Businessman Mark Bouris has called out the Reserve Bank for failing to take into account the effect its cash rate decision will have on millions of Australians.
Treasurer Jim Chalmers has snubbed King Charles III as the Reserve Bank considers whether the new monarch should take his late-mother’s spot on the $5 Australian note.
The Reserve Bank s 0.25 percentage point rate rise on Tuesday was much smaller than financial markets were expecting. But ANZ says it means more rate hikes in 2023 with inflation still high.
The Commonwealth Bank and Westpac have both hiked their fixed-mortgage rates for the second time in just weeks. More pain for borrowers means house prices could start falling after a big surge.