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News
Reserve lifts official interest rates to six-year high
The Reserve Bank has lifted the official cash rate by 50 basis points to 1.85 per cent – its highest level in over six years.
News
The Reserve Bank has lifted the official cash rate by 50 basis points to 1.85 per cent – its highest level in over six years.
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Business
There are three major events on tomorrow – the Melbourne Cup, the RBA’ monthly board meeting and the US election. But the result of only one seems clear as it can be at this stage.
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The trade war between the United States and China poses the single greatest threat to the global economy, the Reserve Bank governor has warned.
The Reserve Bank believes the number of home owners behind on their mortgages could keep climbing for some time, although not to levels that might threaten Australia’s financial stability.
The banks haven’t done themselves any favours, stirring a political hornets’ nest after failing to pass on the latest official 0.25 per cent interest rate cut in full.
The Reserve Bank has cut its key interest rate to a fresh record low of 1.50 per cent.
