News Muncher - category dr lowe

1 year, 3 months ago

Are daddy-long-legs really the most venomous spider? Here's the truth behind the myths

ABC

Daddy-long-leg spiders are in homes throughout the world – but there's so much about them that is misunderstood. "I think Australians love the idea that they live with a super-venomous spider in their houses and that's why it's kind of perpetuated for so long," Dr Lowe says. So, it's not that daddy-long-legs can't bite us, they probably choose not to, …

Venom Spiders Spider Bite Dr Nixon Dr Lowe

1 year, 3 months ago

Kochie gives his verdict on Philip Lowe's rate rises as he reveals his new job

Daily Mail

Former Sunrise presenter David Koch has slammed the Reserve Bank's outgoing governor Philip Lowe for leaving young borrowers with higher monthly mortgage repayments. The Reserve Bank on Tuesday left interest rates on hold at an 11-year high of 4.1 per cent for the third straight month, after being responsible for the most aggressive rate hikes in a generation. Former Sunrise …

Inflation Interest Rates Month Cent Rates Monthly Rba

1 year, 3 months ago

Reserve Bank leaves interest rates on hold in a major win for millions of homeowners in one of Philip Lowe's final acts as governor

Daily Mail

The Reserve Bank has left interest rates on hold at an 11-year high of 4.1 per cent for the third straight month. Since peaking at 8.4 per cent late last year, the monthly measure of annual inflation has moderated, falling back to 4.9 per cent in July, the lowest level since February 2022, from 5.4 per cent in June. But …

Inflation Bank Interest Rates Interest Cent Rate Rates

1 year, 5 months ago

Philip Lowe replaced as Reserve Bank chief by deputy Michele Bullock

Daily Mail

Philip Lowe has been replaced as Reserve Bank governor by the country's first female central banker, a 38-year veteran of Australia's premier interest rate setting body. Michele Bullock's Reserve Bank career 1985: Joined as intern spending next 13 years in economic group and international department roles 1998 to 2007: Chief manager, payments policy department 2007 to 2010: Head of payments …

Labor Bank Interest Rates Chief Cabinet Seven Years Liberal

1 year, 6 months ago

When the inflation bubble visited the Canberra bubble in the form of Philip 'Keeping Interest Rates' Lowe's Estimates stint

ABC

Much as old-time shipping nerds once were wont to cross the globe to see the Queen Elizabeth and Queen Mary liners berthed next to each other, bubble-ologists were excited this week to see the Inflation Bubble visit the Canberra Bubble in the form of Reserve Bank Governor Philip "Keeping Interest Rates" Lowe's appearance at Senate Estimates. Dr Lowe also crushed …

Inflation Interest Rates Taylor Canberra Lowe 8 Per Cent Mr Taylor

1 year, 6 months ago

Higher rents will help reduce rental stress by encouraging people to 'economise' on housing, RBA governor says

ABC

Reserve Bank governor Philip Lowe says there is no immediate fix for people struggling in Australia's rental markets. Key points: RBA governor Philip Lowe say extremely high population growth is exacerbating the housing crisis He says higher interest rates will force people to economise on housing Mr Lowe says policymakers need to increase Australia's capital stock in line with population …

Housing Population Inflation Prices Interest Rates Population Growth Cent

1 year, 8 months ago

The mining sector made more than half of Australia's corporate profits, so why do economists want to ignore it?

ABC

The claims by business leaders that record-high profits have not contributed to recent inflation are wrong, according to a new paper from the Australia Institute. Key points: Dr Jim Stanford says analyses of Australia's economy cannot exclude the resources sector Australia Institute analysis shows the mining sector's windfall profits over the past two years have been linked to surging inflation …

Europe Australia Corporate Inflation Monetary Policy Bank Mining

1 year, 10 months ago

RBA boss Philip Lowe says rate rises hurting households, indications are they will go higher

ABC

Reserve Bank governor Philip Lowe has given a strong indication more interest rate rises are on the cards despite nine back-to-back rises causing many households significant pain and leaving them struggling to make repayments on their mortgages. Key points: The RBA governor says interest-rate rises are hurting many households But he says inflation is too high and that means more …

Inflation Mortgage Interest Rates Interest Cent Rate Rates

2 years ago

RBA Governor Philip Lowe apologises to Australians struggling with mortgages

ABC

Reserve Bank Governor Philip Lowe has apologised to Australians for giving them unclear guidance that led to hundreds of thousands taking out big mortgages in the expectation that interest rates would stay low until 2024. Key points: RBA boss Philip Lowe says the bank failed to communicate with the public properly He told a Senate hearing that they did the …

Inflation Bank Interest Rates Interest Cent Rates Rba

2 years, 1 month ago

RBA governor Philip Lowe warns Australians to brace for higher inflation, lower growth

