RBA expected fifth rate hike as global slowdown risk rises

News.com.au • 28 Oct 23:26

The Reserve Bank of Australia is expected to raise rates for a fifth time, while the US Fed held rates steady and the Reserve Bank of New Zealand kept its cash rate unchanged amid warnings of a possible abrupt global downturn.

News.com.au • 28 Oct 06:33

September CPI rose to 4.3% year-on-year, above the Reserve Bank of Australia’s target, prompting most economists to expect a 25-basis-point cash-rate increase at the upcoming meeting.

News.com.au • 28 Oct 03:57

During a Senate estimates hearing, the Reserve Bank of Australia said current data do not indicate a recession in the next six months, while noting that inflation remains above target.

Real Estate • 28 Oct 00:40

Australian inflation data showing underlying rates at 3.6% have heightened expectations of another Reserve Bank rate increase, threatening to worsen the country's steepest housing price decline since the late 1980s.

The Guardian • 28 Oct 00:36

Headline CPI rose to 4.3% in September, with underlying inflation at 3.6%, prompting expectations of a further Reserve Bank of Australia cash-rate increase before the November decision.

Nine.com.au • 28 Oct 00:33

Headline inflation in Australia climbed to 4.3% in September, above expectations, as housing and fuel costs drove the increase and markets weigh the likelihood of another Reserve Bank rate hike.

News.com.au • 27 Oct 21:52

Markets and the Reserve Bank of Australia are weighing a fifth rate hike after upcoming September CPI figures, with analysts split on whether the cash rate will rise to 4.85% or hold steady.

The Age • 27 Oct 18:00

The Reserve Bank of Australia is likely to increase the cash rate for the fifth time this year on Melbourne Cup Day, citing inflation above target and near-full-capacity production.

News.com.au • 27 Oct 04:45

Economists expect trimmed-mean inflation to exceed the Reserve Bank of Australia's forecasts, raising the likelihood of a cash-rate increase in November.

Real Estate • 27 Oct 00:55

Reserve Bank assistant governor Sarah Hunter told 60 Minutes that while government spending contributes to high inflation, the central bank has little ability to curb it, and further rate hikes are expected.

News.com.au • 25 Oct 22:16

A 60 Minutes interview highlighted a Sydney homeowner's difficulty coping with rising mortgage costs and featured RBA Assistant Governor Dr Sarah Hunter explaining the central bank's reliance on interest-rate policy to curb inflation.

Nine.com.au • 25 Oct 09:42

Reserve Bank assistant governor Dr Sarah Hunter defended recent interest-rate increases as the most effective tool to lower inflation, acknowledging the hardship for mortgage borrowers and citing supply constraints in the housing market.