Mozo reserve bank news and advice

Treasurer warns banks over interest rates

Tue, 07 Feb 2012 13:00:00 GMT

Australian treasurer Wayne Swan has warned the country's major banks that they risk alienating their customers if they hike interest rates. The Reserve Bank of Australia (RBA) surprised many economists earlier this week when it opted not to lower the base rate to four per cent and now there are fears that some of the main lenders will see this as an opportunity to increase their own rates. Experts have predicted that ANZ, Commonwealth Bank, Westpac and NAB may all make a readjustment before the RBA board members meet again in March. Mr Swan has urged Aussies not to be bullied by the big four and has insisted that savings can be made by comparing bank accounts and other packages. "The reforms we've put in place make it easier for families to ditch their bank if it doesn't do the right thing by them," he commented. Last week, the Australian Associated Press conducted a survey, which found that 13 out of 14 economists believed the RBA would cut interest rates by 0.25 per cent in February.

RBA maintains base rate

Mon, 06 Feb 2012 13:00:00 GMT

The Reserve Bank of Australia (RBA) has surprised analysts by maintaining the base rate at 4.25 per cent.

RBA steps up cyber security

Mon, 06 Feb 2012 13:00:00 GMT

Cyber security specialists have been drafted in by the Reserve Bank of Australia (RBA) as it vies to limit its exposure to online criminals and activists.

More economists think rate cut is inevitable

Sun, 05 Feb 2012 13:00:00 GMT

More economists have joined the clarion call of financial experts that are predicting an imminent rate cut at the Reserve Bank of Australia.

Most economists predict RBA interest rate cut

Thu, 02 Feb 2012 13:00:00 GMT

The majority of economists firmly believe that the Reserve Bank of Australia (RBA) will slash interest rates again this month. A survey conducted by the Australian Associated Press indicated that 13 out of 14 economists are predicting the RBA to reduce rates by a further 0.25 per cent. The Reserve Bank had already reduced rates to 4.25 per cent in November and December, but this has had limited impact on home loans and other markets thus far. Even if rates are trimmed, it does not necessarily mean that Australia's major banks will pass the reduction on to their customers. Chief economist at AMP Capital Shane Oliver told the news provider that there is a strong case to cut the cash rate. "The jobs market is weakening, retail sales and housing construction are weak, house prices are falling and consumer and business confidence are sub-par," he said. HSBC chief economist Paul Bloxham recently told the Herald Sun that the ongoing mining boom has stood the country's economy in relatively good stead.

Australian economy 'is in a strong position'

Wed, 01 Feb 2012 13:00:00 GMT

The Australian economy is in a strong position and further cuts to interest rates will help to significantly boost the retail and housing sectors. This is the view of HSBC chief economist Paul Bloxham, who told the Herald Sun that rate cuts, as well as the ongoing mining boom, have stood the country in good stead. He feels that the Reserve Bank of Australia (RBA) will make further readjustments to interest rates next week and even if these are not passed on to the Aussie on the street by the major banks, the RBA will keep the cash rate on hold at 3.75 per cent. HSBC also tipped manufacturing to make a recovery in 2012, although it also forecast unemployment to grow towards the end of the year. "The problems in Europe haven't been fixed ... but the RBA has the firepower to use monetary policy to support the weaker parts of the economy," Mr Bloxham told the news provider. Yesterday (February 1st), the Courier-Mail reported that Commsec analysts had predicted that the RBA would be influenced by low grocery prices offered by the likes of Woolworths when recalculating inflation rates.

Price war 'could influence Reserve Bank'

Tue, 31 Jan 2012 13:00:00 GMT

An ongoing grocery price war between Woolworths and Coles could influence some of the decisions made by the Reserve Bank of Australia (RBA), it has been claimed.

Credit card rates 'set to remain high'

Sun, 29 Jan 2012 13:00:00 GMT

Although many economists are predicting cuts to interest rates next month, credit card holders have been warned that the changes are unlikely to benefit them. According to chief executive at the Australian Bankers' Association Steven Munchenberg, there are far more risks associated with credit cards than there are with other bank products such as home loans, National Features reports. He suggested that banks were more relaxed about lending before the global financial crisis took hold in 2008 and since then they have been forced to "reprice risk". "Credit card lending is high-risk lending, particularly compared with mortgages," he was quoted as saying. Commsec economist Savanth Sebastian added that banks are unlikely to pass on interest rate cuts made by the Reserve Bank of Australia (RBA) in their entirety. "The cost of lending money out at the moment for the banks is expensive," he remarked. Last week, opposition treasury spokesperson Joe Hockley told Melbourne Talkback Radio that the RBA needs to make interest rate cuts in order to stimulate economic growth.

Reserve Bank 'should do most of heavy lifting to help economy'

Thu, 26 Jan 2012 13:00:00 GMT

The Reserve Bank of Australia (RBA) needs to do "most of the heavy lifting" if the country's economy is to flourish.

Pressure grows on Reserve Bank to cut interest rates

Mon, 23 Jan 2012 13:00:00 GMT

The Reserve Bank of Australia (RBA) is coming under mounting pressure to make further cuts to interest rates.

Banks issue festive payment warning

Mon, 19 Dec 2011 13:00:00 GMT

Aussies have been urged not to leave it until the last minute if they want to make payments from their bank accounts this Christmas. Each year the Reserve Bank of Australia (RBA) sets out the days in which institutions across the country should process transactions. As well as weekends, banking staff are also given time off on public holidays and some have warned that those hoping to make a payment from their account will have to do so before 18:00 (AEDT) on Friday (December 23rd) if they want the money to be transferred immediately. Those who miss this deadline have been told that the transaction may not be handled by the banks until December 29th. The same "bank black out" scenario will also happen over the new year period, as January 2nd has been outlined as a public holiday too. Earlier this month, the RBA sanctioned a cut to interest rates, which followed on from an identical readjustment in November.

One in three Aussies predict interest rates to fall again

Tue, 29 Nov 2011 13:00:00 GMT

More than one in three Aussies believe the Reserve Bank of Australia (RBA) will cut interest rates again this month.

RBA 'should cut rates further to boost property sector'

Sun, 13 Nov 2011 13:00:00 GMT

The Reserve Bank of Australia (RBA) needs to introduce more interest rate cuts in the coming months in order to stimulate the country's property market, it has been claimed.

RBA growth projections are 'optimistic'

Sun, 06 Nov 2011 13:00:00 GMT

The Reserve Bank of Australia's growth predictions are a little optimistic, according to one leading analyst.

'Consumers to use rate cuts to pay off debt'

Sun, 06 Nov 2011 13:00:00 GMT

Australian consumers are most likely to use the recent Reserve Bank of Australia (RBA) rate cut to bolster their debt repayment plans, rather than investing the extra cash in savings accounts.

RBA 'unlikely to reduce the cash rates further in December'

Thu, 03 Nov 2011 13:00:00 GMT

The Reserve Bank of Australia (RBA) is unlikely to announce another reduction to the cash rate when it meets next month, an expert has asserted.

RBA lowers cash rate by 25 basis points

Mon, 31 Oct 2011 13:00:00 GMT

The Reserve Bank of Australia (RBA) has announced the first interest rate cut of 2011, which will come into effect tomorrow (November 2nd).

Regulators of financial sector 'need power and resources'

Thu, 27 Oct 2011 13:00:00 GMT

An official from the Reserve Bank of Australia has said it is vital that regulators are given the power and resources needed to enable them to respond to threats to financial stability.

Next interest rate change 'will rest on inflation data'

Tue, 25 Oct 2011 13:00:00 GMT

The next decision by the Reserve Bank of Australia (RBA) regarding interest rates is likely to be based on inflation data, it has been claimed.

RBA rate cut 'would make property a more attractive investment'

Tue, 25 Oct 2011 13:00:00 GMT

With many pundits suggesting that the Reserve Bank of Australia (RBA) is likely to cut interest rates in the coming months, property is likely to prove an even more attractive investment option, it has been suggested.

RBA suggests interest rate cut is on the cards

Mon, 24 Oct 2011 13:00:00 GMT

The Reserve Bank of Australia (RBA) has revealed that is has not ruled out the possibility of a reduction in the cash rate at the next meeting of the board.

Australia's cash rate 'provides room for manoeuvre'

Thu, 20 Oct 2011 13:00:00 GMT

Australia's cash rate provides the Reserve Bank of Australia (RBA) with room to make further cuts in order to stimulate the economy, a position many other central banks are not in.

Shadow treasurer calls on RBA to cut interest rates

Wed, 19 Oct 2011 13:00:00 GMT

Shadow treasurer Joe Hockey has called on the Reserve Bank of Australia to reduce the cash rate from its current 4.75 per cent level.

Latest job figures suggest interest rate change is 'unlikely'

Wed, 12 Oct 2011 13:00:00 GMT

The latest jobs data published by the Australian Bureau of Statistics (ABS) mean it is unlikely that the Reserve Bank of Australia (RBA) will change the cash rate at the next meeting of the board.

Odds of RBA interest rate cut 'improved'

Sun, 09 Oct 2011 13:00:00 GMT

With figures showing a decline in the number of jobs available in Australia, the likelihood that there will be a reduction in interest rates has increased, it has been claimed.

Retail figures 'suggest RBA will keep interest rates on hold'

Tue, 04 Oct 2011 13:00:00 GMT

The latest retail data from the Australian Bureau of Statistics has revealed that in August there was a 0.6 per cent increase in turnover in the sector compared with the month before.

Cash rate kept at 4.75 per cent by Reserve Bank of Australia

Mon, 03 Oct 2011 13:00:00 GMT

The Reserve Bank of Australia (RBA) has announced that the cash rate will remain at 4.75 per cent for the 12th consecutive month.

Westpac calls for interest rate reduction by the RBA

Wed, 21 Sep 2011 14:00:00 GMT

The Reserve Bank of Australia (RBA) has been urged to reduce the cash rate by Westpac's chief economist Bill Evans.

RBA minutes suggest a wait-and-see approach

Mon, 19 Sep 2011 14:00:00 GMT

The minutes from the latest Reserve Bank of Australia (RBA) monetary policy meeting suggest that the board has adopted a cautious approach to changing the rates.

NAB and Westpac disagree on future of the cash rate

Thu, 15 Sep 2011 14:00:00 GMT

Experts at two major banks have unveiled different forecasts regarding future changes to the cash rate by the Reserve Bank of Australia (RBA).

IMF suggests RBA is 'right to hold interest rates'

Wed, 14 Sep 2011 14:00:00 GMT

The International Monetary Fund (IMF) has asserted that the Reserve Bank of Australia (RBA) is in a position in which it can afford to maintain interest rates at their current level.

Westpac calls on RBA for a rate cut

Mon, 12 Sep 2011 14:00:00 GMT

Westpac has urged the Reserve Bank of Australia (RBA) to consider cutting rates in the near future to prevent unemployment rates from increasing.

Cash rate left unchanged by RBA

Mon, 05 Sep 2011 14:00:00 GMT

As many economists forecast, the Reserve Bank of Australia (RBA) has once again opted not to change the cash rate, leaving it at the 4.75 per cent level set in November 2010.

RBA 'unlikely to increase cash rate in 2011'

Sun, 04 Sep 2011 14:00:00 GMT

The Reserve Bank of Australia (RBA) is unlikely to hike interest rates before the end of 2011, an expert has stated.

September cut in interest rates 'increasingly unlikely'

Wed, 31 Aug 2011 14:00:00 GMT

Improvements in retail sales figures and business investment plans have given weight to forecasts that the Reserve Bank of Australia is unlikely to increase interest rates at the next meeting of the board.

RBA 'may cut interest rates by the end of the year'

Wed, 31 Aug 2011 14:00:00 GMT

If current economic trends continue, the Reserve Bank of Australia (RBA) is likely to reduce interest rates later this year, according to an expert from UBS.

Westpac expert forecasts RBA rate cut in December

Tue, 30 Aug 2011 14:00:00 GMT

The Reserve Bank of Australia (RBA) is likely to reduce interest rates by 25 basis points in December, according to an expert at Westpac.

