News | Latest Breaking News Stories & Headlines

Australia reverses course with interest rate hike

Australia's central bank was forced to reverse course and raise interest rates today as it struggles to bring inflation under control in a supply-constrained economy, leaving markets wagering further hikes would be needed this year.

Business • 23 hrs

Australia's inflation rate slows in November

Australian consumer prices rose by less than forecast in November, data showed today, but core inflation showed enough stickiness that investors still saw a risk interest rates would have to be hiked as early as next month.

Business • 07 Jan

Australia's Q2 GDP growth quickens to two year high

Australia's economy grew at the fastest annual pace in almost two years in the second quarter as consumers finally started spending after multiple rate cuts, taking over from the government as the main driver of growth.

Business • 03 Sep 25

Australia pauses rate hikes amid 'uncertain' outlook

The Reserve Bank of Australia left its key interest rate unchanged today, with governor Philip Lowe saying that while inflation had "passed its peak" the economic outlook remained uncertain.

Business • 04 Jul 23

The Reserve Bank of Australia kept its cash rate at 0.1%, but noted inflation had picked up and was likely to rise further

Australia's central bank raises prospect of rate hike

Australia's central bank has today opened the door to the first interest rate increase in more than a decade as it dropped a previous pledge to be "patient" on policy, a major surprise that sent the local dollar to nine-month highs.

Business • 05 Apr 22

The Reserve Bank of Australia held the cash rate at 0.1% today

Australia's central bank tapers QE campaign

Australia's central bank held the cash rate at 0.1% today and reiterated the need for the setting to remain unchanged until 2024 to help spark wage and inflation pressures, though it will pare its bond buying campaign.

Business • 06 Jul 21

The Reserve Bank of Australia cut the cash rate from 0.25% to 0.1% today

Australia cuts interest rates to historic lows

Australia's central bank has today cut interest rates to historic lows and ramped up its huge bond-buying programme in a push to help revive the country's pandemic-hit economy as it emerges from lockdowns.

Business • 03 Nov 20

Australian interest rates