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Economy

Prime Minister ‘welcomes’ RBA rate pause

Anthony Albanese has welcomed the July cash rate decision, with the government stating it believes inflation has peaked and doesn’t expect a recession.

RBA holds, but for how long?

The Reserve Bank’s decision may come as a welcome one, but a further cash rate hike still looms.

Rate hike might still be imminent despite inflation fall

Although the latest inflation figures were lower than anticipated, a rate hike is still expected by many bank economists.

Mortgage cliff could raise repayments by 63%

Mortgagors coming off their fixed-rate loans could see repayments more than double as we enter the new financial year.

Government has a ‘role to play’ in curbing inflation: AMP

As rising interest rates disproportionately affect households with mortgage debt, further fiscal tightening may be needed.

May inflation data cools as building costs ease

As the cost to build has eased, housing inflation has declined dragging monthly inflation below 6 per cent, the latest ABS data revealed.

Concerns mount over persistently high inflation: ANZ

Ahead of the monthly consumer price index data out today (28 June), consumers’ inflation expectations have jumped.

Recession risk ‘now very high’: Shane Oliver

The risk of a recession in Australia is now “very high”, AMP’s chief economist has warned in a new economic report.

RBA governor announcement expected in July

Treasurer Jim Chalmers has revealed he expects to announce who will be the next RBA governor next month.

Major banks agree cash rate peak is 4.6%

NAB has updated its terminal rate forecasts, with all four major banks now expecting the tightening cycle to peak at 4.6 per cent in August.

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