Interest rates

The Reserve Bank has left interest rates on hold at 4.35%, a move that had been largely expected as the Government faces calls to intervene.

The Greens are calling on Treasurer Jim Chalmers to lower interest rates, a move that’s never been done, but could the Treasurer do it?

The US central bank has dropped interest rates, citing declining inflation and a weak jobs market as key reasons for its decision.

The global economic institution, the IMF, has predicted inflation and interest rates will remain high in the coming year.

Prices have risen by 3.6% in the year to March 2024, slightly higher than economists’ expectations of softer inflation.

The 13th interest rate increase since May 2022 has re-ignited the debate about the use of higher interest rates to fight inflation.

In his final speech, RBA Governor Philip Lowe has criticised the media for personal attacks but admitted he had “difficulties” communicating.

RBA Governor Philip Lowe will not be re-appointed for a second term, replaced instead by his deputy Michele Bullock.

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”.

The latest monthly figures show inflation in Australia has fallen from 7.4% to 6.8%, but that’s still a significant rise. What does it mean?

What are interest rates, and how does it affect housing?