RBA Warns on Inflation After Holding Key Rate at 3.6%

RBA Warns on Inflation After Holding Key Rate at 3.6%

G’day, it’s Karen in Sydney. Here’s everything you need to know this morning… Today’s must-reads:• The RBA held its key rate • Alcoa closing its Kwinana refinery • Home prices post strong gain

AS IT HAPPENED: RBA delivers the news no homeowner wanted

The Reserve Bank has issued its interest rates decision this afternoon, unanimously agreeing to keep the ca...

Reserve Bank live updates: RBA interest rates hold at 3.6pc

WATCH LIVE: RBA’s Bullock speaks at press conference; ASX slips as energy stocks weigh; Sandon lashes Seven Media and Southern Cross merger. Follow live.

RBA holds rates as inflation slowdown stalls and consumer spending picks up

The RBA held interest rates at 3.60%, citing signs inflation may be higher than expected in September.

USD broadly weaker; AUD strengthens

US equities little changed as hopes for a last-minute deal to avoid a government shutdown fade. Oil extends recent decline. Limited movement across bond and currency markets. RBA leaves rates on hold and adopts more hawkish tone

Federal spending is making us poorer

In this article, Saxon Davidson contextualises and disseminates the findings of the IPA’s research into government spending. The response to the pandemic put to bed any doubt over what happens when governments drastically increase spending – a massive burst in inflation occurs, which only makes ordinary Australians poorer. It is no surprise as to why the RBA decided to make no change to the cash rate, given inflation rose by 0.7 per cent in the …