The ball is in the RBA's court on interest rates — and Anthony Albanese's waiting game goes on
1 month, 3 weeks ago

The ball is in the RBA's court on interest rates — and Anthony Albanese's waiting game goes on

ABC  

It's the start of the election year Anthony Albanese and Jim Chalmers were banking on and the reason why talk of an early poll either late last year or at the very start of this year was always misguided. The prime minister and treasurer were both confident the rate of inflation would keep tracking down over summer, easing Labor's greatest political burden before heading to an election. Underlying inflation fell to 3.2 per cent for the December quarter, the lowest it's been in 3 years and inching ever closer to the RBA's 2-3 per cent target zone. Loading Ball is in the RBA court When parliament resumes next week, the prime minister will hammer home his message about delivering "low inflation, higher wages and higher employment". On the ABC's Afternoon Briefing yesterday, Albanese made clear he wants a vote on his planned tax credits for critical minerals and rare earths, opposed by the Coalition, but popular in Western Australia.

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History of this topic

RBA delivers first rate cut since 2020
1 month ago

RBA delivers first rate cut since 2020

ABC  

Samantha Donovan: Hello, welcome to PM. So what we've seen is those really sticky items in the inflation baskets, I think insurance premiums, out-of-pocket health care costs, the cost of building a new dwelling or rental prices, those price increases have been such that the Reserve Bank has been worried that if it doesn't keep interest rate policy restrictive, and …

Borrowers on edge ahead of RBA decision
1 month ago

Borrowers on edge ahead of RBA decision

ABC  

Andy Park: Hello, welcome to The World Today. If by its very nature, the Reserve Bank cutting interest rates stimulates demand and increases inflation, if underlying inflation still isn't within the Reserve Bank's band of between 2% and 3%, won't an interest rate cut have policy makers put up the white flag on inflation? Jane Bardon: The independent Yolngu MP …

Why the Reserve Bank has little option but to cut interest rates
1 month ago

Why the Reserve Bank has little option but to cut interest rates

ABC  

After more than six months of conjecture and on-again off-again signals, interest rates are about to start a descent. In the December quarter, core inflation came in at just 0.5 per cent which, if you annualise it, comes in at just 2 per cent, smack bang at the bottom of the RBA's target range. Core inflation has dropped rapidly, more …

CBA boss Matt Comyn 'acutely aware' customers expect interest rate cuts to be passed on in full
1 month, 1 week ago

CBA boss Matt Comyn 'acutely aware' customers expect interest rate cuts to be passed on in full

ABC  

There's a lot of coded language in business and finance. Like, when you ask the head of Australia's biggest home lender about whether the Commonwealth Bank will fully pass on a rate cut the Reserve Bank is widely expected to make next Tuesday. Loading When you crunch the numbers, it seems that well over 2 per cent of CBA's mortgage …

UK interest rate cut a ‘sure bet’ amid faltering economic growth, say experts
1 month, 2 weeks ago

UK interest rate cut a ‘sure bet’ amid faltering economic growth, say experts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Senior economists at the Bank of England will meet …

Has the RBA got any choice but to cut interest rates in February?
1 month, 3 weeks ago

Has the RBA got any choice but to cut interest rates in February?

ABC  

There's something called a "momentum trade" on financial markets. Two of the big four banks had already tipped a February rate cut ahead of Wednesday's numbers, but Westpac has now joined them and NAB is reviewing its position. If the RBA chooses not to take its foot off the brake by keeping rates steady at 4.35 per cent on February …

Rate cut chances increase after inflation slows in final quarter of 2024
1 month, 3 weeks ago

Rate cut chances increase after inflation slows in final quarter of 2024

ABC  

The odds of an interest rate cut next month have increased, with official figures showing the Reserve Bank of Australia's preferred measure of inflation fell to 3.2 per cent over the year to December. The more volatile headline inflation figure came in at 0.2 per cent for the December quarter and 2.4 per cent for the year, down from a …

Will there be a February rate cut? Macro-economics says unemployment is key
1 month, 3 weeks ago

Will there be a February rate cut? Macro-economics says unemployment is key

ABC  

At 11:30am on Wednesday this week, the December quarter inflation rate will be announced by the ABS, with the nation's economists, bankers and mortgagees clustered, agog, around their screens. In the past 50 years, the RBA has only ever cut interest rates twice while unemployment declined — during the Asian crisis and US tech boom in the late 1990s, which …

