search
Reserve Bank of Australia
Trends
- 1RBA Set to Resume Interest Rate Rises as Inflation Persistence Grows▼RBA Set to Resume Raising Key Rate as Patience on Prices Erodes
Australia's central bank is expected to begin raising interest rates again, with its patience over stubborn price pressures wearing thin. Bloomberg reports the Reserve Bank of Australia is set to resume tightening, signalling that inflation has proved more persistent than policymakers wanted and that further increases to the key rate are on the table.
- 2
The Reserve Bank of Australia is widely expected to raise the cash rate to 4.6% at its upcoming board meeting, which would take borrowing costs to their highest level since 2011. The Guardian reports markets and economists are bracing for the hike, with homeowners facing further pressure on mortgage repayments as the bank continues its fight against persistent inflation.
- 3Reserve 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.
- 4Australian 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.
- 5RBA expected to raise rates 25 basis points in September▼RBA preview September: 25 bps widely expected as inflation risks grow
Attention is on the Reserve Bank of Australia's September meeting, where markets and analysts widely expect a 25 basis point interest rate increase. The anticipated move reflects growing concerns that inflation risks in Australia are building again, and traders are positioning for a tighter policy stance.