The Latest Breaking News from Reserve Bank of Australia

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

The cash rate is now the highest it has been in a decade.

The latest rate hike by the Reserve Bank of Australia means mortgage borrowers have been pushed to the limits — and beyond — of their "stress test" buffer.

Mortgage holders are bracing for higher repayments in the wake of another 25 basis point rate hike by the Reserve Bank of Australia.

Editorial: Interest rates the hammer and the nail

The value of owner-occupier housing loans fell 9.3 per cent in September, with total new loan commitments for housing down 8.2 per cent.

Reserve Bank of Australia Governor Philip Lowe has underlined his case for raising interest rates, warning that not doing so could have dire consequences.

Home prices have been dropping over the past six months as the Reserve Bank of Australia has raised interest rates from a record low in May to curb red-hot inflation. And with interest rates set to keep rising, more falls are expected.

The Reserve Bank of Australia predicts house prices could fall by 20% by the end of 2024, which would be the biggest drop since the 1980s.