The Reserve Bank of Australia is tipped to hike interest rates for the tenth consecutive time, inflicting further pain on already-stretched Australian households.
The RBA is widely expected to lift interest rates on Tuesday by a further 25 basis points, which would take the cash rate to 3.6 per cent and would be the highest level since June 2012.
The Reserve Bank is expected to keep increasing rates in the months ahead as it tries to rein in soaring inflation. It comes as new treasury modelling has shown the impact the government’s shake-up to superannuation will have on future generations.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RBA to lift cash rate to 3.6pc to rein in inflationThe Reserve Bank will lift the cash rate for the tenth consecutive time this week as it tries to bring inflation back to target.
Read more »
Home owners told to prepare for another RBA hike | 7NEWSMillions of households are bracing for more cost of living pain as the Reserve Bank prepares to make a decision on interest rates tomorrow afternoon. Subscri...
Read more »
In the danger zone: RBA’s rate rises tip more borrowers to the edgeThe central bank reckons higher rates are the medicine Australians need to endure to combat systemic inflation, which it says is an economic disease.
Read more »
Interest rate rises to ‘bury’ poor and youngLow income and younger households will bear the brunt of the Reserve Bank of Australia’s expected tenth straight interest rate rise this week, and they will be forced to slash spending as their discretionary income shrinks.
Read more »
Digital $A to slash bond market settlement time to zeroImperium Markets says it will use the RBA digital currency pilot to shift T+2 settlement in the $1.5 trillion bond market to T+0, cutting investing costs.
Read more »