Widespread speculation that other banks will follow Westpac’s interest rate rise is already having a dampening effect on house prices, says UNSW's Nigel Stapledon.
The Shadow RBA Board recommends what the Reserve Bank should do, not predicts what it will do, writes James Morley.
A lower Aussie dollar is good news for exporters. But it’s bad news for home owners, and consumers and business that source inputs from abroad, writes Richard Holden.
The Federal Reserve is winding down its quantitative easing programs and all eyes are on it to see when there will be “liftoff” of the federal funds rate from zero.
Minds are now focused on whether the US Federal Reserve will move to raise its near zero interest rates following two pieces of conflicting economic data, writes Glen Otto.
The big banks are playing a controversial game by moving interest rates independently of the Reserve Bank, and should be subject to an excess profits tax, argue four prominent UNSW economists.
The Reserve Bank Deputy Governor has told a conference hosted by UNSW that banks can no longer use borrowing costs to justify oversized rate rises.