A February interest rate cut is a real possibility, but there's at least one hurdle to clear
2 months, 2 weeks ago

A February interest rate cut is a real possibility, but there's at least one hurdle to clear

ABC  

At 11:31am AEDT on Wednesday, the Australian dollar began falling against the greenback. Inflation drop raises rate cut odds Photo shows A coloured graphic showing a petrol pump, coins, keys and a bag of fresh groceries against a backdrop of receipts A fall in the Reserve Bank's preferred measure of inflation has increased the odds of an interest rate cut …

Good news millions of Aussies with a mortgage have been waiting to hear for years
2 months, 2 weeks ago

Good news millions of Aussies with a mortgage have been waiting to hear for years

Daily Mail  

Economic analysts and bank bosses have forecast an interest rate cut in the next three months, in welcome news for those struggling with mortgage repayments. Westpac chief economist Luci Ellis told Daily Mail Australia on Tuesday that the Reserve Bank could cut rates soon. Economic analysts and bank bosses have revealed an interest rate cut is on the horizon in …

RBA chief's major hint that there could soon be some VERY good news ahead for home-owners
2 months, 3 weeks ago

RBA chief's major hint that there could soon be some VERY good news ahead for home-owners

Daily Mail  

The Reserve Bank has given a strong hint borrowers are getting some interest rate cuts in 2025 even though inflation is still too high. The Reserve Bank has given a strong hint interest rate cuts are coming even though inflation is still too high While headline inflation is at a three-year low of 2.8 per cent, the RBA regarded this …

Analysis: What does the Bank of England’s interest rate decision mean for mortgages?
3 months ago

Analysis: What does the Bank of England’s interest rate decision mean for mortgages?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England held …

Frustrated Albanese government can only bite its tongue as it waits on Michele Bullock
3 months, 2 weeks ago

Frustrated Albanese government can only bite its tongue as it waits on Michele Bullock

ABC  

As she reads the economic commentators, Reserve Bank Governor Michele Bullock might, in moments of doubt, wonder whether she's making a similar misjudgement to her predecessor Philip Lowe. "Central banks in almost all advanced economies have already started cutting their official cash rates — and it is time for Australia's Reserve Bank to do the same." RBA Governor Michele Bullock …

It’s Reasonable to Consider Rate Cut Next Month, Fed’s Kashkari Says
3 months, 3 weeks ago

It’s Reasonable to Consider Rate Cut Next Month, Fed’s Kashkari Says

Live Mint  

-- Federal Reserve Bank of Minneapolis President Neel Kashkari said it is still appropriate to consider another interest-rate cut at the central bank’s December meeting. “It’s still a reasonable consideration,” Kashkari said Monday on Bloomberg Television in response to a question about whether policymakers should reduce borrowing costs by a quarter point at their last meeting of the year. “Right …

The interest rate cut is good news for mortgage payers – they need more
4 months, 2 weeks ago

The interest rate cut is good news for mortgage payers – they need more

The Independent  

After a turbulent few weeks, the Bank of England delivered a soothing balm to Britain’s hard-pressed borrowers with a quarter-point cut in interest rates. The Budget also pushed the City’s interest rate swaps market higher – and it is this rather than base rates that governs the price of most popular types of mortgage: two or five year fixes. “Borrowers …

US Fed interest policy expected today, Trump victory unlikely to change rate cut plans
4 months, 2 weeks ago

US Fed interest policy expected today, Trump victory unlikely to change rate cut plans

Firstpost  

There is a wide expectation that the Federal Reserve will cut interest rates by a quarter point on Thursday, looking beyond the 2024 US Presidential election results to continue easing borrowing costs on the back of cooling inflation The US Federal Reserve is widely expected to cut interest rates by a quarter point Thursday, looking beyond the election results to …

Something to cheer us all with rates set be slashed on both sides of the Atlantic: ALEX BRUMMER
4 months, 2 weeks ago

Something to cheer us all with rates set be slashed on both sides of the Atlantic: ALEX BRUMMER

