RBA holds rates at 12-year high, mortgage pain continues
The Reserve Bank of Australia maintains cash rate at 4.35% for seventh consecutive meeting, dealing another blow to struggling mortgage holders despite easing inflation pressures.
Category : Search result: RBA interest rates
RBA Chief: Inflation Crisis Far From Over
Reserve Bank of Australia Governor Michele Bullock delivers a sobering message to Australians, warning that the cost-of-living crisis is far from over and high prices may persist, dashing hopes for near-term relief.
Australia's £50BN Debt Interest Time Bomb
Australia is facing a severe fiscal crisis as interest payments on its national debt are projected to skyrocket, consuming an ever-larger portion of the federal budget and threatening future economic stability.
Climate Change Wipes Billions from Australian Property Values
Exclusive report reveals climate change is no longer a future threat but a present financial crisis, devaluing properties and making insurance unaffordable across Australia.
Bank of England Holds Interest Rates at 5.25%
The Bank of England's Monetary Policy Committee votes 7-2 to maintain current interest rates. Discover the immediate impact on mortgages, savings, and the UK housing market amidst ongoing inflation concerns.
NatWest and RBS Slash Fixed Mortgage Rates
In a significant move, NatWest and Royal Bank of Scotland have announced sweeping cuts to their fixed-rate mortgage deals, offering hope to borrowers amidst the cost-of-living crisis.
RBA: Cost-of-living pain to continue through 2024
The Reserve Bank of Australia issues a sobering alert that the cost-of-living crisis is far from over, with persistent high inflation and interest rates set to continue pressuring family budgets well into the new year.
Australian workers secure largest income share in decade
New data reveals Australian employees are capturing a historically high share of national income, with strong wage growth finally outpacing profits in a major post-pandemic economic shift.
RBA to Ban Card Surcharges, Banks Fight Back
The Reserve Bank of Australia plans to eliminate debit and credit card surcharges, facing fierce opposition from major banks who warn of unintended consequences for consumers and businesses.
Australians Cash In On Record Gold Price Surge
Soaring global gold prices have triggered a selling frenzy across Australia, with households and investors rushing to cash in on jewellery, coins, and bullion. Discover the economic forces behind the surge and what it means for the global market.
UK Savings Crisis: Average Easy Access Rate Plummets
Exclusive analysis reveals a growing savings gap in the UK, with high street banks offering paltry returns while the best easy-access deals deliver 25 times more interest. Discover why loyal customers are losing out.
FCA Warning: Banks Failing Savers on Interest Rates
Exclusive: The Financial Conduct Authority has uncovered a major failure by UK banks to pass on interest rate rises to savers, disproportionately harming vulnerable and older customers. Discover the findings and what it means for your money.
UK House Prices See Sharpest Annual Drop Since 2011
New data from Nationwide reveals UK house prices fell by 5.3% annually in December 2023, marking the most significant decline in over a decade as higher mortgage rates continue to dampen the property market.
UK House Prices Drop as US Tariffs Hit Global Markets
UK property market faces sharp correction as mortgage rates bite, while new US tariffs on China trigger global factory slowdown and market volatility.
Boomers Thrive, Gen Z Struggles in Australian Cost Crisis
Exclusive analysis reveals a stark generational wealth gap in Australia. Baby Boomers' finances remain robust, while younger Australians face unprecedented economic pressure from soaring rents and inflation.
Powell's Jackson Hole Warning Sparks Global Market Rout
Federal Reserve Chair Jerome Powell signals prolonged high interest rates at Jackson Hole, triggering sharp sell-offs in US and Asian markets as inflation fight continues.
Savings Crisis: 75% of Top Accounts Vanish
Exclusive analysis reveals a savings crisis as the number of best-buy accounts plummets by 75%, costing UK households billions in lost interest amid the inflation squeeze.
UK Private Sector Growth Hits Nine-Month High
In a major boost for the UK economy, a key business survey reveals the fastest growth in private sector output in nine months. Driven by strong demand in the dominant services sector, the S&P Global/CIPS flash PMI surged to 53.3, signalling robust expansi
Australia's RBA Proposes Controversial Tax on Card Payments
The Reserve Bank of Australia is considering a controversial new tax on all electronic payments, a move critics warn will fast-track a cashless society and punish consumers who have embraced digital transactions.
New Zealand Enters Recession as GDP Contracts Again
New Zealand's economy has officially entered a recession, with GDP contracting 0.1% in the last quarter of 2023. High interest rates and inflation are blamed for the downturn, marking a challenging start for the new coalition government.
Treasury's Fiscal Rules Become Dangerous Growth Bottleneck
Exclusive analysis reveals how the UK's rigid fiscal framework, designed for stability, is now actively hindering economic recovery, suppressing growth, and exacerbating the cost-of-living crisis. Experts warn the Treasury's orthodoxy is no longer fit for
UK Inflation Hits 2% Target, First Time Since 2021
In a dramatic shift, UK inflation has hit the Bank of England's 2% target for the first time in nearly three years. This sharp fall from April's 2.3% fuels intense speculation about an imminent interest rate cut, offering relief to millions of households.
UK Inflation Plummets to 2.3%, Easing Cost of Living
In a dramatic shift, UK inflation has hit the Bank of England's 2% target for the first time in nearly three years. Discover how falling energy prices are putting money back in your pocket and what it means for interest rates.
UK Inflation Rises, Halting Bank of England Rate Cuts
UK inflation unexpectedly jumped to 2.3% in July, dashing hopes for an August interest rate cut. Soaring air fares and rising clothing costs are blamed, putting the Bank of England's next move under intense scrutiny.
UK Inflation Surges on Higher Food and Energy Prices
New data reveals a sharp rise in UK inflation, driven by escalating food and energy costs. The ongoing conflict in Ukraine continues to disrupt global supply chains, pushing prices higher and intensifying the cost of living crisis for British families.
UK Inflation Rises to 2.5%, Dashing Rate Cut Hopes
In a fresh blow to household budgets, UK inflation rose to 2.5% in April, driven by soaring energy bills and stubborn service costs. The surprise jump dashes hopes for an imminent Bank of England interest rate cut, prolonging the cost-of-living squeeze fo
One Photo Exposes Real Reason Australians Feel Poor
A startling image reveals the hidden economic reality squeezing Australian households. Discover the data behind the financial pain and why your wallet feels emptier than ever.
UK Borrowing Costs Hit 27-Year High Amid Reeves Scrutiny
Chancellor Rachel Reeves faces intense scrutiny after UK government borrowing costs surge to levels not seen since 1997, raising fears about Labour's spending plans and economic stability.
Trump's Finance Guru Tipped for Shock Fed Chair Role
Exclusive: Scott Bessent, a key Trump ally and hedge fund billionaire, emerges as the frontrunner to replace Jerome Powell as Federal Reserve Chair, signalling a potential dramatic shift in US monetary policy.
UK Economy Shows Zero Growth in April, Raising Recession Fears
The UK economy showed zero growth in April, dashing hopes of a sustained recovery and piling pressure on the government and Bank of England ahead of crucial summer decisions.
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