Finance News

RBA gives us another Lowe blow, share markets did not expect it

3 May 2023
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Despite the repeated "Lowe blows" over the past year, it's fair to say we weren't expecting yet another one yesterday. And yet, that's exactly what we got, with RBA Governor Phillip Lowe announcing the bank had decided to raise interest rates by another 0.25%. This is needed, he says, to continue battling inflation, which despite easing isn't…

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10 interest rate increases in a row, but maybe some light at the end of the tunnel

8 March 2023
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Most days if I said you were getting 10 out of 10, you’d be pretty pleased with your performance.  But yesterday the Reserve Bank board handed down yet another interest rate rise, for the 10th consecutive meeting. And that was not the scorecard that mortgage holders wanted to hear.   What does it mean when your lender…

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The RBA nearly lifted by 0.5% in February, plus reporting season interviews with some heavy hitters

22 February 2023
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Yesterday the RBA released the minutes from its February meeting which revealed the RBA Board was seriously thinking about a 0.5% rates increase. Their argument was to combat the inflation challenges we are facing and explained that wages data exceeding expectations, as well as a risk that high prices "in the cost of living" would persist. These, amongst others, were all…

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