RBA lifts interest rates to 1.85 per cent
The central bank has now raised the cash rate by 1.75 percentage points in four months, adding $770 a month to repayments on an $800,000 mortgage.
Source: theage.com.au
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RBA interest rate rise: Commonwealth Bank ANZ Westpac NAB make predict more pain
Three of Australia's big four banks - ANZ, Commonwealth Bank and NAB - are expecting rate rises to continue until November while Westpac sees rate rises continuing until February.
Source: dailymail.co.uk
Inflation Australia: Horror graph predicts cost of living will be even WORSE
The big banks are expecting official consumer price index data for the June quarter, due out on Wednesday, to show headline inflation soaring at the steepest level in 32 years.
Source: dailymail.co.uk
FIVE at FIVE AU: Central banker eats his own as consumer confidence figures bring a false dawn
The ASX was pulled higher by miners and energy stocks today. Buy now pay later stocks also rebounded and Myer surged, with the retailer announcing its best...
Source: proactiveinvestors.com.au
Before the Bell
Australian shares are expected to open lower after Wall Street sold off amid a slide in big tech stocks and as the focus moves to the Federal Reserve this week.
Source: afr.com