Bullock said the RBA estimated that among owner-occupiers with variable-rate loans around 5% were not making enough money to cover essential spending and scheduled mortgage repayments.

The Reserve Bank of Australia (RBA) is Australia's central bank and derives its functions and powers from the Reserve Bank Act 1959. Its duty is to contribute to the stability of the currency ...

RBA Set to Extend Rate Pause as Housing Crisis Props Up Prices Housing costs are biggest driver of inflation after services RBA’s status as policy outlier is starker after Fed rate cut ...

Louie Douvis The RBA said demand from investors had powered the big growth in private credit providers, which it calls registered financial corporations or RFCs, as they claimed 10 per cent of the ...

WESTCHESTER, Ill., October 07, 2024--RB Global, Inc. (NYSE: RBA) (TSX: RBA) announced today that it will release third-quarter financial results before the market opens on Friday, November 8 ...

which means their income is not enough to cover essential expenses and their minimum mortgage repayments. Low-income borrowers were overrepresented in the group of at-risk borrowers, the RBA said ...

In a statement, the RBA acknowledged inflation had “fallen substantially” but it was still beyond the “midpoint” of the board’s target band of 2 to 3 per cent. The board again indicated ...

Daniel Moss is a Bloomberg Opinion columnist covering Asian economies. Previously, he was executive editor for economics at Bloomberg News. Central bankers strive to be above politics and tend to ...

RBA Governor Michele Bullock says the central bank didn’t consider hiking rates and in the near term does not see interest rate cuts – something the bank has been warning all year. Sectors ...

The Reserve Bank of Australia (RBA) is widely expected to hold the cash rate steady at 4.35 per cent when it announces its interest rate decision at 2:30pm today. Only one major bank is still holding ...

The official cash rate has been on hold at 4.35 per cent since November last year and the Reserve Bank of Australia (RBA) has jacked the rate more than a dozen times since 2022. It's been tough going ...

In a conference speech, Reserve Bank of Australia (RBA) Assistant Governor Brad Jones announced the launch of a three-year digital money work plan for the RBA and Treasury called Project Acacia.