RBA forecasts tough months ahead

Mon, 22 Aug 2011 14:00:00 GMT

The deputy governor of the Reserve Bank of Australia (RBA) Ric Battelino has said the financial institution faces some difficult decisions regarding interest rates in the coming months.

RBA to cut rates by November, says Merrill Lynch

Sun, 21 Aug 2011 14:00:00 GMT

Impending job cuts by a number of major firms are likely to contribute to a decision by the Reserve Bank of Australia (RBA) to cut interest rates in the coming months, according to an expert at Merrill Lynch.

Aussies "flummoxed" over future of interest rates

Tue, 16 Aug 2011 14:00:00 GMT

Consumers in Australia are growing increasingly divided in opinion about whether interest rates will be increased or cut by the Reserve Bank of Australia.

Rate cuts on cards following US downgrade

Sun, 07 Aug 2011 14:00:00 GMT

The downgrading of the US's credit rating by Standard & Poor has caused stock markets around the globe to tumble and more interest rate cuts may be pushed through by the Reserve Bank of Australia (RBA) as a result.

RBA cuts growth forecast by 1%

Thu, 04 Aug 2011 14:00:00 GMT

Concerns that the Australian economy could be faltering - which could have a huge impact on house prices and home loan availability - have been compounded by the Reserve Bank of Australia's (RBA) decision to downgrade its growth forecast.

Growing numbers of Aussies in need of student finance

Mon, 01 Aug 2011 14:00:00 GMT

Over the last ten years, the number of Aussies in need of student finance has risen significantly, new figures reveal.

RBA leaves cash rate at 4.75 per cent

Mon, 01 Aug 2011 14:00:00 GMT

The board of the Reserve Bank of Australia (RBA) has announced that the cash rate will remain at 4.75 per cent following a slowing in the pace of economic growth during the June quarter.

NSW premier urges RBA to avoid interest rates increase

Sun, 31 Jul 2011 14:00:00 GMT

The Reserve Bank of Australia (RBA) has been urged by New South Wales (NSW) premier Barry O'Farrell to resist the temptation to hike interest rates.

ANZ forecasts increase in interest rates

Wed, 27 Jul 2011 14:00:00 GMT

ANZ economist Katie Dean has forecast that the Reserve Bank of Australia (RBA) is likely to increase interest rates at the next board meeting.

Consumer spending will increase in long term states RBA

Wed, 27 Jul 2011 14:00:00 GMT

Consumer spending on low-rate credit cards will increase in the long term, but the Reserve Bank of Australia (RBA) is unsure when the economy will bounce back.

CBA economist: RBA likely to delay rate changes

Thu, 21 Jul 2011 14:00:00 GMT

Domestic and international economic conditions will enable the Reserve Bank of Australia (RBA) to delay any adjustments to interest rates, according to an expert at the Commonwealth Bank of Australia (CBA).

RBA holds interest rates at 4.75 per cent

Mon, 04 Jul 2011 14:00:00 GMT

The Reserve Bank of Australia (RBA) has announced that for the eighth consecutive month, it will leave the cash rate at 4.75 per cent.

HSBC 'calls for 100 basis points hike in interest rates by mid-2012'

Sun, 03 Jul 2011 14:00:00 GMT

The Reserve Bank of Australia's (RBA's) board is expected to keep interest rates at 4.75 per cent when they meet tomorrow (July 5th 2011), but an HSBC economist has said that by this time next year there may be a one per cent rise.

RBA 'may hike rates in August or later'

Thu, 30 Jun 2011 14:00:00 GMT

The Reserve Bank of Australia (RBA) is unlikely to increase the cash rate in July but may do so in August or the final quarter of the year, it has been suggested.

RBA interest rate rise 'not urgent'

Mon, 20 Jun 2011 14:00:00 GMT

The minutes of the last Reserve Bank of Australia (RBA) monetary policy meeting have revealed that the central bank does not consider an interest rates increase to be a matter of urgency.

RBA urged not to raise interest rates

Wed, 15 Jun 2011 14:00:00 GMT

Business lobby group the Australian Chamber of Commerce and Industry (ACCI) has urged the Reserve Bank of Australia not to increase interest rates.

RBA leaves cash rate at 4.75 per cent

Tue, 07 Jun 2011 14:00:00 GMT

The Reserve Bank of Australia (RBA) has opted to leave the cash rate at 4.75 per cent for another month, marking the seventh month in which there has been no change.

RBA 'should not increase interest rates'

Tue, 31 May 2011 14:00:00 GMT

The Australian National Retailers Association (ANRA) has called on the Reserve Bank of Australia (RBA) not to increase interest rates when its board convenes later this month.

RBA 'predicts period of households borrowing less'

Thu, 26 May 2011 14:00:00 GMT

The Reserve Bank of Australia has predicted there will be a period of households borrowing less money, which will result in a subdued growth in credit.

RBA deputy says 'interest rates to rise globally'

Wed, 25 May 2011 14:00:00 GMT

Recent comments by the Reserve Bank of Australia's (RBA's) deputy governor Ric Battellino may support the notion that a hike in interest rates is imminent.

Building figures suggest RBA rate rise in June 'is unlikely'

Tue, 24 May 2011 14:00:00 GMT

The Reserve Bank of Australia (RBA) is unlikely to increase interest rates next month in light of weak construction figures released by the Australian Bureau of Statistics, it has been claimed.

Westpac 'expects rate rise very soon but not in June'

Tue, 24 May 2011 14:00:00 GMT

A senior official at Westpac has stated that the financial institution believes the Reserve Bank of Australia will have to increase interest rates in the near future but said it is unlikely to be in June.

RBA 'should be cautious with interest rates'

Wed, 18 May 2011 14:00:00 GMT

Raising interest rates in June, as many economists have tipped the central bank to do, would be a "dangerous" move, one expert has stated.

RBA hints interest rate hike 'still likely'

Mon, 16 May 2011 14:00:00 GMT

Minutes from the May 3rd meeting of the Reserve Bank of Australia's (RBA's) board indicate that an increase in interest rates in the near future is still likely.

