Despite denials, there are signs the RBA does consider house prices in setting rates

Despite denials, there are signs the RBA does consider house prices in setting rates

As households are squeezed by the cost-of-living crisis, central bank governors such as Jerome Powell in the United States and Michele Bullock in Australia are coming under repeated fire from politicians, pundits and households. Before each interest rate decision, there is debate about what the Reserve Bank of Australia (RBA) should do and predictions as to what it will do. Afterwards, the gap between these generates heated commentary. This is u…

RBA to Deliver Back-to-Back Hikes as Iran War Refuels Inflation

(Bloomberg) — When Australia’s central bank convenes this week for its second interest-rate decision of the year, the board will find its current inflation problem further exacerbated by an energy price shockwave rippling out from a Middle East driven by war.

Rising oil price and inflation fears make rate hike likely

A war in Iran has led to a cost-of-living spike in Australia and as petrol prices rise, interest rates are likely to be next.

The case for rapid-fire interest rate hikes is hardly watertight

Even though markets and the country’s biggest banks expect back-to-back rate rises, there are good reasons for the RBA to hold fire this week.