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Australia’s annual inflation rate in January eased, implying the worst of the price increases may be over.
INFLATION
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Mortgage holders likely to feel immediate pain but RBA indicates further increases to come in attempt to bring inflation under control.
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Inflation rose 7.8 per cent annually in the December quarter as upwards price pressures on goods and services remain strong.
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Skyrocketing prices have hit Australians hard this year but there are fresh fears that relief isn’t coming and people will be hit hard.
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The world bank has warned the Reserve Bank of Australia must continue to “raise interest rates” to rebalance domestic demand and keep inflation anchored.
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Workers are seeing wages grow at the fastest pace in almost a decade but face further pain with predictions of higher interest rates.
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Minutes of November Reserve Bank of Australia meeting say board is ‘prepared to keep rates unchanged’ while it assesses state of economy and inflation.
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Reserve Bank governor Philip Lowe fears Australians could find themselves lost in one of Dante’s circles of hell - the one named inflation.
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The hits keep coming for Australian mortgage holders, with the Reserve Bank of Australia’s latest hike hitting homeowners harder than ever.
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The Reserve Bank of Australia has hiked interest rates for a seventh consecutive month, warning that it now expects inflation to peak at a far higher-than-expec…
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The RBA has raised its cash rate 25 basis points to 2.6 per cent.
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Investors and the Reserve Bank are facing tough tests this week after the giant New York Stock Exchange officially became a bear market.
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