Cup Day rate cut in doubt as RBA nears final straight
The odds are lengthening on an interest rate cut on Melbourne Cup Day, as the Reserve Bank adopts a hawkish tone and inflation steps up the pace.
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The odds are lengthening on an interest rate cut on Melbourne Cup Day, as the Reserve Bank adopts a hawkish tone and inflation steps up the pace.
Hopes for more rate cuts are fading after the RBA took a hawkish turn as it held interest rates steady in a widely-expected move.
Borrowers have been denied surprise mortgage relief by the Reserve Bank, which left rates on hold after hotter-than-expected inflation figures.
Mortgage holders are unlikely to get a leg up from the Reserve Bank this week, with markets and analysts predicting the cash rate to remain on hold.
Economists remain confident that the latest CPI data points towards a November cash rate cut.
Businesses on the Housing 100 builders list together delivered a combined 64,407 homes in 2024/25, up 11 per cent from last year’s 58,011.
Central banks such as the RBA need to be wary of the risks of inflation kicking off again, which could trigger market sell-offs, a global economic body warns.
RBA boss Michele Bullock grilled by federal MPs on the timing of interest rate decisions ahead of key economic data releases.
About 5400 jobs dropped out of Australia's economy in August, wrongfooting forecasters who had expected stronger growth in employment.
The prime minister describes a climate risk report as a wake-up call, as one coalition frontbencher threatens to quit or be dumped over greenhouse gas targets.