All posts by Isaac Gross
Why the Reserve Bank’s record loss of $37 billion was actually good for Australia
This article is republished from The Conversation under a Creative Commons license. Read the original article here. The Reserve Bank has just reported a loss of A$37 billion, the biggest in its history, and it says it will be unable to pay the government dividends for some time. The announcement followed a review of its…
Rates rise to 1.35% – and there’s no stopping now the RBA’s on a mission to whip inflation
This article is republished from The Conversation under a Creative Commons license. Read the original article here. There was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much. Would it be a “regular” increase of 25 basis points? Or…
Clive Palmer’s promise to cap mortgage rates at 3% would make it much harder to get a home loan
This article is republished from The Conversation under a Creative Commons license. Read the original article here. Clive Palmer’s United Australia Party continues to make waves in the federal election campaign, most recently with advertisements on massive billboards pledging a “maximum 3% interest rate on all home loans for five years”. But does this promise…
RBA Governor Philip Lowe is hiking interest rates. Worst case, it’ll mean an extra $600 per month on a $500,000 mortgage
This article is republished from The Conversation under a Creative Commons license. Read the original article here. Reserve Bank Governor Philip Lowe has announced he will lift the cash rate for the first time in a decade, by 0.25 percentage points, taking it from 0.10% to 0.35%. Most market economists thought the bank would raise…
The RBA has lost some patience on rates, but it isn’t rushing to push them up: here’s why
This article is republished from The Conversation under a Creative Commons license. Read the original article here. It is coming up to 18 months since Australia’s Reserve Bank last cut its cash rate. And what it did then was merely a further cut, from an unprecedented low of 0.25% to a fresh unprecedented low of…
how RBA Governor Lowe sees the year ahead
This article is republished from The Conversation under a Creative Commons license. Read the original article here. Reserve Bank Governor Philip Lowe has painted an optimistic view of where the Australian economy is heading after a turbulent 2021. Just how crazy last year was is highlighted by the differences between the bank’s forecasts at the…