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There is always a blame game when it comes to interest rates, and now to RBA is pointing the finger … I’ve been saying for a while that Australians don’t deserve another interest rate hike to fight inflation because we are doing the right thing by reigning in inflation. Cost increases are mostly coming from… Read more »
Protect your wealth from the blow of another rate rise with these simple tips to decrease your mortgage and pay it off quicker. How would another rate hike impact your household budget? A single 0.25 per cent increase could add around $123 to monthly repayments on a $750,000 mortgage. That could be $1,400 more over the… Read more »
Everyone is watching interest rates, but could we be on the brink of an employment crisis? How will THIS impact inflation? The ‘two sided risk’ explained. History tells us that the last economic indicator to shift in a downturn is employment. My fear is that we are at that tipping point now. And history tells… Read more »
The power of interest rises on average Australian families is so much more devastating than it is in other countries. When our rates go up there is an immediate flow through to household budgets because the vast majority of home loans are variable. When official rates go up it immediately flows through to loans and… Read more »
A tumultuous week for finance nerds like me who for years have excitedly marked the first Tuesday of the month in our calendars as “Reserve Bank Board Meeting Day”. This week was the last RBA board meeting on the first Tuesday of the month… the next one will be Tuesday March 19 as the RBA… Read more »
Interest rates may be on hold after this week’s RBA board meeting but thousands of homeowners are still paying more for their home loan because they have fallen onto so-called “back-book” rates. Back-book rates are where existing loyal customers are being charged a higher interest rate than new “front-book” customers. That difference is as much… Read more »
For weeks I’ve been pointing toward Wednesday’s December quarter Consumer Price Index (CPI) announcement as being crucial to setting the tone for interest rates this year. Well, the result was really encouraging and basically signalled the top of this interest rate cycle. The headline CPI rose 0.6 per cent for the December quarter and 4.1… Read more »
David Koch is back for a brand-new season of Your Money & Your Life, airing every Thursday 2PM (AEDT) on the Seven Network from February 1, 2024. Your Money & Your Life, which first debuted in 2021, is a personal finance TV show aimed at helping all Australians save, spend, invest and manage their money… Read more »
RBA Board meeting week and it was steady as she goes. A change in RBA Governor from Philip Lowe to Michele Bullock made no difference at all… and I suspect that was the point. There was all sorts of talk in the lead up to the meeting about whether Michele would stamp her own unique… Read more »
You know how ropeable I am about the Reserve Bank’s comments two years ago reassuring Australians to go out and borrow with the comfort of knowing interest rates would not rise until 2024. It was negligent for them to make those comments. Financial markets were warning of a then-imminent breakout in inflation and the need to… Read more »