Daily Mail  

Coming hot on the heels of two momentous events – and I don’t mean Halloween and Guy Fawkes – scant attention is being paid to interest rates. Both the Bank of England and the US Federal Reserve are odds on to cut official interest rates. Prediction: Both the Bank of England and the US Federal Reserve are odds on to …

Bank of England rate cut expected despite ‘fiscal loosening’ of Budget
4 months, 3 weeks ago

Bank of England rate cut expected despite ‘fiscal loosening’ of Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England is …

Anthony Albanese may find himself 'kicking with the wind' to an April election on double RBA rate cuts
4 months, 3 weeks ago

Anthony Albanese may find himself 'kicking with the wind' to an April election on double RBA rate cuts

ABC  

The prime minister has had little cause to celebrate of late. He would do so to take advantage of the political momentum generated by not just one but two official Reserve Bank of Australia rate cuts in the lead-up to election day. September's annual trimmed mean, a measure that strips out volatile price swings, cooled to 3.2 per cent from …

Bank says interest rates could be cut ‘gradually’ after holding at 5%
5 months, 3 weeks ago

Bank says interest rates could be cut ‘gradually’ after holding at 5%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England has …

Bank of England poised to hold interest rates at 5%, economists say
6 months ago

Bank of England poised to hold interest rates at 5%, economists say

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England is …

Fed slashes rates just weeks before US election
6 months ago

Fed slashes rates just weeks before US election

The Telegraph  

The former president told reporters: “To cut it by that much, assuming they’re not just playing politics, the economy would be very bad.” The timing of the rate cut, less than two months before the election, is seen as beneficial to Kamala Harris, who is fighting an incumbent campaign. Our nation’s central bank has no business moving rates this close …

RBA Governor delivers another blow to Aussies with a mortgage - and why you shouldn't expect rate cuts anytime soon
7 months, 2 weeks ago

RBA Governor delivers another blow to Aussies with a mortgage - and why you shouldn't expect rate cuts anytime soon

Daily Mail  

Australia's most powerful banker has aggressively scotched expectations of rate cuts by Christmas - despite global concerns about an American recession and weak local economic activity. In the media conference afterwards, Governor Michele Bullock stressed a rate cut wasn't happening soon - despite the Reserve Bank statement emphasing the risk of an economic slowdown and weaker gross domestic product 'Given …

Interest rate decision: RBA to make a rate call amid sharemarket bloodbath
7 months, 2 weeks ago

Interest rate decision: RBA to make a rate call amid sharemarket bloodbath

Daily Mail  

Australian home borrowers could be in line for super-sized rate cuts by Christmas after US recession fears wiped more than $150billion from the local share market in just two days. CommSec market analyst Steven Daghlian said a jump in the American jobless rate to 4.3 per cent, the highest level since October 2021, was spooking financial markets and dragging down …

RBA's Michelle Bullock says no cuts expected in next six months after leaving interest rates on hold
7 months, 2 weeks ago

RBA's Michelle Bullock says no cuts expected in next six months after leaving interest rates on hold

ABC  

The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent. "Financial markets have been volatile of late and the Australian dollar has depreciated," the RBA Board said in a statement. "In doing so, it will continue to pay close attention to developments in the global economy and financial markets, trends in domestic demand, and the …

UK interest rates: Bank of England announces interest rate decision after fall in inflation
9 months ago

UK interest rates: Bank of England announces interest rate decision after fall in inflation

The Independent  

✕ Close Related video: Parents financially supporting Gen Z highlights current economic woes Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read …

PM says ‘we’ve got there’ as inflation hits target, but summer rate cut in doubt
9 months ago

PM says ‘we’ve got there’ as inflation hits target, but summer rate cut in doubt

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rishi Sunak has declared “we’ve …

Interest rate remarks not an attempt to undermine Bank of England, Sunak says
9 months, 3 weeks ago

Interest rate remarks not an attempt to undermine Bank of England, Sunak says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The best way for interest rates to come down, …

UK inflation - live: Tories call for Bank of England to cut interest rates despite market gloom over rising prices
10 months ago

UK inflation - live: Tories call for Bank of England to cut interest rates despite market gloom over rising prices

The Independent  

✕ Close Hunt attacks Labour and says he refutes 'myths' the economy is worse under Tories For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like …

