September quarter: inflation higher than expected
Prices were 5.4% higher in September than the previous year, according to the latest official inflation figures.
Prices were 5.4% higher in September than the previous year, according to the latest official inflation figures.
The Reserve Bank of Australia (RBA) has kept the cash rate unchanged at 4.1% for a fourth consecutive month.
RBA Governor Philip Lowe has announced a cut to interest rate meetings after a review into the bank’s culture and practices.
The RBA has left interest rates unchanged at 4.1% for the month of July, with RBA Governor Philip Lowe saying inflation has “passed its peak”.
Learn why Australian house prices have been falling since May, and what’s causing the recent slowdown. Will prices continue to decline? Find out here.
The Reserve Bank of Australia (RBA) increased the cash rate from 2.85% to 3.1% today.
What are interest rates, and how does it affect housing?