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Almost a quarter of households say interest rate rises are having a ‘very negative’ impact, as the RBA considers a 13th rate rise this cycleGet our morning and afternoon news emails, free app or daily news podcastMore than half of Australians say they …
Higher interest rates and move away from cash isas means hundreds of thousands more people may be hitHigher interest rates look set to land hundreds of thousands more people with an unwelcome tax bill for their savings, a financial advice firm warned t…
Interest rates left unchanged at 5.25% as Bank signals 50-50 chance of recession by mid-2024Bank warns of recession risk in election run-upBusiness live – latest updatesUK politics live – latest updatesThe Bank of England has warned the economy will be…
Fund recommends further monetary tightening by RBA to ensure Australia’s price rises return to target range by 2025Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe Intern…
Economists say limited sales volumes and rising populations have more than made up for the dampening effect of higher interest ratesGet our morning and afternoon news emails, free app or daily news podcastAustralia’s property prices have soared to reco…
Remortgaging at lowest level since January 1999 as borrowers face higher repaymentsUK mortgage approvals slumped in September amid mounting signs of stress in the property market, according to official figures before the Bank of England’s next decision…
Bank criticised by MPs for being too slow to reward savers as it announces 15% rise in net interest income and $3bn share buybackHigher interest rates helped HSBC to more than double its profits and hand over $3bn (£2.5bn) to shareholders, as MPs criti…
Britain’s biggest mortgage lender forecasts 5% drop over this year and another 2.4% decline in 2024UK house prices will continue to slide this year and in 2024 and will not start to recover until 2025, Lloyds Banking Group has forecast.The lender, whic…
Strong quarterly inflation figures sends market scrambling as odds on for interest rate hike at Reserve Bank’s Melbourne Cup Day meetingGet our morning and afternoon news emails, free app or daily news podcastThe Albanese government looks set for a dis…
ONS decision to switch to ‘experimental’ unemployment figures comes as interest rate decision looms next weekUK unemployment rises to 4.2%, according to official dataBusiness live – latest updatesThe general rule of thumb that all economic data should …