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Australian banks

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    The Reserve Bank of Australia is widely expected to raise the cash rate to 4.6% at its upcoming board meeting, which would take borrowing costs to their highest level since 2011. The Guardian reports markets and economists are bracing for the hike, with homeowners facing further pressure on mortgage repayments as the bank continues its fight against persistent inflation.

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    RBA expected to raise cash rate to 4.6%●RBA expected to hike cash rate to 4.6%, its highest level since 2011 https://www.theguardian.com/australia-news/2026/sepMmastodonBusinessFinance414 h ago

    The Reserve Bank of Australia is expected to lift the cash rate to 4.6%, which would make it the highest level since 2011. The anticipated hike points to continued efforts to curb inflation, and would add to cost-of-living pressures for Australian households and businesses with mortgages and loans.

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    RBA Governor Michele Bullock says era of low interest rates is over▼RBA Governor Michele Bullock claims days of low interest rates are gone | 9 News Australia▶youtubeBusinessBanking74.1K15 h ago

    Reserve Bank of Australia Governor Michele Bullock has said the days of low interest rates are gone, signalling that Australian borrowers should not expect a return to the ultra-cheap borrowing costs of recent years. The remarks point to the RBA preparing households and businesses for a prolonged period of higher rates as it keeps fighting inflation, a message with major implications for mortgages and the wider economy.

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    Australian banks cut rewards ahead of card surcharge ban●Banks cut rewards programs, free travel insurance amid surcharge ban By Adelaide Miller Sweeping reforms from the ReservMmastodonBusinessPersonal Finance146 min ago

    Australian banks are slashing rewards programs and dropping free travel insurance as sweeping reforms from the Reserve Bank of Australia take effect this week. The reforms, which include a ban on card surcharges, have prompted banks to hike fees and scale back perks ahead of the changes, with customers set to feel the impact on everyday banking.

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    RBA expected to lift cash rate to 4.6%, highest since 2011●RBA expected to hike cash rate to 4.6%, its highest level since 2011✉newsBusinessBanking21 h ago

    The Reserve Bank of Australia is widely expected to raise the cash rate to 4.6%, its highest level in more than a decade, when its board next meets. Such a move would mark another step in the bank's campaign against inflation and would push mortgage repayments higher for many Australian households. Commentators are weighing how much further the bank can tighten without tipping the economy into a downturn.

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    Markets are watching the Reserve Bank of Australia ahead of an expected interest rate decision, with attention focused on whether policymakers will raise or hold rates. At the same time, rising oil prices are adding fresh inflation pressure, complicating the bank's task. Commentators suggest the combination of higher energy costs and domestic price growth could sway the outcome of the meeting.

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    Australian dollar slips near 0.7000 ahead of RBA decision▼Australian Dollar softens to near 0.7000 on hawkish Fed signals, RBA rate decision looms✉newsBusinessBanking13 h ago

    The Australian Dollar has weakened to near the 0.7000 level against the US dollar, pressured by signals that the US Federal Reserve will keep interest rates higher for longer. Traders are now focused on the Reserve Bank of Australia's upcoming rate decision, which could determine whether the currency stabilises or extends its decline. Market watchers see the RBA meeting as the key near-term driver for the Aussie.

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    First home buyers face steep cut to borrowing capacity▼first home buyer borrowing capacity reductionGgoogleAUBusinessReal Estate2K8 h ago

    Australian first home buyers are seeing their borrowing capacity shrink sharply as expectations of another Reserve Bank interest rate rise build. Reports across major outlets say a hike could wipe tens of thousands of dollars off what buyers can borrow — estimates range from $47,000 to $58,000 in reduced buying power, with mortgages facing roughly $5,000 a year in extra repayments. Commentators note the pressure reverses recent house price relief, though some see a silver lining in falling prices for locked-out buyers.

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    Australian shares set to edge higher as oil retreats▼Australian shares to edge higher as oil prices retreat, RBA in focus✉newsBusinessBanking14 h ago

    Australian shares are expected to open slightly higher as oil prices pull back, easing inflationary pressure, while investor attention turns to the Reserve Bank of Australia and its next move on interest rates. Markets are watching whether the central bank signals a pause or further tightening, with energy price movements adding to the uncertainty around the inflation outlook.

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    Investment bank Jefferies has named its top stock pick in Australia's internet sector, according to a note circulated widely across financial news outlets including Investing.com and Yahoo Finance editions in Australia and Canada. The recommendation has drawn attention from investors tracking Australian online and e-commerce companies, though the specific company and the bank's reasoning were not detailed in the available coverage.

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    AUD/USD bears eye 0.7000 as RBA decision looms●AUD/USD Forecast: Bears eye 0.7000 break as RBA decision looms✉newsBusinessBanking11 h ago

    The Australian dollar is trading near the 0.7000 level against the US dollar ahead of the Reserve Bank of Australia's next policy decision. Market commentary suggests bearish momentum is building, with traders watching whether the pair breaks below 0.7000. The RBA meeting is expected to be the key driver of the currency's next move.

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    Australian auction clearance rate falls to 10-week low▼Australian home auction clearance rate hits 10-week low as looming rate hike threatens deeper slowdown✉newsBusinessReal Estate19 h ago

    Australia's home auction clearance rate has dropped to its lowest level in ten weeks, a sign that the country's housing market is cooling. Analysts point to the prospect of another interest rate hike by the Reserve Bank of Australia, which could raise borrowing costs further and deepen the slowdown in property demand and prices.