised.