The RBA says mortages in arrears are at their highest since 2010, but below levels seen in the early 1990s recession. Photo: supplied

News

Number of mortgages behind on payments highest since 2010: RBA

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.

News

Banks stir political hornets' nest

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.

News

RBA cuts interest rate to record low

The Reserve Bank has cut its key interest rate to a fresh record low of 1.50 per cent.

Business

Rate cut an option as RBA keeps close eye on data

The Reserve Bank says it could cut the cash rate further if needed, but that the current setting is right for the time being.

Business

Interest rates on hold for 10th straight month

Interest rates have been kept on hold at 2 per cent for the 10th consecutive month as the Reserve Bank of Australia noted continued economic growth with inflation moving close to target.