Browsing Tag
Reserve Bank of Australia
18 posts
RBA raises interest rate to 4.85% as inflation outlook worsens and board splits
The Reserve Bank of Australia increased its cash rate by 25 basis points to 4.85% on 3 November, extending its tightening cycle as inflation remains stubbornly elevated. The decision was supported by six board members and opposed by three, highlighting growing disagreement over how much further monetary policy should tighten as economic growth slows.
Australia budget update faces fresh pressure as inflation hits 4.3%
Australia's Finance Minister Katy Gallagher has declined to guarantee that December's federal budget update will deliver more savings than new spending. The comments follow a rise in annual inflation to 4.3% and come ahead of the Reserve Bank of Australia's November 3 interest-rate decision.
Westpac reports A$6.8bn profit as bad debt charges double and lending margins tighten
Westpac Banking Corporation has reported broadly unchanged underlying earnings despite stronger lending and deposit growth, as higher impairment charges and a narrower net interest margin offset operating improvements. Its capital position remains strong, supporting a fully franked final dividend of 77 cents per share.
Australia rate risk returns after RBA board debated fourth 2026 interest-rate increase
Reserve Bank of Australia minutes show several board members believed inflation risks could require additional tightening even as the board unanimously held rates.
National Australia Bank (ASX: NAB) shares fall 4.6% as A$1.8bn cash earnings collide with mortgage slowdown
NAB cash earnings rose to A$1.83bn, but a 15% fall in mortgage applications and higher watch loans sent ASX: NAB down 4.6% as credit risks emerged.
Commonwealth Bank of Australia (CBA) posts A$10.98bn FY26 profit as system-plus growth meets cost scrutiny
Commonwealth Bank of Australia's A$10.98 billion FY26 cash profit and A$5.05 dividend clash with a 2% share drop, raising the FY27 cost and margin question.
The big banks bleed: Why the S&P/ASX 200 Financials Index (XFJ) is staring at a fresh three-month low
Banks are repricing faster than retail investors expected. The RBA went hawkish, Westpac's margins slipped, NAB's profit dropped. The 16 June meeting decides the next leg.
Xero (ASX: XRO) climbs into FY2026 result as Melio integration becomes the central thesis test
Xero spent US$2.5bn on Melio. Shares are down 57% from the highs. The May 14 result is when bulls and bears find out who was right.
REA Group (ASX: REA) shares jump as Q3 FY2026 result lifts cost guidance and confirms residential recovery
REA Group fell 9.6% on H1 results in February. Today's Q3 print rewrites that thesis. Listing volumes are back, yield is at 14%, costs are being held.
ASX 200 climbs to two-week high as miners reignite commodity supercycle trade, BHP, Rio Tinto and Sandfire lead broad materials rally
Base metals are flat. Iron ore hasn't moved. So why are BHP, Rio Tinto and Sandfire ripping the ASX 200 to a two-week high? Sentiment is rotating fast.