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06.10.26 - 08:18
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Australian consumer confidence plunges to worst level since 1990s after RBA rate rise (The Guardian)
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Key indicator dropped about 20% after the Reserve Bank last month announced the highest interest rates since 2011Get our breaking news email, free app or daily news podcastAustralian households are the most persistently pessimistic they have been since the early-1990s recession, after a fourth rate rise this year.Confidence among Australian consumers has plunged about 20% since the Reserve Bank of Australia lifted interest rates to the highest levels since 2011, according to the Westpac–Melbourne Institute consumer sentiment index. Continue reading......
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29.09.26 - 08:06
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RBA interest rates: Reserve Bank hikes cash rate to 4.6%, the highest level since 2011 (The Guardian)
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Widely expected decision is fourth increase to interest rate this year and will be blow to mortgage holders across AustraliaFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank of Australia has lifted its key interest rate to 4.6%, its highest level since 2011, while warning of further hikes.The widely expected fourth increase to the cash rate this year will add to repayment costs for millions of mortgage holders across the country. Before Tuesday's meeting, it sat at 4.35%. Continue reading......
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