ABC

Don't expect much of a pay rise, even as inflation soars and reduces what you can buy with your wages. Key points: RBA governor Philip Lowe says globalisation helped central banks keep price rises low and stable over the past three decades Increasing trade restrictions and global conflict are reversing this process and risk reduced supply and higher prices Mr …

Global Inflation Supply Prices Wages High Cent

2 years, 1 month ago

After being forced to play catch-up in the 'war on inflation', Australia's banking masters have subtly switched course

ABC

For the past six months, it's been all action and precious little talk. A month back, Reserve Bank boss Phillip Lowe sparked a rally on global stock markets when he throttled back on the pace of interest rate rises from 0.5 percentage points back to 0.25, the first major central bank to do so. The inflation we nurtured A few …

Markets War Inflation Bank Interest Rates Interest Stock Markets

2 years, 3 months ago

ASX dives again amid rate rise and recession fears, gold and oil stocks fall

ABC

The Australian share market has tumbled more than 1 per cent amid another fall on Wall Street, as investors worry about another supersized interest rate rise in the US, and as the World Bank warned of a global recession. Key points: The Dow Jones index fell 0.6pc to 30,962, the S&P 500 lost 1.1pc to 3,901, and the Nasdaq Composite …

China Stocks Bank Interest Rates Index World Bank West

2 years, 3 months ago

Senators call for Reserve Bank boss Philip Lowe to resign

Daily Mail

There are mounting calls for Reserve Bank Governor Philip Lowe to resign after he hiked interest rates for the fifth time, just months after he wrongly told the country he wouldn't hike the cash rate until 2024. Dr Lowe's latest 50 basis point jump in the cash rate takes it to a seven-year high of 2.35 per cent, up from …

Bank Interest Rates Interest Cent Rate Points Percentage

2 years, 3 months ago

Reserve Bank of Australia hikes interest rates in September for the fifth month in a row

Daily Mail

Borrowers are copping the steepest increases since 1994 with inflation expected to reach a new 32-year high Australian home borrowers have copped a fifth straight monthly interest rate rise with the Reserve Bank imposing another 0.5 percentage point increase on mortgage-holders. A 50 basis point increase in the cash rate takes it to seven-year high of 2.35 per cent, up …

China Australia Inflation Monetary Policy Bank Mortgage Interest Rates

2 years, 4 months ago

Reserve Bank of Australia hikes interest rates by 0.5 percentage points

Daily Mail

The Reserve Bank of Australia has raised the cash rate by half a percentage point with governor Philip Lowe hinting at further increases to tame the worst inflation in two decades. This would see someone paying off an average $600,000 mortgage cop a $169 increase in their monthly mortgage repayments In a statement, Dr Lowe said the RBA would struggle …

Ukraine Australia Board Inflation Bank Interest Rates High

2 years, 4 months ago

Former Reserve Bank of Australia research manager Peter Tulip says board lacks economic expertise

Daily Mail

The Reserve Bank of Australia keeps making the wrong decisions because 'part-time amateurs' are making calls on interest rates, a former bank insider says. The Reserve Bank of Australia keeps making wrong decisions because 'part-time amateurs' are making calls on interest rates, a former insider says Peter Tulip, who was the RBA's senior research manager from 2011 to 2020, said …

Board Monetary Policy Bank Interest Rates Cent Rate Rates

2 years, 5 months ago

Sunrise host David Koch unleashes on Reserve Bank of Australia governor Philip Lowe

Daily Mail

Sunrise host David Koch has unleashed on the Reserve Bank of Australia after its governor Philip Lowe repeatedly promised last year to leave rates on hold until 2024. The case against Philip Lowe The Reserve Bank governor last year repeatedly promised to keep the cash rate on hold at a record-low of 0.1 per cent until 2024 'at the earliest' …

Inflation Bank Interest Rates 2024 Cent Rate Rates

2 years, 5 months ago

Interest rates are rising: Is the RBA at fault for allowing Australians to take on too much debt?

