Australia news live: two missing in NSW floodwaters; consumer confidence sinks as RBA ponders rates rise
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Source: theguardian.com
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NAB becomes first bank to pass on Reserve Bank's November rate increase of 0.25 percentage points
NAB declared it would pass on the latest 0.25 percentage point increase on November 11 - less than two hours after the Reserve Bank raised rates for the seventh straight month.
Source: dailymail.co.uk
Inflation expectations reach highest level in over a decade
The surprise jump in inflation seen in Q3 has impacted household inflation expectations. Household inflation expectations, as measured by ANZ and Roy Morgan’s weekly consumer confidence survey, hav
Source: investordaily.com.au
How much your mortgage rate will go up on November 1 with every bank expecting interest rate hike
Borrowers have already been forced to contend with six consecutive monthly interest rate rises since May, with a seventh straight increase in November regarded as a near certainty.
Source: dailymail.co.uk
Budget 2022: CBA calls for Reserve Bank change as inflation edges higher
Inflation will peak above 8 per cent this year, higher than forecast in this week’s federal budget, according to ANZ, as the RBA faces criticism from Australia’s biggest bank.
Source: afr.com