Bank’s top economist says ‘not unreasonable’ to consider summer rate cut
10 months, 1 week ago

Bank’s top economist says ‘not unreasonable’ to consider summer rate cut

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England’s top …

Bank of England holds fire on interest rates – but good news is coming for homeowners
10 months, 1 week ago

Bank of England holds fire on interest rates – but good news is coming for homeowners

The Independent  

Here’s the good news: a rate cut in either July or August can probably be characterised as a racing certainty. As expected, the rate setting Monetary Policy Committee left rates at 5.25 per cent at their latest meeting. Dave Ramsden, one of the Bank’s deputy governors, joined the MPC’s dove-in-chief Swati Dhingra, an external member, in voting for a cut. …

Too early for Bank to cut interest rates on Thursday, economists predict
10 months, 1 week ago

Too early for Bank to cut interest rates on Thursday, economists predict

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England looks …

RBI’s rate setting committee likely to maintain status quo on policy rates
11 months, 2 weeks ago

RBI’s rate setting committee likely to maintain status quo on policy rates

New Indian Express  

“I don’t see the earliest rate cut before the October meeting, unless growth posits a negative surprise in the intervening quarters, amid a shallow rate cut cycle limited to 50 bps at best,” Icra Ratings chief economist Aditi Nayar told this newspaper. Rating agency Care Edge expects the policy rates to be kept on hold on Friday and so is …

Rate cuts will be smaller than you think, says Bank of England official
11 months, 3 weeks ago

Rate cuts will be smaller than you think, says Bank of England official

The Telegraph  

Bets on interest rate cuts this summer are too optimistic, according to a senior Bank of England official. Catherine Mann, who voted to hold borrowing costs at 5.25pc last week, said investors had become “complacent” about the prospect of falling interest rates. Traders have priced in three interest rate cuts by the end of the year to take the base …

Interest rate cuts are in play, Bank of England governor Andrew Bailey says
1 year ago

Interest rate cuts are in play, Bank of England governor Andrew Bailey says

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Bank likely to start cutting rates in June, economists say
1 year ago

Bank likely to start cutting rates in June, economists say

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Markets now see interest rates likely to be set …

RBA keeps interest rates on hold at 4.35pc but says 'it will be some time' before inflation within target band
1 year ago

RBA keeps interest rates on hold at 4.35pc but says 'it will be some time' before inflation within target band

ABC  

The Reserve Bank has left interest rates on hold amid signs that growth in the economy has dramatically slowed down following 13 interest rate rises since May 2022. The cash rate remains at 4.35 per cent, and while the central bank gave no clear indication of where it was headed next, saying it was "not ruling anything in or out", …

Economists predict RBA's next rates move will be a cut, but stage 3 tax cuts muddy the timetable
1 year, 1 month ago

Economists predict RBA's next rates move will be a cut, but stage 3 tax cuts muddy the timetable

ABC  

In short: Westpac's CEO has joined senior economists in predicting that the next interest rates move by the Reserve Bank will be a cut to the cash rate. Westpac's CEO has joined senior economists in predicting that the next interest rates move by the Reserve Bank will be a cut to the cash rate. The Reserve Bank board says "a …

Why the RBA may be forced to cut interest rates before the Fed
1 year, 1 month ago

Why the RBA may be forced to cut interest rates before the Fed

ABC  

There's been a nearly universal assumption by both analysts and traders that the US Federal Reserve will effectively kick off the global rate-cutting cycle for developed economy central banks. While the average mortgage rate in Australia has risen by 3.2 percentage points since the RBA started hiking, US home borrowers, on average, have seen their interest rates rise 0.5 of …

Bank softens stance on interest rate cuts – but Andrew Bailey warns: ‘We’re not there yet’
1 year, 1 month ago

Bank softens stance on interest rate cuts – but Andrew Bailey warns: ‘We’re not there yet’

The Independent  

It was a racing certainty that the Bank of England’s rate-setting Monetary Policy Committee would on Thursday keep interest rates at 5.25 per cent – the 16-year high that has been causing pain throughout Britain’s economy. More directly, governor Andrew Bailey told reporters: “We’re not there yet.” But the committee seems to be indicating that cuts could come earlier than …