ABC

Can we blame Australians for being a little confused about the Reserve Bank's messaging on interest rates? Towards the end of 2020 and for nearly all of last year, Reserve Bank Governor Philip Lowe said interest rates would not likely rise until 2024. In November and December 2020, Dr Lowe said in the bank's monetary policy decision statement that the …

Board Bank Interest Rates Cent House Prices Rba Cash

2 years, 6 months ago

Largest house price correction since 1980 to hit, Sydney and Melbourne set to be hit the hardest

Daily Mail

Australian house prices could plunge by 20 per cent with Sydney and Melbourne tipped to suffer the biggest slide in four decades - as interest rates soared to curb stubborn inflation. Scroll down for video Australian house prices could plunge by 20 per cent with Sydney and Melbourne set to suffer biggest slide in four decades - as interest rates …

Inflation Interest Rates Price Hit Cent Rate Rates

2 years, 6 months ago

Reserve Bank governor Philip Lowe warns it is unclear how high interest rates will go

ABC

The Reserve Bank governor has warned Australians they need to be prepared for substantial interest rate rises over the rest of this year, conceding he is not sure how high they might go. Key points: Philip Lowe says it is "reasonable" to think interest rates will get to 2.5 per cent at some point He expects inflation could reach 7 …

Economy Inflation Bank Interest Rates Interest Cent Rate

2 years, 6 months ago

Reserve Bank lifts interest rates by higher-than-expected half a percentage point, causing more pain for borrowers

ABC

When first home buyer Sarah Treloar took out a mortgage to buy an apartment in the western Sydney suburb of Homebush about a month ago, she was prepared for her interest rate to go up almost immediately. Key points: The Reserve Bank has moved well ahead of expectations, lifting the cash rate by half a percentage point to 0.85 per …

Inflation Interest Rates Interest Hike Cent Going Rate

2 years, 7 months ago

Commonwealth Bank, Westpac, NAB and ASB pass on rate rise to customers

Daily Mail

The Big Four banks have all passed on the official interest rate rise in full to their home loan customers with National Australia Bank the last to act. The Reserve Bank of Australia has raised interest rates for the first time in 11 years to curb soaring inflation A senior Westpac spokesperson urged customers who know they will now struggle …

Financial Markets Bank Loan Interest Rates Commonwealth Pass Cent

2 years, 7 months ago

Australia election 2022: Scott Morrison quizzed on RBA interest rate hike

Daily Mail

Scott Morrison has denied today's interest rate hike has cost him the federal election. The Prime Minister urged Aussies to stick with him after the Reserve Bank hiked interest rates to 0.35 per cent, which will result in higher mortgage payments for thousands of home owners. Prime Minister Scott Morrison and Treasurer Josh Frydenberg at a press conference after interest …

Australia Inflation Election Bank Interest Rates Interest Rising

2 years, 7 months ago

RBA raises cash rate by 0.25 percentage points causing mortgage interest rates to rise

Daily Mail

Three of Australia's big four banks have so far passed on the full official interest rate rise to their home loan customers. Commonwealth, Westpac and ANZ all announced their variable home loan interest rates will increase by 0.25 percentage points, in line with the official cash rate rise announced by the Reserve Bank of Australia. ANZ followed CBA by passing …

Financial Markets Bank Loan Mortgage Interest Rates Interest Rising

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Articles for Dr Lowe

Are daddy-long-legs really the most venomous spider? Here's the truth behind the myths

Kochie gives his verdict on Philip Lowe's rate rises as he reveals his new job

Reserve Bank leaves interest rates on hold in a major win for millions of homeowners in one of Philip Lowe's final acts as governor

Philip Lowe replaced as Reserve Bank chief by deputy Michele Bullock

When the inflation bubble visited the Canberra bubble in the form of Philip 'Keeping Interest Rates' Lowe's Estimates stint

Higher rents will help reduce rental stress by encouraging people to 'economise' on housing, RBA governor says

The mining sector made more than half of Australia's corporate profits, so why do economists want to ignore it?

RBA boss Philip Lowe says rate rises hurting households, indications are they will go higher

RBA Governor Philip Lowe apologises to Australians struggling with mortgages

RBA governor Philip Lowe warns Australians to brace for higher inflation, lower growth

After being forced to play catch-up in the 'war on inflation', Australia's banking masters have subtly switched course

ASX dives again amid rate rise and recession fears, gold and oil stocks fall

Senators call for Reserve Bank boss Philip Lowe to resign

Reserve Bank of Australia hikes interest rates in September for the fifth month in a row

Reserve Bank of Australia hikes interest rates by 0.5 percentage points

Former Reserve Bank of Australia research manager Peter Tulip says board lacks economic expertise

Sunrise host David Koch unleashes on Reserve Bank of Australia governor Philip Lowe

Interest rates are rising: Is the RBA at fault for allowing Australians to take on too much debt?

Largest house price correction since 1980 to hit, Sydney and Melbourne set to be hit the hardest

Reserve Bank governor Philip Lowe warns it is unclear how high interest rates will go

Reserve Bank lifts interest rates by higher-than-expected half a percentage point, causing more pain for borrowers

Commonwealth Bank, Westpac, NAB and ASB pass on rate rise to customers

Australia election 2022: Scott Morrison quizzed on RBA interest rate hike

RBA raises cash rate by 0.25 percentage points causing mortgage interest rates to rise