Combined, APRA and the Reserve Bank are about to give households on $150,000 up to $120,000 more borrowing power.
Profit incentives might prevent banks following the lead of the Reserve Bank when it next cuts rates.
Inflation has barely been within the Governor Philip Lowe's target band his entire time in office. Zero inflation means he should cut now, before the election.
The new RBA monetary statement is just like the old one — but there are some things that are changing significantly, writes Richard Holden.
Subdued growth and deflation are behind the Reserve Bank's unusual Budget day interest rate cut, says Tim Harcourt, the J.W. Nevile Fellow in Economics at UNSW.
The Australian economy exceeds expectations, while China continues to worry. RBA Governor Glenn Stevens has reason to smile, Janet Yellen less so, writes Richard Holden.
UNSW's Airport Economist Tim Harcourt is punting on an interest rate cut from the Reserve Bank on Tuesday, just half an hour before the starter's pistol fires for the Melbourne Cup.
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.