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    Interest rates

    Yesterday

    An RBA tightening bias is called for

    It’s hard not to interpret the governor’s press conference and the board’s statement as at least a mild tightening bias that will keep the cash rate where it is at least until near the end of 2024.

    • The AFR View
    RBA governor Michele Bullock speaks at a news conference after the bank said interest rates would stay on hold.

    ‘We need to be alert and vigilant’: Michele Bullock

    This is an edited and abridged transcript of a press conference held by Reserve Bank of Australia governor Michele Bullock.

    Reserve Bank governor Michele Bullock on Tuesday.

    Traders trim rate rise bets on patient RBA

    The markets are now pricing in just a 15 chance the cash rate will rise again this year after the Reserve Bank stood pat on Tuesday.

    • Updated
    • Cecile Lefort
    RBA governor Michele Bullock fronts a press conference after the bank announced rates would stay on hold.

    Rising government spending is hurting the RBA’s inflation fight

    The Australian economy is still operating at an unsustainably strong level despite a string of weak economic growth figures, due in part to public sector spending.

    • Michael Read
    RBA governor Michele Bullock.

    Why data-driven Bullock has her eye on the budget

    RBA governor Michele Bullock says it’s too early to declare victory over inflation as she avoids the markets’ frenzied guessing game on interest rates.

    • Jennifer Hewett
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    The unemployment data re-enforces why RBA governor Michele Bullock sounds so cautious about the prospect of rate cuts.

    RBA is still betting on Goldilocks. Investors shouldn’t follow suit

    With the ASX 200 back near record levels, investors are betting Michele Bullock is right on a soft landing. But with uncertainty high, a more all-weather approach looks sensible.

    • Updated
    • James Thomson
    Macquarie and CBA are going head-to-head to win deposits from business customers.

    Stressed by rates and thinking about fixing? Try the sleep test first

    Lenders outside the big four are offering some of their best fixed mortgage rates in more than a year, but practice extreme caution, experts say.

    • Updated
    • Lucy Dean
    Buyer demand is expected to stay resilient despite interest rates staying higher for longer.

    Pace of house price growth to cool as risks emerge

    House prices have recouped the interest rate-induced losses in the past two years and are poised to hit record highs this year, but downside risks are gathering pace, according to experts.

    • Nila Sweeney

    The Reserve Bank’s bleak news on housing

    The central bank sees little respite for struggling home buyers and renters for years to come, as demand in the nation’s housing market continues to outstrip supply.

    • Updated
    • Karen Maley

    ‘Vigilant’ RBA puts home loan borrowers on notice

    Governor Michele Bullock has issued a fresh warning to mortgage holders, two years after the Reserve Bank of Australia began raising interest rates.

    • Updated
    • John Kehoe
    The RBA’s latest outlook for the economy means interest rates will need to stay higher for longer.

    Petrol, strong jobs market stoking inflation: RBA

    The central bank on Tuesday upgraded its near-term forecasts for headline inflation and pushed back the likelihood of interest rate relief until mid-2025.

    • Ronald Mizen
    Reserve Bank governor Michele Bullock during her post-meeting press conference in Sydney on Tuesday.

    Reserve Bank on high alert for rate rise

    The RBA is “very alert” to the cost of stubbornly high inflation lingering in the economy, signalling interest rates will need to stay higher for longer.

    • Ronald Mizen
    When the average Australian has to think twice about ordering her $6 daily coffee (which cost $3.34 10 years ago), that’s when we really need to stop and think.

    Reforms rather than rate rises

    Supply side deregulation to drive productivity is the other half of the policy armoury that should be deployed to help curb inflation and keep employment full.

    • The Parrhesian
    Macquarie Group CEO Shemara Wikramanayake’s a hard act to beat.

    The four key themes dominating Macquarie’s talkfest

    Macquarie chief Shemara Wikramanayake is the perfect person to open the biggest investor conference of the year with the last of her issues a sleeper for a lot of us in Australia.

    • Updated
    • Anthony Macdonald
    Ken Moelis says Jay Powell won’t want to be seen to be involved in politics.

    Ken Moelis on Trump, interest rates and Ozempic

    The billionaire investment banker thinks Donald Trump has his nose in front in the US presidential race, and that could have ramifications for interest rates. 

    • James Thomson
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    This Month

    The Reserve Bank is at odds with the rest of the world.

    RBA’s radio silence fuels extreme rate rise bets

    Traders’ bet that the RBA will lift the cash rate is fuelled by the central bank’s lack of communications since March as it undergoes sweeping reporting changes.

    • Cecile Lefort
    Falling house prices quickly dampen the appetite to spend.

    Interest rates are the only tool for managing inflation

    Economists are looking for other ways of braking inflation. But the impact of interest rates on housing costs is still the most reliable means.

    • Luke Hartigan and Stella Huangfu
    UBS’ Richard Schellbach says the main threat to the ASX 200 is a surge in bond yields.

    ASX tipped to hit 8300 by year-end defying rate talk

    Brokers and investors have all turned more positive on the outlook for the sharemarket, despite traders pushing out interest rate cut expectations to early next year.

    • Joanne Tran
    First cab off the rank: The investment property at 5 Pauls Drive, Valley View, was the first to be auctioned and reached a price of $885,000 before they paused and started selling the neighbouring home.

    The complicated $1.8m sale of a ‘gamble’ that didn’t pay off

    A suburban family bought their neighbours’ house to give them a larger block, but when interest rates went up further something had to give.

    • Michael Bleby
    Former Reserve Bank governor Philip Lowe still sees upside risk for rates.

    Philip Lowe warns rates could rise again

    The former RBA governor says with data surprising on the strong side getting back to a 2.5 per cent inflation level sustainably is not yet guaranteed.

    • Patrick Durkin and John Kehoe

    The Australian Financial Review Magazine

    BOSS Financial Review

    An Australian National University study has found that the gender of board appointees does not impact firm financial performance.

    Life & Leisure

    The zippy Abarth 500e Turismo in Venom Black.

    Rich List

    Cettire chief executive Dean Mintz earlier this year. He rarely makes public appearances and did not allow his photo from the Macquarie Australia Conference to be published.