Finance

Market analysts are predicting the Reserve Bank will hike interest rates when they next meet on November 7, just half an hour before the race that stops the nation.

Inflation in Australia has largely beaten expectations, raising fears among borrowers that the RBA will be forced to deliver another interest rate hike.

Michele Bullock has used her first speech as RBA governor to reiterate the bank's approach to the cash rate.

The number of unemployed Australians dropped by 20,000 in a single month - but in three weeks' time we could be feeling the impact.

Australians could be hit by another cash rate hike as soon as a fortnight from now unless inflation eases.

The RBA's latest Financial Stability Review largely painted a picture of unexpected resilience, but the news is ominous for some borrowers.

Crude dropped as low as US$82.24 a barrel, as the price of the commodity went into free fall.

A panel of economists questioned by Finder for its RBA Survey say there is a roughly one-in-three chance that Australia will find itself in a recession in 2024.

The Reserve Bank of Australia (RBA) has kept the nation's interest rates on hold, but experts have warned borrowers not to breathe a sigh of relief yet.

New data from the Australian Bureau of Statistics (ABS) shows strong increases in the cost of housing and fuel contributed to the minor bump, up from 4.9 per cent the month prior.

The bank admitted to the breaches, which took place between May 2016 and September 2021, after being taken to court by ASIC.

Hopes interest rates could soon fall have been dashed as the fight against inflation continues.

Commonwealth Bank business customers could get a rude shock when they go to make deposits from next month.

Former Qantas CEO Alan Joyce earnt $21.4 million in the 2023 financial year, even though some of his bonnuses were withheld.

While digital payments are faster and more convenient, the demise of cash comes with potential pitfalls.

The number of Australians participating in the workforce has hit a record high.

A mother who had $10 million wrongly deposited into her account after a mistake by a cryptocurrency website had initially aspired to bring her children to Australia through sheer hard work.

Shares of Apple fell by 2.9 per cent on Thursday following reports that China plans to expand a ban on the use of iPhones to government-backed agencies and companies.

Australian GDP grew by 0.4 per cent in the June quarter – slightly ahead of market expectations.

A spike in global oil prices and jitters over China's economy saw the currency drop to a 10-month low.

The company recorded a steady $8.97 billion in group revenue but a significant $200.3 million in losses before tax in the 2023 financial year.

The ABS revealed the consumer price index rose by 4.9 per cent over the last year – the lowest the measure has been at since the same figure was recorded in February 2022.

The ruling opens the door to an investment product that investors have been demanding for years.

Michele Bullock says climate change poses a "particularly acute" challenge to the Australian economy.

Salaries in advertised job listings in Australia are rising, but not all industries have it as good as others.

Meet Australia's 10 youngest billionaires. New research from financial services company City Index has revealed our nation's highest earners.

'For people who go to the grocery store and pay $200 for a cart, that's adding insult to injury.'

Californian tech company Nvidia is cashing in on the AI boom and is now the hottest stock on Wall Street.

Lodging a tax return usually comes with the hope there will be a return as in previous years - like 2021 - there was an average return of $2800.

Nine Entertainment Co has posted a net profit after tax and before specific items of $262 million, the second-highest result since the group's relisting in 2013.

The supermarket's bottom line results were bolstered by an increase in customers spending on food.

Profits jumped by 4.8 per cent while its sales revenue increased by 5.9 per cent.

In the space of an hour late on Thursday night, the price of the cryptocurrency dropped by almost $2000, from $43,170.96 at 9:30pm to $41,287.93 at 10:30pm.

Combined the networks of the two airlines cover routes between Australia, Europe, Asia, the Middle East and Africa.

Australia's unemployment rate has increased above expectations as the nation's economy cools, further improving the case for the RBA to keep interest rates steady.

More than 90 per cent of insolvency professionals believe Australia is set to dip into a recession.

Wages growth in Australia has slowed, fuelling hopes that the Reserve Bank will once again keep interest rates on hold in September.

The Commonwealth Bank has posted a record full-year profit of $10.2 billion.

The workspace-sharing company says its ability to stay in operation is contingent upon its ability to improve its liquidity and profitability

A slowing Chinese economy would help push the value of our currency down to record levels, a leading investment analyst warned.

But the Reserve Bank of Australia has foreshadowed further pressure on mortgage holders.

The alcohol excise is not the only price hike Australians face on a regular basis – there's a range of products, services and penalties that regularly get more expensive.

Households across the country saw living costs increase in the June quarter by amounts either higher or equal to the consumer price index.

Pausing rates for a second month running, the central bank said it was closely watching a slowing rate of inflation and an easing of consumer spending.

Inflation may be heading in the right direction but the bank will likely still consider another rise.

The effects of a dozen interest rate hikes since May 2022 are taking hold as Australia enters a period of 'disinflation'.

New data from the Australian Bureau of Statistics (ABS) showed that in June, the number of employed Australians increased by 33,000 people.

The cost of mortgage repayments have hit historical highs, but the RBA is still mulling further rate rises.

While everyone might want an easy answer here about whether rates will rise or fall more under the reformed RBA, the reality isn't quite so simple.

The Finance Sector Union believes two of the other big four banks will soon follow suit.