RBA keeps rates at 4.75 per cent

Mon, 02 May 2011 14:00:00 GMT

The Reserve Bank of Australia (RBA) has announced that the cash rate of 4.75 per cent - which was set in November 2010 - will not be changed this month.

RBA holds rates at 4.75 per cent

Mon, 04 Apr 2011 14:00:00 GMT

The Reserve Bank of Australia (RBA) announced yesterday (April 5th) that the cash rate would remain at 4.75 per cent.

RBA to raise rates by 0.5 per cent this year, expert claims

Sun, 03 Apr 2011 14:00:00 GMT

The Reserve Bank of Australia (RBA) is likely to increase the cash rate over the course of 2011, according to one investment bank.

RBA 'expected to keep cash rate at 4.75 per cent'

Thu, 31 Mar 2011 13:00:00 GMT

The Reserve Bank of Australia (RBA) is likely to keep the cash rate at 4.75 per cent when its board meets on Tuesday (April 5th), it has been claimed.

'More Australians are paying bills online'

Tue, 29 Mar 2011 13:00:00 GMT

An increasing number of Australians are opting to pay bills online, according to a survey by the Reserve Bank of Australia (RBA).

Aussie families "consolidating their debt"

Wed, 23 Mar 2011 13:00:00 GMT

Aussie households are consolidating debt and saving at a much better rate than in previous years, new research has revealed, as well as displaying a more careful approach to borrowing than was seen before the recession.

RBA 'to follow more aggressive rates strategy in 2013'

Thu, 17 Mar 2011 13:00:00 GMT

The Reserve Bank of Australia (RBA) is likely to pursue a more aggressive rates strategy in 2013 than in 2012, according to one expert.

RBA to 'look beyond extreme weather when setting interest rates'

Tue, 15 Mar 2011 13:00:00 GMT

As it decides future interest rates, the Reserve Bank of Australia (RBA) has said it will take account of the recent extreme weather conditions seen in the country but use a medium-term approach in its calculations.

RBA 'will raise rate in July or August'

Sun, 13 Mar 2011 13:00:00 GMT

The Reserve Bank of Australia (RBA) will raise its official rate in July or August, according to an expert.

RBA governor 'not troubled by income to house-price ratios'

Wed, 09 Mar 2011 13:00:00 GMT

The current ratio of house prices to income for those looking to purchase a property is not an issue that needs to be addressed, the head of the Reserve Bank of Australia (RBA) has claimed.

RBA 'might hold interest rates due to job market problems'

Wed, 09 Mar 2011 13:00:00 GMT

The slow job market might encourage the Reserve Bank of Australia (RBA) to hold interest rates at their current level, it has been suggested.

RBA governor urges Aussies to carry on saving

Tue, 22 Feb 2011 13:00:00 GMT

Australians need to keep topping up their savings accounts in order to safeguard against any further economic setbacks.

Inflation to go up more than expected, says RBA

Wed, 16 Feb 2011 13:00:00 GMT

The assistant governor of the Reserve Bank of Australia (RBA), Philip Lowe, has predicted that the recent floods, combined with the damage caused by the cyclone, could push inflation up over the coming weeks.

Jobs growth 'consistent with RBA rates policy'

Wed, 09 Feb 2011 13:00:00 GMT

The Reserve Bank (RBA) will likely feel comfortable with its current interest rates policy following the release of new jobs data, it has been suggested.

Citi predicts 1% rise in official interest rate this year

Sun, 06 Feb 2011 13:00:00 GMT

The Reserve Bank (RBA) will be forced to lift the official cash rate sooner than expected this year, a leading analyst has said.

RBA to keep rates on hold until July, says ANZ

Wed, 02 Feb 2011 13:00:00 GMT

The Reserve Bank (RBA) will not lift the official interest rate until the second half of this year, a leading economist has said.

Official interest rate held at 4.75%

Mon, 31 Jan 2011 13:00:00 GMT

The Reserve Bank of Australia (RBA) chose to keep the official cash rate at 4.75 per cent today (February 1st) after highlighting the impact of low inflation and the Queensland floods on the country's economy.

RBA to adopt 'wait-and-see' stance on interest rates

Sun, 30 Jan 2011 13:00:00 GMT

Economists are very confident that the Reserve Bank (RBA) will keep the official cash rate at 4.75 per cent at its board meeting tomorrow (February 1st), a new survey shows.

Former RBA official points to interest rates reprieve

Thu, 27 Jan 2011 13:00:00 GMT

Interest rates are likely to remain on hold for the short-term, a former official at the Reserve Bank (RBA) has said.

Slowing growth points to rate hike in second half of 2011

Wed, 26 Jan 2011 13:00:00 GMT

Australia's slowing economic growth means that interest rates are unlikely to rise until the second half of 2011, new research has found.

Interest rates 'to remain unchanged for some time'

Tue, 25 Jan 2011 13:00:00 GMT

The Reserve Bank (RBA) will likely keep interest rates on hold when its board meets next week, a leading economist has said.

Interest rate move 'may depend on unemployment'

Tue, 18 Jan 2011 13:00:00 GMT

Australian unemployment figures could hold the key to the Reserve Bank's next interest rate decision, it has been suggested.

Interest rate hike 'more likely' after flood disaster

Tue, 18 Jan 2011 13:00:00 GMT

The Reserve Bank (RBA) is under greater pressure to lift interest rates following the Queensland flood disaster, it has been suggested.

February interest rate hike unlikely after retail data

Mon, 10 Jan 2011 13:00:00 GMT

The Reserve Bank (RBA) has been tipped to keep interest rates on hold next month following the release of new data on the Australian economy.

Stimulus spending is prompting rate hikes, says RBA member

Tue, 04 Jan 2011 13:00:00 GMT

The federal government's spending on stimulus measures and the $35.9 billion Federal Broadband Network is putting pressure on the Reserve Bank to raise interest rates, a board member at the central bank has said.

Interest rate hike blamed for sluggish Christmas sales

Thu, 23 Dec 2010 13:00:00 GMT

Last month's interest rate rises are partly behind the sluggish sales that have been seen among retailers this holiday season, an expert has said.

