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The Latest Breaking News from RBA

Afternoon Update: Rudd appointed envoy to the US; neo-Nazi Thomas Sewell faces jail time; and last-minute Christmas gift guide

Former PM Kevin Rudd’s appointment to ambassador could become awkward if Trump returns to power

The Guardian - AU

Reserve Bank warns of more interest rate rises and ‘large increases in rents’ amid inflation crisis

RBA’s final meeting minutes reveal concerns about higher spending over summer holidays without Covid restrictions

The Guardian - AU

Union fury over Labor decision to split aged care pay rises – as it happened

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The Guardian - AU

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All options on the table in 2023: RBA

The Reserve Bank of Australia has been careful not to lock itself into a set pathway for cash rate decisions in 2023.

AAP

Insights shed light on rate hike picture

Insights into the Reserve Bank's latest decision to hike rates will likely be scrutinised as economists attempt to gauge the timing of further rises in 2023.

AAP

Forced home sales set to rise as borrowers struggle with surging interest rates and mortgage repayments

Australian home owners are spending more of their income on mortgage repayments, and the pain is only set to worsen. Experts say some could be forced to sell.

ABC News

Experts reveal their top 100 suburbs tipped to best weather the property downturn

With interest rates rising and property prices falling, it's becoming harder to access housing finance, but analysts say some suburbs still have bright prospects next year.

ABC News

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Australia’s unemployment rate remains at 3.4% in November as 64,000 new jobs added

National jobless rate remains at near 50-year low as rebounding economy faces labor shortages from lack of migration

The Guardian - AU

Alan Kohler: Three broken promises define 2022

Thanks to our unaffordable housing, Philip Lowe might not end up with a recession on his conscious, only the legacy of broken promises.

The New Daily

Give yourself the gift of a higher savings rate this Christmas

Millions of Australian home owners are being squeezed but that also means that the savings rate being offered by banks is going up.

The New Daily

RBA boss to stay on if reappointed

Reserve Bank of Australia governor Philip Lowe says he has no plans to resign when his term is up next September.

AAP

Government takes aim at high payment fees

The federal government and the central bank want to foster competition in payment technologies to help drive down the cost of transactions.

AAP

Experts want stage three tax cuts revised

More than 100 economists and tax experts have signed an open letter urging Prime Minister Anthony Albanese to reconsider the stage three tax cuts.

AAP

Property prices: The best, worst and most affordable suburbs heading into 2023

Australia’s housing market downturn has slowed in the run up to Christmas, but experts are divided about whether property prices will fall.

The New Daily

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AAP

Best home auction weekend since late May

The number of homes going under the hammer this weekend is up seven per cent and could prove a test of buyers' appetite for risk after this week's rate rise.

Newcastle Herald

CoreLogic report reveals region's rate rise sticker shock

Homeowners in Newcastle and Lake Macquarie could see their mortgage repayments increase by $1,192 a month when it comes time to refinance in 2023.

The Guardian - AU

Reserve Bank review ‘will be relevant’ to Philip Lowe’s chances of a second term, Chalmers says

Treasurer says it is not a ‘performance review’ but will ‘feed into our thinking’ about RBA leadership

AAP

Decision on RBA's top job due next year

The treasurer will consider the best possible leadership structure for the central bank when weighing up the reappointment of governor Philip Lowe next year.

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AAP

RBA maintains 'open mind' on digital money

Australians value hard cash and have easy access to it, but digital money could be a back-up during cyber events and when extreme weather hits banking systems.

AAP

Long-term job seekers still missing out

The jobs market might be tight but with a shrinking pool of entry-level vacancies, the long-term unemployed are still struggling to find work.

The Guardian - AU

The RBA keeps slamming on the brakes, but the economy has already very much slowed down

GDP figures show wages and not just profits are starting to generate growth. Still, disposable income is going backwards

The New Daily

‘Mighty’ shoppers drive the economy as millions splurge before Christmas

The strength of consumers spending right now has many economists scratching their heads ahead of Christmas but a "reckoning" looms.

The Guardian - AU

The RBA has raised interest rates again. What does this mean for the economy in 2023?

Economists respond to the decision by the Reserve Bank to raise interest rates by 25 basis points to the highest level since the end of 2012

The New Daily

Watch: Uber fined, US boost troop rotations to Australia, Mortgage misery

Watch: Uber has been fined $21 million for misleading customers. John Barilaro's assault case returns to court. Australia and US agree to deepen their

The Guardian - AU

Chinese ambassador hails ‘very successful’ meeting – as it happened

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