RBA rate hikes likely to slow as Governor hints at taking foot off the accelerator

Australia’s cash rate hikes could halve from next month, with the RBA Governor today hinting the Board could soon take its foot off the accelerator.

Deafening silence from the banks post-RBA – who will move first?

There is still no word from the big four banks on what they intend to do after Tuesday’s 0.50 percentage point hike from the RBA.

Risky lending drops again, as tougher APRA rules kick in

The value of new mortgages with risky levels of debt has continued to drop, according to new data released by APRA.

Cash rate to rise tomorrow: how many RBA hikes can you avoid by refinancing?

The Reserve Bank is set to fire off another cash rate hike tomorrow, with a 0.50 percentage point increase the most likely outcome.

New home lending tanks in July

The value of new home lending has fallen by $2.62 billion in July – the biggest monthly drop on record in dollar terms.

Another double hike likely on Tuesday: cash rate could hit highest level in almost 8 years

The Reserve Bank is set to hike the cash rate for the fifth month in a row on Tuesday, in another bid to curb inflation.

Westpac the last of the big 4 banks to lift rates post-RBA, with a surprise twist

Westpac has today passed on the RBA’s August 0.50 percentage point hike in full to its variable home loan customers.

Tide is turning for credit card spending

Australians spent almost $25 billion on credit card purchases in June, despite rising cost of living pressures. However, the tide appears to be turning.

NAB hikes variable mortgages and main savings accounts

Australia’s third largest lender, NAB, has announced it is passing on the full RBA hike to variable mortgages and its main savings accounts.

Westpac hikes variable mortgages and all key savings accounts

Westpac has today announced it will hike variable rate mortgages by 0.50 percentage points for new and existing customers.