Economy

The Reserve Bank decided to further pause the cash rate in Philip Lowe's last monetary policy meeting.

Despite rates holding steady of late, 46 per cent of Australians are not confident in the RBA and government’s ability to ease inflation this year, according to Canstar.

Australia’s major banks have all called a cash rate pause during tomorrow’s monetary policy meeting.

July’s annual CPI increase fell from the previous month below economist and market expectations, the latest ABS data has revealed.

Amid the pinching effects of rising living costs, cash-poor retirees are turning to reverse mortgages to tap into their home equity, a revelation by a leading lender shows.

The full effect of mortgage arrears are yet to be realised as the full impact of interest rate rises continues to roll through.

New research has revealed the number of mortgage holders “at risk” of “mortgage stress” rose to record levels in July.

While accumulated household savings are helping cushion impact of high rates, consumer spending is set to slow as borrowers approach record-high mortgage repayments.

The employment rate in Australia decreased in July, confirming the central bank's expectations of a ‘turning point’.

New Zealand’s Reserve Bank has decided to hold its cash rate once again.