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Search results for: "interest rates". 4 articles found.

We never would have bought': Australian mortgage holders feel the pain as interest rates rise again

The Guardian - 3 hours 7 min ago
The RBA's widely anticipated decision marks the end of the shortest rate-cutting cycle in the reserve's modern history, hitting mortgagees hard Get our breaking news email , free app or daily news podcast As the RBA lifted the official interest rate on Tuesday, one regional New South Wales couple said the dream of building a home has turned into a financial "hustle" they no longer want to maintain. After the pair, 25 and 26, settled on land in September 2022, rising rates and cost...
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President Trump just missed a key legal deadline for his spending plans stoking economists' fears over the $38.5 trillion national debt

Fortune - 5 hours 5 min ago
"We won't be able to fix the debt without touching Social Security, Medicare, defense, or revenue the math just doesn't work. And we can't count on heroic growth rates or crashing interest rates," Maya MacGuineas, president of the Committee for a Responsible Federal Budget (CRFB) said.
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RBA interest rates decision: Reserve Bank increases cash rate to 3.85% in blow to mortgage holders

The Guardian - 13 hours 17 min ago
Shortest rate-cutting cycle in the RBA's modern history ends after unexpected jump in inflation Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The Reserve Bank has hiked rates for the first time in over two years, with mortgage holders to bear the brunt of dealing with an unexpected jump in inflation through the second half of 2025. The RBA monetary policy board announced on Tuesday at the end of its two-day meeting that the...
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Australia politics live: Labor unveils discount loans for new EVs; Liberals and Nationals to sit separately as parliament returns

The Guardian - 20 hours 14 min ago
Reserve Bank due to announce decision on interest rates this afternoon. Follow today's news live Get our breaking news email , free app or daily news podcast Liberals need divine intervention' as MPs attend church service Liberal politicians have joked they need "divine intervention" at a church service before parliament resumes today. We know that inflation's higher than we would like. People are under more pressure than anybody wants. And that's why the responsibility that...
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