News
RBA raises interest rates for third straight meeting
4+ hour, 30+ min ago (320+ words) The Reserve Bank has lifted interest rates for a third straight meeting amid fears the Middle East oil crisis could make inflation worse before it gets better. The central bank\u2019s monetary policy board voted in a split 8-1 decision to raise…...
Close call tipped as Reserve Bank mulls third rate hike
2+ day, 5+ hour ago (609+ words) A repeat of the Reserve Bank board\u2019s split decision to raise interest rates in March could be on the cards as the central bank frets over the dual threats of high inflation and a stalling economy. Financial markets and most…...
Who doesn't love Aldi? It's just been named Australia's best supermarket again
2+ day, 8+ hour ago (506+ words) It might not have the endless aisles or flashy displays of its competitors, but there\u2019s something about ALDI that keeps Australians coming back. Now, the budget-friendly retailer has once again taken out top honours, being named Supermarket of the Year…...
Reverse mortgage rates fall again: What it means for retirees " and how the numbers really work
3+ week, 6+ day ago (454+ words) Here's where reverse mortgages differ. In a cost-of-living crunch, any financial relief is welcome \u2013 and for older Australians sitting on valuable homes but limited cash flow, a quiet shift is underway. Heartland Bank has cut its reverse mortgage interest rate…...
Rates raised again as oil spike fuels inflation fears
1+ mon, 2+ week ago (575+ words) The Reserve Bank of Australia has hiked interest rates for the second consecutive month as war in the Middle East compounds inflation concerns. In a split five-four decision on Tuesday, the tightest since the central bank started publishing vote tallies,…...
Public spending rebound lifts economic growth forecasts
2+ mon, 1+ day ago (537+ words) Increased federal government spending is set to drive Australia's economic growth to its highest level in almost a decade, outside of the pandemic. Sharp growth in defence investment and spending by federal public corporations contributed to a 0. 9 per cent rise…...
Rate rise pain all but certain after inflation shock
3+ mon, 1+ week ago (616+ words) All four big banks are warning borrowers to brace for an interest rate hike after core inflation jumped above the Reserve Bank's forecasts. Economists at Westpac and ANZ on Wednesday dropped their calls for the RBA to stay on hold…...
Self-interest widening wealth gap between old and young
4+ mon, 1+ week ago (522+ words) Is the wealth gap between old and young Australians becoming a gulf? Former federal Treasury secretary Ken Henry has declared young workers are being "robbed" by the tax system, while ex-Victorian treasurer Tim Pallas calls the intergenerational wealth gap a…...
How much money can you save by going generic at the supermarket?
7+ mon, 3+ day ago (458+ words) Everywhere we turn these days, the cost-of-living crisis looms large, but nowhere is it more obvious than at the supermarket checkout. With grocery bills climbing, finding ways to trim the weekly shop has never been more important. Even a few…...
Older Aussies reject price hikes under RBA's card surcharge reforms
6+ mon, 4+ week ago (513+ words) It seems that everywhere you look these days, prices are going up and up. Now, Australians could soon be even more out of pocket, with whispers that businesses may raise prices following the RBA's plans to ban customer surcharges on…...