Federal Reserve is likely to show little urgency to cut interest rates despite market's anticipation
1 year, 1 month ago

Federal Reserve is likely to show little urgency to cut interest rates despite market's anticipation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Federal Reserve will likely …

Britain faces recession risk in election year, warns Bank of England
1 year, 4 months ago

Britain faces recession risk in election year, warns Bank of England

The Telegraph  

The Bank’s latest projection for next year fell from a previous forecast of 0.5pc, while it also warned that annual growth will remain below 1pc for the next four years – down from 2.75pc in the decade before the financial crisis. Despite the weaker outlook for jobs and growth, Mr Bailey said it was “much too early to be thinking …

RBA's interest rate rise isn't 'political', but it will change the election campaign for Morrison and Albanese
2 years, 10 months ago

RBA's interest rate rise isn't 'political', but it will change the election campaign for Morrison and Albanese

ABC  

You know you're in extraordinary times when Philip Lowe is calling a press conference. The reply didn't take long The Shadow Treasurer Jim Chalmers was quick out of the gates hanging the rate rise around the Coalition's neck. Morrison, already campaigning in Melbourne, joined with his Treasurer Josh Frydenberg and insisted the RBA's decision meant Australia had taken another step …

Reserve Bank cuts interest rates to record low of 0.1 per cent during COVID-19 recession
4 years, 4 months ago

Reserve Bank cuts interest rates to record low of 0.1 per cent during COVID-19 recession

ABC  

The Reserve Bank has cut interest rates to a record low of 0.1 per cent as the bank's governor confirmed Australia was not out of recession. Key points: The official cash rate is expected to remain at 0.1 per cent until 2024 Reserve Bank Governor Philip Lowe says the unemployment rate is likely to peak at 8 per cent and …

RBA keeps interest rates on hold at 0.25pc ahead of Federal Budget stimulus
4 years, 5 months ago

RBA keeps interest rates on hold at 0.25pc ahead of Federal Budget stimulus

ABC  

The Reserve Bank has kept its official interest rate at record lows as the Australian economy continues its slow recovery from the COVID-19 recession. Key points: The Australian dollar jumped to 72.08 US cents after the decision Economists are predicting the RBA will cut rates to 0.1pc by the end of 2020 The RBA has kept rates on hold for …

RBA interest rate cuts won't save the economy from coronavirus, but there are policies that may
5 years ago

RBA interest rate cuts won't save the economy from coronavirus, but there are policies that may

ABC  

An interest rate cut might be a bonus for homeowners with mortgages and give share investors a temporary sugar hit, but it's not going to do much to save the economy from coronavirus. Rate cuts can't stop coronavirus disruptions If a rate cut won't do much to help with the demand shock, it'll do virtually nothing to ameliorate the supply …

RBI policy: Inflation concerns seem to have taken front-seat again, expect more rate cuts next year, say experts
5 years, 3 months ago

RBI policy: Inflation concerns seem to have taken front-seat again, expect more rate cuts next year, say experts

Firstpost  

The Reserve Bank of India kept its key lending rate on hold in a shock decision on Thursday, despite a worrying slowdown in the country that prompted the central bank to sharply reduce its economic growth forecast to 5 percent for the year through March. Monetary policy decision could be put on hold if the government comes up with strong …

RBI monetary policy: Shaktikanta Das says central bank can't keep on slashing policy rates every time
5 years, 3 months ago

RBI monetary policy: Shaktikanta Das says central bank can't keep on slashing policy rates every time

Firstpost  

After surprisingly holding the rates, Reserve Bank governor Shaktikanta Das on Thursday said the Reserve Bank cannot “mechanically” keep cutting interest rates every time Mumbai: After surprisingly holding the rates, Reserve Bank governor Shaktikanta Das on Thursday said the Reserve Bank cannot “mechanically” keep cutting interest rates every time. He said the central bank will wait for the impact of …

RBI may cut interest rates again to support growth
5 years, 3 months ago

RBI may cut interest rates again to support growth

India TV News  

The Reserve Bank may cut interest rates for the sixth straight time on December 5 to support growth that has continued to slip to more than six-year low on slump in manufacturing, bankers and experts said. RBI has cut interest rates on every single occasion the multi-member monetary policy committee has met since Shaktikanta Das took over as the Governor …

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