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The Latest Breaking News from Philip Lowe

The head of the Reserve Bank of Australia is facing questions about rapid interest rate rises putting pressure on mortgage holders around the country.

AAP

Australian jobless rate lifts to 3.5pct

The jobless rate grew to 3.5 per cent in August, lifting from the record low 3.4 per cent figure in July.

AAP

Opposition warns against RBA distractions

The federal opposition wants to see the Reserve Bank of Australia stick to its strengths and remain focused on containing inflation.

AAP

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Details revealed: RBA review to probe interest rate settings and government’s role

The RBA review will investigate how governments can work with the central bank to manage fallout of soaring inflation rising interest rates.

The New Daily

Philip Lowe admits the RBA erred on its rate rise timing – but there were messaging misfires too

Could Australia’s reserve bank have done a much better job of controlling inflationary expectations?

The Guardian - AU

RBA boss Philip Lowe flags slower rate hikes, rebukes critics calling for his resignation

Reserve Bank governor Philip Lowe has foreshadowed slower mortgage bill hikes later this year as the bank grapples with massive uncertainties about the outlook for soaring inflation and the economy.

The New Daily

RBA governor warns at least two more interest rate rises needed to combat ‘scourge’ of inflation

Philip Lowe admits ‘the magnitude of the pickup in inflation has come as a surprise to everyone’

The Guardian - AU

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RBA governor alludes to slower rate hikes

More rate hikes are in store and the case for a slower pace of tightening grows stronger, the Reserve Bank of Australia's governor says.

AAP

Philip Lowe says the Reserve Bank will do 'what is necessary' to combat 'scourge' of high inflation

The Reserve Bank governor says he remains "committed to doing what is necessary" to prevent the "scourge" of high inflation, but offers hints that the pace of rate rises might soon slow.

ABC News

Big rate hikes could be over: RBA boss

There is a good chance Australians have seen the last super-sized rate hike for a while, according to a speech by the central bank governor.

AAP

Latest interest rate rise hits borrowers and further damages Reserve Bank's reputation

RBA delivers more pain to borrowers

Newcastle Herald

RBA raises rates for a record fifth month, but many are yet to feel mortgage pain

Households will be hit with another hike in their mortgage bills after the RBA increased interest rate for a record fifth month in a row.

The New Daily

Newcastle homeowners feel the pinch after latest rate rise

The official interest rate jumped 0.5 per cent bringing it to 2.35 per cent and at a seven-year high on Tuesday.

Newcastle Herald

Australia central bank lifts cash rate to 2.35% in 5th hike

Australia’s central bank has boosted its benchmark interest rate for a fifth consecutive month to a seven-year high of 2.35%

The Independent UK

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The Guardian - AU

RBA interest rates: Reserve Bank raises official rate to 2.35% amid inflation fears

The RBA decision brings the cash rate to the highest level since 2015, with mortgage holders set to face higher repayments

The New Daily

Reserve Bank hikes interest rates to seven-year high

The Reserve Bank has lifted the official cash rate by another 0.5 basis points, to take official rates to a seven-year high.

The Guardian - AU

Former Reserve Bank economist suggests Greens push for interest rate freeze is nonsensical

Greens senator Nick McKim says homeowners took on massive debt believing rates wouldn’t rise before 2024 and are now getting ‘smashed’

The New Daily

Where do the RBA and economists now stand on wages growth?

Decision makers are torn between wanting to lift wages for fairness and consumption, and wanting to keep wages down to control inflation.

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The New Daily

Alan Kohler: The hubris of central bankers and the limits of money

Once again central banks, including Philip Lowe’s Reserve Bank, have kept extreme monetary policies in place for too long

The New Daily

‘Greater insight’: ABS unveils monthly inflation reports as cost-of-living crisis bites

Households and the Reserve Bank will get a much closer look into when soaring inflation peaks later this year with monthly price reports coming.

The Guardian - AU

The Reserve Bank has to navigate a path away from inflation but the economic signals are months old

While backward-looking labour market data is still robust, property prices provide a taste of the deteriorating outlook

The New Daily

Mortgage bills to jump $140 in August as inflation worsens

Home owners will be slapped with another painful mortgage squeeze in August after the Reserve Bank hiked interest rates to a six-year high on Tuesday.

The Independent UK

Australian central bank hikes rate to 6-year high 1.85%

Australia’s central bank has boosted its benchmark interest rate for a fourth consecutive month to a six-year high of 1.85%

The New Daily

Families to feel ‘sting’ of RBA rate hike: Chalmers

Treasurer Jim Chalmers says today is “another difficult day for Australian home owners” after the RBA lifted official interest rates to a six-year high.

The New Daily

Reserve Bank hikes official interest rates to six-year high

The Reserve Bank has lifted the cash rate by another half a percentage point as it seeks to rein in rising inflation. It's the fourth rate hike since May.

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