RBA to lift interest rates in Q2 2011, experts say

Tue, 21 Dec 2010 13:00:00 GMT

The Reserve Bank (RBA) will lift the official cash rate in the second quarter of next year, a number of leading analysts have predicted.

Economic boom will lead to 2011 rate rises, survey finds

Wed, 15 Dec 2010 13:00:00 GMT

Australia's economy will perform strongly next year, thereby increasing the likelihood of interest rate hikes, a new poll claims.

Jobs growth puts pressure on interest rates

Wed, 08 Dec 2010 13:00:00 GMT

The Reserve Bank (RBA) may be tempted to lift interest rates again early next year following the release of better-than-expected employment figures, a leading analyst has said.

ANZ: Interest rate rise unlikely before March 2011

Mon, 29 Nov 2010 13:00:00 GMT

The Reserve Bank (RBA) is unlikely to raise interest rates before March or even April next year, it has been predicted.

RBA: Christmas rate rise is unlikely

Thu, 25 Nov 2010 13:00:00 GMT

Borrowers have been offered some good news on interest rates after the Reserve Bank (RBA) indicated that the official cash rate will likely remain unchanged for the rest of the year.

RBA slammed for halting sales growth

Wed, 17 Nov 2010 13:00:00 GMT

The Reserve Bank (RBA) has been criticised for dampening consumer sentiment with its latest interest rate hike just as spending was beginning to pick up.

Rate stress warning for RBA

Thu, 11 Nov 2010 13:00:00 GMT

The Reserve Bank (RBA) risks subjecting a significant proportion of Aussie home borrowers to severe mortgage stress if interest rates rise by another 100 basis points next year, it has been suggested.

Rates 'chasm' won't be reversed, says Westpac

Wed, 03 Nov 2010 13:00:00 GMT

The growing chasm between the official interest rate and bank mortgage rates will never be reversed, a leading banker has suggested.

Interest rate hikes 'were necessary'

Tue, 02 Nov 2010 13:00:00 GMT

The decisions of the Reserve Bank (RBA) and Commonwealth Bank (CBA) to raise interest rates yesterday (November 2nd) were necessary for promoting economic stability and growth, one commentator has claimed.

RBA lifts cash rate to 4.75%

Mon, 01 Nov 2010 13:00:00 GMT

The Reserve Bank (RBA) has surprised many economists by choosing to lift the official cash rate by 25 basis points to 4.75 per cent today (November 2nd).

RBA likely to hold rates until February, says expert

Thu, 28 Oct 2010 13:00:00 GMT

The next official interest rate rise is likely to come in February next year, an expert has said.

RBA rate move 'a close call' after inflation data

Tue, 26 Oct 2010 13:00:00 GMT

The Reserve Bank of Australia (RBA) may still raise the official cash rate next week despite inflation data coming in lower than expected, a leading economist has said.

IMF: Australian interest rates must go up soon

Sun, 24 Oct 2010 13:00:00 GMT

The International Monetary Fund (IMF) has suggested that Australia and its neighbours may soon have to hike interest rates in order to protect economic growth in the region.

RBA 'more likely' to make November rate hike

Mon, 11 Oct 2010 13:00:00 GMT

The Reserve Bank of Australia (RBA) is more likely to make an interest rate hike in November than in certain other months, it has been claimed.

Aussies urged to plan for imminent rate rises

Sun, 10 Oct 2010 13:00:00 GMT

Australians have been advised to 'put their houses in order' ahead of expected interest rate hikes by the Reserve Bank (RBA).

RBA: Economy almost at full capacity

Thu, 07 Oct 2010 13:00:00 GMT

Australian economic growth is almost at its limit, the Reserve Bank (RBA) has warned.

RBA surprises market by keeping rates on hold

Mon, 04 Oct 2010 13:00:00 GMT

The Reserve Bank of Australia (RBA) has surprised many economists by keeping the official cash rate on hold at 4.5 per cent for a fifth consecutive month today (October 5th).

Economists expect three interest rate hikes by June 2011

Wed, 29 Sep 2010 14:00:00 GMT

There is broad agreement among leading economists that the Reserve Bank of Australia (RBA) will raise interest rates before the end of the year as well as into the first half of 2011.

RBA hike set to prompt extra bank rises

Wed, 29 Sep 2010 14:00:00 GMT

Australian banks appear set to raise home loan rates by more than the expected, upcoming Reserve Bank (RBA) hike, a commentator has said.

RBA insider: Expect five rate hikes by end of 2011

Wed, 22 Sep 2010 14:00:00 GMT

A former Reserve Bank honcho has predicted there will be five interest rate hikes by the end of next year.

RBA: Robust growth may require rate hike

Sun, 19 Sep 2010 14:00:00 GMT

Australia's "robust economic upswing" may require the Reserve Bank (RBA) to hike interest rates, its governor Glenn Stevens has said.

Consumer confidence falls despite steady interest rates

Tue, 14 Sep 2010 14:00:00 GMT

Consumer sentiment has dropped by five per cent this month despite the Reserve Bank's decision to keep interest rates on hold.

Jobs growth puts pressure on RBA

Thu, 09 Sep 2010 14:00:00 GMT

The Reserve Bank of Australia (RBA) is under pressure to hike interest rates again this year following strong jobs data, a market analyst has said.

RBA 'must give homebuyers confidence'

Tue, 07 Sep 2010 14:00:00 GMT

The Reserve Bank of Australia (RBA) may have to keep interest rates on hold for some time before confidence returns to the home financing market, an expert has said.

RBA keeps rate at 4.5% for fourth consecutive month

Mon, 06 Sep 2010 14:00:00 GMT

The Reserve Bank of Australia (RBA) has kept the official cash rate on hold at 4.5 per cent for the fourth consecutive month.

Stronger-than-expected data makes rate hike likely

Mon, 30 Aug 2010 14:00:00 GMT

New retail trade and building approval figures suggest that an interest rate hike before the end of the year is now highly likely, an expert has said.

RBA 'comfortable' with 4.5% rate

Tue, 17 Aug 2010 14:00:00 GMT

Newly released minutes show that the Reserve Bank of Australia (RBA) was "comfortable" with leaving interest rates at 4.5 per cent at its board meeting earlier this month, suggesting a continued pause in rate movements is likely.

