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| | | As the Reserve Bank of Australia (RBA) kept the cash rate at 3.60% in April, most economists warn Australians not to rule out further increases throughout the year. Mortgage holders breathed a sigh of relief yesterday afternoon when RBA governor Philip ... |
| | | | Economists are split on the Reserve Bank of Australia's (RBA) upcoming decision on whether to raise the cash rate from 3.6%. The major banks are at odds: ANZ and NAB forecast a 25 basis point cash rate hike, while Commonwealth Bank and Westpac anticipate ... |
| | | | ... turning point in activity around the turn of the year." Bloxham added that beyond April, HSBC expects the RBA to keep the cash rate at 3.60% for several quarters. However, not all in the market are as positive as Bloxham. Despite agreeing that the decline ... |
| | | | ... rises. "We think the RBA is done with rate rises, at least for the moment, we see them pausing in April and keeping the cash rate at 3.60% for a number of quarters after that," he affirmed. "Our view is primarily about our expectation that the economy ... |
| | | | Inflation is eroding retirees' purchasing power, posing a significant risk to their financial stability. With CPI now at 7.8% as of the December quarter of 2022, inflation has become an increasingly pressing issue for retirees, who worry that their ... |
| | | | The Reserve Bank of Australia (RBA) delivered its tenth consecutive rate hike, raising the cash rate by 25bps to 3.60%, however RBA governor Philip Lowe signaled a break could be in sight. "We are closer to a pause," Lowe said today while speaking at ... |
| | | | ... was stronger and that prior increases should largely address the factors considered. As such, the board increased the cash rate target to 3.35% but noted the forecasts for output and inflation were prepared on assumptions the cash rate will hit 3.75%. ... |
| | | | ... target range to close out the year." Inflation hit a whopping 7.8% at the end of 2022, spurring the RBA to ratchet up the cash rate even further. After a long hiatus at 10 basis points, the cash rate grew to 3.35% in February in the space of less than ... |
| | | | ... and will do what is necessary to achieve that," he said. Responding to the RBA announcement, UBS economists said the cash rate hike was expected. However, the RBA took a more hawkish stance compared to their last meeting, contrary to UBS's dovish expectations. ... |
| | | | The Reserve Bank of Australia (RBA) is widely tipped to lift the cash rate by 25 basis points today to fight ongoing inflationary pressure. According to HSBC chief economist Paul Bloxham, inflation is too high and there's yet to be clear evidence ... |
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