Reserve Bank of Australia

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.

A long-term low-interest rate environment didn’t adversely affect Australian banking profitability, the RBA has found.

Treasury has reacted to the RBA decision assessing a 2023 economic slowdown, but for ‘how long?’ and ‘by how much?’, economists have posed.

While current high inflation came as ‘a shock’ its pressure could get ‘more variable’, the central bank has warned.

The central bank has said it expects about half of all outstanding fixed loan debt to change to variable rates in 2023.

The RBA has given more background to factors affecting its ideal inflation target, going forward.

The central bank’s February 25-bp cash rate hike has started flowing through to the first major banks.

Some Australians borrow more to “keep up with the Joneses” but not for houses, latest data has revealed.

Brokers have taken a measured view of fresh inflation data, which has placed an interest rate hike firmly back on the table.

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

The official cash rate has been hiked to 3.85 per cent, the highest level since 2012. 

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

Most big four banks expect a 0.25 per cent rate hike today, but recent inflation data may have put 50bps back on the table.

Inflation eased slightly in November 2025, according to the latest data from the Australian Bureau of Statistics.

Australia’s central bank has confirmed a cash rate hike to start 2023, as sundry economists had expected.