Unemployment rise makes rate hike unlikely

Wed, 11 Aug 2010 14:00:00 GMT

A leading economist has predicted that official interest rates will stay on hold until next year following new unemployment and inflation trend data.

Interest rates to remain on hold, suggests RBA

Thu, 05 Aug 2010 14:00:00 GMT

The Reserve Bank of Australia (RBA) has suggested that interest rates will stay on hold over the coming months.

Gillard claims credit for interest rate decision

Wed, 04 Aug 2010 14:00:00 GMT

Prime minister Julia Gillard has claimed that the Reserve Bank's (RBA) decision to keep interest rates on hold this week is further proof of Labor's strong economic management.

RBA holds fire on rates for another month

Mon, 02 Aug 2010 14:00:00 GMT

The Reserve Bank of Australia (RBA) has kept the official cash rate at 4.5 per cent following its monthly board meeting today (August 3rd).

Interest rates expected to stay on hold until end of 2010

Thu, 29 Jul 2010 14:00:00 GMT

There is unanimous agreement among Australia's leading economists that official interest rates will remain on hold until the final quarter of the year, new research suggests.

Interest rate fears eased by inflation data

Tue, 27 Jul 2010 14:00:00 GMT

Fears of an official interest rate hike next month have been eased after Consumer Price Index data showed a smaller-than-expected rise in inflation.

RBA: Inflation still holds key to interest rates

Tue, 20 Jul 2010 14:00:00 GMT

The Reserve Bank of Australia will only decide whether or not to raise interest rates at its meeting next month after it receives official inflation data on July 28th, it has been revealed.

Half of households worried by future RBA action

Tue, 13 Jul 2010 14:00:00 GMT

Half of Australia's households are worried by the prospect of another official interest rate hike by the Reserve Bank (RBA), new research shows.

RBA could hike rates during national election

Tue, 06 Jul 2010 14:00:00 GMT

The Reserve Bank of Australia (RBA) could hike interest rates to coincide with an expected national election later this year, it has been observed.

Reserve Bank keeps official interest rate at 4.5%

Mon, 05 Jul 2010 14:00:00 GMT

The Reserve Bank of Australia (RBA) opted to keep the official cash rate at 4.5 per cent for a second consecutive month today (July 6th), offering a reprieve for borrowers struggling with debt repayments.

Interest rates could stay on hiatus

Wed, 30 Jun 2010 14:00:00 GMT

The Reserve Bank of Australia (RBA) may put official interest rates on an "extended pause" following the economic effects of consistent recent hikes, it has been suggested.

European crisis could be an interest rate 'game changer'

Thu, 24 Jun 2010 14:00:00 GMT

The brewing financial crisis in Europe could still dictate Australia's official interest rate policy, it has been argued.

RBA 'could hold fire on rates until November'

Thu, 17 Jun 2010 14:00:00 GMT

The Reserve Bank of Australia (RBA) may be able to keep interest rates steady until November if inflation proves to be "just about tolerable" in the upcoming consumer price index (CPI) for the June quarter, an expert has said.

Low interest rates have led to rising debt, says RBA

Tue, 15 Jun 2010 14:00:00 GMT

Structural declines in official interest rates have caused households to accumulate more debt, the Reserve Bank of Australia (RBA) has said.

RBA'S Broadbent confident in Australia's resilience

Mon, 07 Jun 2010 14:00:00 GMT

Australia's economy is strong enough to endure the global economic volatility prompted by Europe's debt crisis, Reserve Bank (RBA) board member Jillian Broadbent has said.

RBA offers 'welcome relief' as interest rates kept steady

Mon, 31 May 2010 14:00:00 GMT

The Reserve Bank of Australia (RBA) has kept the official cash rate on hold at 4.5 per cent.

Economists change stance and bet on RBA rate cut

Tue, 25 May 2010 14:00:00 GMT

The futures market has reversed its position on the Reserve Bank of Australia's official cash rate policy and is now expecting the rate to fall this year, it has been revealed.

RBA points towards interest rate pause

Tue, 18 May 2010 14:00:00 GMT

The Reserve Bank of Australia (RBA) has suggested borrowers may get a reprieve from further interest rate hikes when it meets again on June 1st.

Slower population growth could ease interest rate pressure

Sun, 16 May 2010 14:00:00 GMT

Australia's population growth is set to slow over the next two years, thereby easing the upward pressure on interest rates, new research has suggested.

Interest rates 'to soon nudge double digits'

Thu, 13 May 2010 14:00:00 GMT

Mortgage rates could rise close to ten per cent within 18 months if the government's optimistic economic forecasts are fulfilled.

European crisis 'could encourage RBA to cut rate'

Sun, 09 May 2010 14:00:00 GMT

Economists have predicted that the worsening financial crisis in Europe will prompt the Reserve Bank of Australia (RBA) to put a halt to any further cash rate hikes in the next few months – a reversal of previous forecasts.

RBA 'likely to pause' rate hike next month

Tue, 04 May 2010 14:00:00 GMT

The Reserve Bank of Australia (RBA) is likely to keep the official cash rate on hold next month after making a third consecutive hike yesterday (May 4th), an expert has predicted.

Reserve Bank hikes official cash rate to 4.5%

Mon, 03 May 2010 14:00:00 GMT

The Reserve Bank of Australia (RBA) has increased its official cash rate for the third time in a row.

House prices 'will drive RBA rate hike'

Thu, 29 Apr 2010 14:00:00 GMT

Australia's rapidly rising house prices are likely to prompt the Reserve Bank to raise official interest rates at its board meeting on Tuesday (May 4th), a commentator has observed.

Greek crisis could halt RBA hike

Wed, 28 Apr 2010 14:00:00 GMT

The deepening economic crisis in Greece is likely to halt the Reserve Bank of Australia's (RBA) current policing of raising interest rates, it has been predicted.

Rising prices point to further interest rate hike in May

Tue, 27 Apr 2010 14:00:00 GMT

Inflation in recent months has grown at a faster rate than original forecasts, suggesting the Reserve Bank of Australia (RBA) could lift its official cash rate as early as next week.

