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Interest rates

Today

The unemployment data re-enforces why RBA governor Michele Bullock sounds so cautious about the prospect of rate cuts.

RBA is still betting on Goldilocks. Investors shouldn’t follow suit

With the ASX 200 back near record levels, investors are betting Michele Bullock is right on a soft landing. But with uncertainty high, a more all-weather approach looks sensible.

  • 6 mins ago
  • James Thomson
Macquarie and CBA are going head-to-head to win deposits from business customers.

Stressed by rates and thinking about fixing? Try the sleep test first

Lenders outside the big four are offering some of their best fixed mortgage rates in more than a year, but practice extreme caution, experts say.

  • 29 mins ago
  • Lucy Dean
Buyer demand is expected to stay resilient despite interest rates staying higher for longer.

Pace of house price growth to cool as risks emerge

House prices have recouped the interest rate-induced losses in the past two years and are poised to hit record highs this year, but downside risks are gathering pace, according to experts.

  • 30 mins ago
  • Nila Sweeney

The Reserve Bank’s bleak news on housing

The central bank sees little respite for struggling home buyers and renters for years to come, as demand in the nation’s housing market continues to outstrip supply

  • 1 hr ago
  • Karen Maley

‘Vigilant’ RBA puts home loan borrowers on notice

Governor Michele Bullock has issued a fresh warning to mortgage holders, two years after the Reserve Bank of Australia began raising interest rates.

  • 1 hr ago
  • John Kehoe
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The RBA’s latest outlook for the economy means interest rates will need to stay higher for longer.

Petrol, strong jobs market stoking inflation: RBA

The central bank on Tuesday upgraded its near-term forecasts for headline inflation and pushed back the likelihood of interest rate relief until mid-2025.

  • Ronald Mizen

Interest rates on hold but to stay higher for longer

The RBA says inflation will stay high for some time yet and it will keep a “vigilant” watch, while “not ruling anything in or out” on interest rates.

  • Ronald Mizen
When the average Australian has to think twice about ordering her $6 daily coffee (which cost $3.34 10 years ago), that’s when we really need to stop and think.

Reforms rather than rate rises

Supply side deregulation to drive productivity is the other half of the policy armoury that should be deployed to help curb inflation and keep employment full.

  • The Parrhesian
Macquarie Group CEO Shemara Wikramanayake’s a hard act to beat.

The four key themes dominating Macquarie’s talkfest

Macquarie chief Shemara Wikramanayake is the perfect person to open the biggest investor conference of the year with the last of her issues a sleeper for a lot of us in Australia.

  • Updated
  • Anthony Macdonald
Ken Moelis says Jay Powell won’t want to be seen to be involved in politics.

Ken Moelis on Trump, interest rates and Ozempic

The billionaire investment banker thinks Donald Trump has his nose in front in the US presidential race, and that could have ramifications for interest rates. 

  • James Thomson

Yesterday

The Reserve Bank is at odds with the rest of the world.

RBA’s radio silence fuels extreme rate rise bets

Traders’ bet that the RBA will lift the cash rate is fuelled by the central bank’s lack of communications since March as it undergoes sweeping reporting changes.

  • Cecile Lefort
Falling house prices quickly dampen the appetite to spend.

Interest rates are the only tool for managing inflation

Economists are looking for other ways of braking inflation. But the impact of interest rates on housing costs is still the most reliable means.

  • Luke Hartigan and Stella Huangfu
UBS’ Richard Schellbach says the main threat to the ASX 200 is a surge in bond yields.

ASX tipped to hit 8300 by year-end defying rate talk

Brokers and investors have all turned more positive on the outlook for the sharemarket, despite traders pushing out interest rate cut expectations to early next year.

  • Joanne Tran
First cab off the rank: The investment property at 5 Pauls Drive, Valley View, was the first to be auctioned and reached a price of $885,000 before they paused and started selling the neighbouring home.

The complicated $1.8m sale of a ‘gamble’ that didn’t pay off

A suburban family bought their neighbours’ house to give them a larger block, but when interest rates went up further something had to give.

  • Michael Bleby
Former Reserve Bank governor Philip Lowe still sees upside risk for rates.

Philip Lowe warns rates could rise again

The former RBA governor says with data surprising on the strong side getting back to a 2.5 per cent inflation level sustainably is not yet guaranteed.

  • Patrick Durkin and John Kehoe
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This Month

RBA governor Michele Bullock needs to reinforce the central bank’s resolve in tackling stubbornly high inflation.

Moment of truth on inflation for Reserve Bank’s credibility

At stake here is whether the supposedly politically independent central bank can re-establish the low inflation foundations that supported three decades of unbroken economic growth until the interruption of the pandemic.

  • The AFR View

The suburbs where unit values are rising 11 times faster than houses

“Investors are snapping up apartments because they are more affordable and the yields are becoming quite attractive.”

  • Nila Sweeney
RBA governor Michele Bullock.

Everyone calm down, inflation is not taking off again

The Reserve Bank should be alert to stubborn price pressures, but not alarmed.

  • Updated
  • Tim Hext
RBA governor Michele Bullock will be alert to sticky inflation, but there isn’t a strong reason to raise rates again.

RBA rate rise shock is being underestimated, history shows

It has raised interest rates almost every time in the last 25 years that it has faced the current high quarterly inflation figure immediately before a board meeting.

  • John Kehoe
Richard Pzena of Pzena Funds Management athe Capella Hotel

The succession wisdom of an iconic value investor

Fund manager Richard Pzena has made some tricky decisions during his career. But one he is particularly proud of is to act early on succession: his.

  • Updated
  • Jonathan Shapiro