News
Another rate rise tipped after inflation data disappoints
2+ hour, 29+ min ago (697+ words) Home borrowers are facing another interest rate rise in coming months with inflation still soaring. Economists are warning of several rate rises with goods prices soaring. Home borrowers are facing another interest rate rise in May possibly followed by more…...
Party like it’s 999: Govt debt set to surpass $1 trillion
20+ hour, 12+ min ago (801+ words) Australian government debt is set to hit the $1 trillion mark sooner than Treasury forecast. Interest payments on this debt are now expected to surge. Australia's gross government debt is set to sail past $999 billion this week as bond market expectations…...
Pay levels lag behind inflation for first time in two years
1+ week, 2+ hour ago (810+ words) Workers have seen their pay levels go backwards compared with inflation for the first time since late 2023, unless they're a public servant. Labor's election promise to get wages moving again is looking hollow. Australian workers have seen their pay levels…...
Outrage as bank says it’s ‘pleased’ to pass on rate hike
2+ week, 6+ day ago (403+ words) An Australian bank has apologised to customers after it said it was "pleased to announce" the latest RBA interest rate hike. ME Bank has come under fire after accidentally sending customers an email saying it was "pleased to announce" it…...
‘Share prices halving’: Tech stocks suffer rout amid AI rise
3+ week, 1+ hour ago (923+ words) Software stocks have plunged 8 per cent on fears the industry will be disrupted by artificial intelligence. The relentless selling of software companies in 2026 extended into a rout on Wednesday morning when local technology stocks plunged 8 per cent on worries they…...
Interest rates: Critics pile into Reserve Bank governor for ‘wimping out’
3+ week, 1+ day ago (614+ words) Economists lined up to attack the board for being too slow to raise rates, accusing it of protecting mortgage borrowers and the Labor Government." Reserve Bank Governor Michele Bullock sent mixed messages to investors on Tuesday when she insisting the…...
RBA interest rates: Reserve delivers blow to homeowners after three rounds of relief
3+ week, 1+ day ago (1638+ words) RBA RECAP: How has it come to this? Just six months ago all talk was about how many more interest rate cuts we could expect. How quickly things change. After just a year of relief, homeowners have now been whacked....
RBA interest rates: Economist Brendan Rynne warns Federal Government spending is driving Australian rate hikes
3+ week, 1+ day ago (790+ words) The Reserve Bank of Australia wouldn't have to hike interest rates if the Federal Government made a tough decision, a leading economist says. The Reserve Bank of Australia wouldn't have to hike interest rates tomorrow if the Federal Government cut…...
Not Labor’s fault: Treasurer’s defence after inflation shock
4+ week, 34+ min ago (1520+ words) INFLATION: Today's inflation data will decide whether the Reserve Bank of Australia will raise interest rates on February 3. The critical data is extremely significant for the year ahead, and is now set to path the way for a series of…...
Gold tops $US5000 for first time in history
4+ week, 2+ day ago (1178+ words) The gold price topped $US5000 ($7233) for the first time in history on Monday, to extend a year-long rally driven by worries over the shock policymaking of US President Donald Trump. The precious metal, known as a safe-haven asset in times of…...