Rising rates 'will hit renters hard'

Sun, 25 Apr 2010 14:00:00 GMT

Renters will be forced to pay the price for rising interest rates over the next two years as landlords pass on higher mortgage costs to tenants, it has been claimed.

RBA urged to halt rate rises

Mon, 19 Apr 2010 14:00:00 GMT

The Reserve Bank (RBA) should slow its current policy of raising official interest rates, it has been argued.

Australian sharemarket rises above 5,000 points again

Wed, 14 Apr 2010 14:00:00 GMT

The Australian sharemarket has performed well this week, with yesterday marking the third time that it ended over 5,000 points.

Continuing RBA rate rises 'will grind Australia to a halt'

Thu, 08 Apr 2010 14:00:00 GMT

Consumer spending will fall dramatically and Australia's economy will grind to a halt if the Reserve Bank (RBA) continues to raise official interest rates, an expert has warned.

Mozo urges borrower caution after new RBA rate rise

Mon, 05 Apr 2010 14:00:00 GMT

Finance comparison website mozo.com.au has advised borrowers to keep a close eye on the interest rate activity of the 'Big Four' banks after the Reserve Bank (RBA) put the official cash rate up by a further 0.25 per cent.

Experts predicting further interest rate rises after Easter

Sun, 28 Mar 2010 13:00:00 GMT

The Reserve Bank of Australia (RBA) is likely to implement yet another interest rate hike after the Easter break, various experts have predicted.

RBA warns: Bank deposit war will raise costs

Thu, 25 Mar 2010 13:00:00 GMT

Australia's leading retail banks may be pushing up their costs in a bid to provide customers with the best deals, the RBA has said.

RBA assistant governor: Mortgage holder interest rates below decade average

Thu, 25 Mar 2010 13:00:00 GMT

Interest rates for mortgage holders are approximately 50 basis points below the decade average, according to the RBA.

ACCI: RBA should hold interest rate

Wed, 17 Mar 2010 13:00:00 GMT

The Reserve Bank of Australia (RBA) has been urged to pause decisions to raise its interest rate any further by the Australian Chamber of Commerce and Industry (ACCI).

RBA 'likely to keep interest rates steady in April'

Mon, 15 Mar 2010 13:00:00 GMT

The Reserve Bank of Australia (RBA) is likely to keep interest rates on hold in April, an expert has said.

Interest rates 'likely to rise in April'

Thu, 11 Mar 2010 13:00:00 GMT

An interest rate rise next month is likely, thanks to a series of new figure suggesting that Australia is heading towards recovery, it has been claimed.

Aussies may compare cheap credit cards following rate rise

Mon, 30 Nov 2009 13:00:00 GMT

Aussies may be tempted to scour the market for cheap credit cards following the decision by the Reserve Bank of Australia (RBA) to up the interest rate.

Experts expect RBA interest rate rise

Sun, 29 Nov 2009 13:00:00 GMT

Experts predict that the Reserve Bank of Australia (RBA) will increase the interest rate by 25 basis points this week.

RBA interest rate rise 'on the cards'

Thu, 26 Nov 2009 13:00:00 GMT

Economic commentators say the comments of a government official signal further interest rate hikes from the Reserve Bank of Australia (RBA) next week.

Economy will grow over the next year, says RBA

Tue, 03 Nov 2009 13:00:00 GMT

The economy is likely to grow over the next year, the Reserve Bank of Australia (RBA) has stated.

RBA raises interest rate by 25 basis points

Mon, 05 Oct 2009 13:00:00 GMT

The Reserve Bank of Australia (RBA) has announced that it is to increase the national interest rate by 25 basis points.

RBA issues warning over high house prices

Mon, 28 Sep 2009 14:00:00 GMT

The Reserve Bank of Australia (RBA) has warned that the cost of houses is increasing, which could leave people requiring larger home loans.

RBA: Australia's banks given clean bill of health

Wed, 23 Sep 2009 14:00:00 GMT

The Reserve Bank of Australia (RBA) recently gave the country's banks a clean bill of health.

RBA: There is still uncertainty over interest rates

Wed, 16 Sep 2009 14:00:00 GMT

The Reserve Bank of Australia (RBA) has asserted that there is still a level of uncertainty concerning interest rates.

Interest rates maintained at 49-year low

Wed, 02 Sep 2009 14:00:00 GMT

The Australian interest rate is to be maintained at the current level, which may be good news for those looking for low interest home loans.

Australian banks have 'favourable position' in home loans

Tue, 18 Aug 2009 14:00:00 GMT

Throughout the economic downturn, Australia's banks have outperformed their global counterparts when it comes to home loans.

Further interest rate cuts 'unnecessary'

Mon, 17 Aug 2009 14:00:00 GMT

Further national interest rate cuts will not be necessary, it has been suggested.

Australia to experience 'shallow recession'

Sun, 16 Aug 2009 14:00:00 GMT

Consumers looking at home loan rates may take some comfort from comments made this week concerning the recession.

RBA retains three per cent rate

Mon, 03 Aug 2009 14:00:00 GMT

The Reserve Bank of Australia has opted against a further interest rate cut, by keeping the cash price at three per cent.

Don't bank on RBA rate cut

Wed, 15 Jul 2009 14:00:00 GMT

A number of experts are betting that the Reserve Bank of Australia (RBA) will avoid making any further interest rate cuts.

RBA stands firms on interest rates

Mon, 06 Jul 2009 14:00:00 GMT

The Reserve Bank of Australia (RBA) has decided to keep interest rates at three per cent, acting in line with many experts' expectations.

HIA says no move is right move

Mon, 06 Jul 2009 14:00:00 GMT

The Housing Industry Association (HIA) has welcomed the Reserve Bank of Australia's (RBA's) decision to leave interest rates at three per cent.

RBA could cut twice more

Thu, 25 Jun 2009 14:00:00 GMT

Despite lopping an unprecedented 425 basis points off the base rate since September, the Reserve Bank of Australia (RBA) still has room to make at least two additional interest rate cuts.

