The Latest Breaking News from Interest Rates

The Reserve Bank governor has defended robust profits made by banks and says higher rates will eventually start eroding their earnings.

Inflation is dangerous, corrosive and hurts people, RBA governor tells Senate estimates

Reserve Bank boss Philip Lowe has revealed he's received a series of "disturbing" letters from families about their financial hardships.

Philip Lowe says it is important in the long term to have "strong" banks that are turning a profit, even though it may be hard to hear for people in the grip of skyrocketing mortgage repayments.

Food such as grapes, citrus, and grain may be shipped to more overseas markets this year due to a drop in global sea freight rates.

Rising interest rates and city folk staying put post-lockdowns reverse real estate demand, new data reveals

When Zimbabwe’s finance minister Mthuli Ncube presented the national budget for 2023 to Parliament in November 2022, he placed high emphasis on a raft of initiatives designed to spur strong economic growth and unleash economic transformation. These included financing of infrastructure projects, education, health, value chains and other public investments.

Major bank believes business conditions and confidence are improving as it sets cash rate prediction higher than other banks

Australians must brace for interest rates to rise at least three more times in 2023 as the RBA fights high inflation.

The latest cash rate hike has mortgage holders worried as consumer confidence plunges to its lowest level since April 2020.

China's rebounding economy is set to have ramifications for Australia — both good and bad — and could exacerbate our cost-of-living issues.