Yesterday
‘Assertive’ and ‘transparent’: Economists applaud Bullock’s speech
Economists witnessed Reserve Bank governor Michele Bullock’s inflation fighting credentials first-hand on Tuesday night in her maiden speech in the top job.
- Joanne Tran
- Opinion
- Inflation
Inflation boosts chances of Cup Day interest rate rise
The jump in underlying inflation will be extremely hard for Michele Bullock to ignore as she tries to shore up the RBA’s credibility.
- John Kehoe
This Month
- Opinion
- Opinion
The next RBA rate move will be down, says Westpac
The next move in interest rates will be down, says the bank’s economics team, which is now led by a highly regarded former Reserve Bank assistant governor.
- Karen Maley
‘Inflation is still too high’: Federal Reserve chairman
Jerome Powell said the “resilience” of both economic growth and the labour market “could warrant further tightening of monetary policy”.
- Updated
- Matthew Cranston
- Opinion
- Bonds
Powell says three factors are behind the bond yield spike
US Federal Reserve chief Jerome Powell explains why longer-term bond yields are rising, including views of a resilient economy and fiscal deficit concerns.
- Matthew Cranston
- Opinion
- Opinion
Time to drop the dead doctrine of NAIRU
The new RBA leadership has a chance to use intuition rather than prescription to manage inflation.
- Craig Emerson
$A plunge boosts foreign equity position, RBA finds
The banks hedge their currency risk so extensively that Australia’s improved ledger has little real benefit to them.
- Updated
- Jonathan Shapiro
Hot US inflation hits $A, lifting chance of RBA rate rise
The Aussie is trading near an 11-month low after US consumer prices rose more than expected overnight, strengthening the case of high rates for longer.
- Cecile Lefort
Bond market wrong to call for rate cuts: Macfarlane
The former RBA governor says he’s firmly in the higher for longer camp on interest rates even though the state of the Australian economy is puzzling.
- Jonathan Shapiro
Stocks to suffer in new regime of higher bond yields
Citi’s macro strategist Jim McCormick says markets have changed forever, and while it will be dramatic, it won’t all be bad.
- Jonathan Shapiro
Record-beating mortgage pain set to get worse: RBA
The record share of income spent on mortgages is set to increase even further, leading borrowers to dip into their savings to cope with the cost of living.
- Michael Read and Jonathan Shapiro
Treasuries’ best day since March driven by signs Fed may be done
Investors are starting to bet that the worst ever rout in the US bond market might be coming to an end.
- Ruth Carson and Garfield Reynolds
Investors brace for oil price spike
Investors are braced for a possible oil price spike from Israel’s war with Hamas; Israel’s stock index fell 4.9 per cent, its biggest loss in more than three years; the ASX is poised to rise 0.8 per cent.
- Joanne Tran and Ronald Mizen
- Opinion
- Interest rates
How much more pain can borrowers take before they break?
The resilience of household borrowers in the face of surging interest rates has surprised Reserve Bank researchers. But things could get uglier from here.
- Jonathan Shapiro
- Opinion
- Chanticleer
RBA exposes magic number for housing, banks
Households are holding up reasonably well under the strain of higher interest rates. But a rise in unemployment would cause real pain.
- James Thomson
- Analysis
- Interest rates
The RBA is betting against the world on interest rates
By lifting interest rates less aggressively than other central banks and pausing the cash rate at 4.1 per cent, the RBA is “playing with fire” on inflation.
- John Kehoe
- Updated
- Interest rates
Big squeeze no bar to another RBA rate rise
The Reserve Bank could still lift rates even after finding rapidly rising mortgage repayments had starved some borrowers of the ability to pay expenses such as health insurance and school fees.
- Updated
- Jonathan Shapiro and Michael Read
- Opinion
- Opinion
Why Bullock’s first move is standing still
Michele Bullock did the expected by keeping rates on hold, but there’s nervous uncertainty about what the next move will be.
- Jennifer Hewett
- Opinion
- Interest rates
Steady Bullock pauses for now, but November could be crunch time
New governor Michele Bullock didn’t jump at August’s higher inflation, but she will likely not hesitate to impose “some further tightening” if the next print climbs higher.
- John Kehoe
Bond yields hit decade highs on tough rate talk
Hawkish rhetoric from the US Fed pushed the Australian 10-year bond yield to its highest since 2011 before it eased back on the RBA’s latest rate decision.
- Joshua Peach