RBA: Interest rates easing cashflow

Mon, 15 Jun 2009 14:00:00 GMT

The record interest rate cuts seen in the months that followed the financial crisis have helped to put more money in people's pockets, the Reserve Bank of Australia (RBA) reports.

RBA may cut next month after CBA home loan hikes

Sun, 14 Jun 2009 14:00:00 GMT

Pressure is mounting on the Reserve Bank of Australia (RBA) to cut interest rates again after Commonwealth Bank revealed that it would be raising rates on its home loans.

Sydney man's punt on the RBA pays off

Mon, 01 Jun 2009 14:00:00 GMT

Although many home loan customers will have been hoping that the Reserve Bank of Australia (RBA) would cut interest rates this month, one Sydney punter will be very relieved they kept them on hold.

RBA keeps interest rates at 3%

Mon, 01 Jun 2009 14:00:00 GMT

The Reserve Bank of Australia (RBA) decided to keep interest rates at three per cent again this month, encouraged by signs that the global economy is coming out of its tailspin.

RBA: Home loan credit up in March

Wed, 29 Apr 2009 14:00:00 GMT

The amount of credit approved for Australians looking for home loans increased by 0.6 per cent in March, the Reserve Bank of Australia (RBA) has announced.

RBA 'to keep rates unchanged'

Tue, 21 Apr 2009 14:00:00 GMT

It looks like the Reserve Bank of Australia's (RBA's) interest rate cutting bonanza may be over, with experts predicting that the Bank will keep the cash rate at 3.25 per cent when it meets in May.

RBA: Australia is in recession

Mon, 20 Apr 2009 14:00:00 GMT

Australia has become the latest country to slip into recession, the Reserve Bank's governor Glenn Stevens has confirmed.

NAB defends itself for refusing to budge on RBA rates

Mon, 06 Apr 2009 14:00:00 GMT

National Australia Bank has claimed that it has done more than the other Australian banks in bringing home loan interest rates down in line with the Reserve Bank of Australia's (RBA's) target.

RBA sets the bar in interest rate limbo

Mon, 06 Apr 2009 14:00:00 GMT

The Reserve Bank of Australia (RBA) has set the bar for interest rates further into historic territory with the decision to lower the cash rate to an even three per cent.

RBA 'won't budge' on rates til May

Wed, 01 Apr 2009 13:00:00 GMT

The Reserve Bank of Australia's (RBA's) interest rate cutting bonanza has come to an end, experts have decided.

RBA: First home grants are a ticking time bomb

Tue, 31 Mar 2009 13:00:00 GMT

The first-home buyers grant may end up doing damage to the housing market by excluding buyers from the low end of the property market, a spokesperson for the Reserve Bank of Australia (RBA) has warned.

RBA says cuts on the way if needed

Mon, 30 Mar 2009 13:00:00 GMT

The Reserve Bank of Australia (RBA) has got plenty of room to make more interest rate cuts if they are needed, the Bank's deputy governor has claimed.

RBA mulled over another rate cut

Mon, 16 Mar 2009 13:00:00 GMT

Before deciding to keep interest rates on hold, the Reserve Bank of Australia (RBA) had weighed up the idea of another cut.

Home loans 'a winner for everone'

Sun, 08 Mar 2009 13:00:00 GMT

With the Reserve Bank of Australia (RBA) pushing interest rates to historic lows, there has never been a better time to grab yourself a low-interest home loan, the Sydney Morning Herald reports.

NSW says if in doubt, spend

Thu, 05 Mar 2009 13:00:00 GMT

With the latest national economic figures putting the fear into many experts and average Aussies alike, New South Wales is intent on spending its way out of a crisis.

The case for first home-buyer grant extension grows

Thu, 05 Mar 2009 13:00:00 GMT

A number of home loan and construction experts are calling on the government to extend the boost to first-home buyers grant beyond June 30th.

The Reserve Bank looks ahead

Wed, 04 Mar 2009 13:00:00 GMT

When considering the shape of the economic climate in the months to come, it is vital to remember what has been done to prevent this crisis, the Reserve Bank of Australia's (RBA's) assistant governor Malcolm Edey has said.

Interest rates: time to fix?

Mon, 02 Mar 2009 13:00:00 GMT

With the Reserve Bank of Australia (RBA) deciding to leave interest rates unchanged, many Australians may be wondering whether it is time to fix their mortgage rates when they compare home loans.

RBA rate decision 'a line-ball call'

Mon, 02 Mar 2009 13:00:00 GMT

Although experts had predicted that the Reserve Bank of Australia (RBA) would cut interest rates by as much as 50 basis points, calling it was a line-ball call, new.com.au reports.

The RBA puts down its scissors

Mon, 02 Mar 2009 13:00:00 GMT

For the first time in six months, the Reserve Bank of Australia (RBA) has decided not to cut interest rates, defying predictions and denying home loan customers and first-home buyers a rare spot of good news.

How low can the RBA go?

Sun, 01 Mar 2009 13:00:00 GMT

The Reserve Bank of Australia (RBA) could take interest rates into uncharted territory if it lives up to the predictions of economists quizzed by the AAP.

RBA rates to come down amid fear of a recession

Sun, 01 Mar 2009 13:00:00 GMT

This week will be a big one for investors, policymakers, home loan customers and first-home buyers as the Reserve Bank of Australia (RBA) prepares to make its next decision on whether to lower interest rates again.

Experts warn against gearing after interest rate cuts

Sun, 01 Mar 2009 13:00:00 GMT

As the country anticipates that the Reserve Bank of Australia (RBA) will enact a sixth cut to interest rates in as many months, financial experts have warned against taking out a loan to invest.

Debit cards gaining on credit cards

Thu, 26 Feb 2009 13:00:00 GMT

Although cheap credit cards have hogged the limelight as the plastic payment method of choice for Aussies for many years, debit cards are waiting in the wings.

RBA: Australia getting a lot of traction from cuts

Wed, 18 Feb 2009 13:00:00 GMT

The overall health of the Australian economy has allowed the Reserve Bank of Australia (RBA) to make leaps and bounds on the road to recovery with its strategic cuts to the base rate.