Interest Rates

Good news for Aussies as economists from Bendigo Bank are predicting the RBA cash rate to remain steady throughout 2024.

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

Over one-third of investors and home owners have indicated they are not prepared for interest rates to remain at current levels, a report has found.

Recent RBA data has tracked the increased lending over the year, showing strong growth in business loans. However, housing and personal have seen less accelerated growth, which some are ...

The major banks have announced changes to interest rates following the central bank’s most recent rate rise of 25 bps.

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

All four major banks plus Macquarie, Bendigo, Adelaide and ING will pass on last week’s 50-bp rate hike.

The central bank has been urged to consider further cuts to the cash rate in the wake of the unprecedented COVID-19 crisis.

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

The big four banks will face annual parliamentary scrutiny as part of a new review.

Poor economic confidence is pushing consumers to expect the worst with interest rate rise fears climbing significantly in July.

It is highly likely another 25-bp hike is ‘coming down the chimney’ today, major bank economists have suggested.

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

The US central bank has opted for its largest interest rate hike in almost 30 years, in an effort to squash surging inflation.

The RBA’s November cash-rate increase to 2.85 per cent is flowing through to more Australian bank interest rates this month.

To what extent is gambling affecting loan repayments? That’s “a really good question,” said anti-gambling campaigner, the Reverend Tim Costello.

There is still significant uncertainty regarding the movements of interest rates around the world, according to Commonwealth Bank of Australia’s chief executive.

The Greens Party have urged Treasurer Jim Chalmers to use section 11 to cut interest rates.

The RBA’s governor has doubled down on the board’s decisions to lift interest rates, arguing its necessity to avoid a recession.

The competition watchdog is prioritising compliance and enforcement activities to improve open banking data, particularly when it comes to incorrect interest rates and missing data.