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Reserve Bank of Australia
Trends
- 1Reserve Bank rate rise all but certain, how many more?●A rate rise tomorrow is all but locked in. How many more might there be? By Michael Janda and Alison Branley The Reserve
The Reserve Bank of Australia meets tomorrow for the sixth time this year, with financial markets and economists near-unanimous that it will raise interest rates. The open question is what follows: analysts are weighing how many further increases may come as the bank works to bring inflation under control.
- 2Australian banks cut rewards ahead of card surcharge ban●Banks cut rewards programs, free travel insurance amid surcharge ban By Adelaide Miller Sweeping reforms from the Reserv
Australian banks are slashing rewards programs and dropping free travel insurance as sweeping reforms from the Reserve Bank of Australia take effect this week. The reforms, which include a ban on card surcharges, have prompted banks to hike fees and scale back perks ahead of the changes, with customers set to feel the impact on everyday banking.
- 3Australia's Central Bank Set to Resume Rate Hikes●RBA Set to Resume Raising Key Rate as Patience on Prices Erodes
The Reserve Bank of Australia is expected to begin raising its key interest rate again, according to Bloomberg, as policymakers' patience with stubborn inflation wears thin. The move would mark a return to monetary tightening after a pause, with markets and borrowers watching closely for the timing and size of the next increase.