Australia’s biggest banks are now all expecting a Melbourne Cup day rate hike following the worst inflation data since the start of the Iran war.
Stephen Johnson
Inflation has surged to 4.3 per cent in the year to September, above expectations, as rising fuel and building material costs bite.
Matt Mckenzie
Price growth in market services - things like hairdressing and insurance - will give the Reserve Bank a sense of how sticky inflation is in Australia's economy.
Jacob Shteyman
Government spending remains near historic highs as the RBA raises rates to contain inflation, fuelling concerns that fiscal policy is adding to pressure on households and businesses.
Tom Richardson
One group of Aussie homebuyers is now more likely to be caught in negative equity, where they owe their bank more than their home is worth.
The Reserve Bank of Australia is ‘not quite yet’ done fighting inflation, says assistant governor Sarah Hunter, signalling another rate hike is likely when policymakers meet early next month.
Nasteho Said
A big four bank has blamed the Albanese Government’s changes to credit card charges for its decision to jack up interest rates paid by Visa and Mastercard users.
Ben Harvey
The Government is still dealing with the long tail of its shambolic Budget, delivered way back in May.
Andrew Hauser said the situation in the Middle East and the outlook for inflation was looking a lot worse than feared - and suggested unemployment would have to rise.
Australia’s labour market is showing signs it is softening faster than the central bank expected, Reserve Bank assistant governor Christopher Kent says.
Matt Mckenzie & Nasteho Said
Reserve Bank governor Michele Bullock told a closed conference more aggressive interest rate rises may be needed to bring down inflation and stop it becoming entrenched.
Unemployment has risen to a five-year high of 4.7 per cent but economists fear the Reserve Bank will hike rates again in three weeks and let the labour market worsen to bring inflation under control.
Despite everything that has been thrown at the global economy, it remains remarkably hardy.
Daniel Moss
Former Reserve Bank boss Bernie Fraser has hit out at successor Michele Bullock’s four inflation-busting interest rate hikes this year amid warnings more may be on the way.
Australian business confidence is getting worse as a surge in oil prices, driven by renewed tensions in the Middle East, raises concerns over higher costs.
Cheyanne Enciso
The IMF has warned Australia will this year have some of the rich world’s worst inflation in 2026, as it called on governments with an inflation problem to cut spending. RBA has hinted at November rate hike.
A leading economist has delivered a sobering warning for national house prices, claiming the fall in some individual suburbs could be as high as 40 per cent.
Daniel Newell
Australia’s home auction clearance rate held below 50 per cent for the second week in a row as the central bank’s move to raise interest rates to a 15-year high weighs on buyer demand.
Peter Vercoe
Australia's labour market is expected to continue to soften, even though small businesses are hanging on to workers despite growing cost pressures.
The market is back in the green, but a crucial jobs report could shape the RBA’s next move.
Digital Staff
The big four have passed on another rate rise to mortgage holders while savers finally have a shot at earning 6 per cent. But miss the fine print and your bank could pay you just 0.01 per cent.
Ryan Johnson
Shoppers are set to tighten their wallets even further as fresh figures reveal confidence in the economy has plunged to its lowest level since the early 1990s recession.
Consumer confidence has taken another dive as households digest the financial consequences of another interest rate rise that will add even more to their monthly mortgage repayments.
Recent first-homebuyers who participated in the Federal Government’s 5 per cent deposit scheme are those most likely to have fallen into negative equity, according to Reserve Bank of Australia research.
Adrian Lowe and Stephen Johnson
