The ACT’s Container Deposit Scheme should perhaps be called a Housing Deposit Scheme because Greenway resident Ashlee Rankin is cashing in cans on a grand scale to help pay off her mortgage.
The Reserve Bank is facing a major overhaul with the creation of two separate boards, one responsible for governance and the other to set interest rates.
The minutes from the Reserve Bank of Australia's last board meeting will offer some context for the last cash rate decision and, hopefully for borrowers, further signs the bank is readying for a pause.Â
A speech by the Reserve Bank governor will be scrutinised for any insights into plans for further interest rate hikes as borrowers feel the pain of 10 consecutive increases.
The head of the Reserve Bank of Australia has flagged more rate rises in coming months. However, RBA Governor Philip Lowe said the case for a slower pace of tightening was becoming stronger as the cash rate level rises.
The federal government has defended the Reserve Bank of Australia's efforts to combat inflation despite calls for the central bank's governor to resign.
Data released by the Reserve Bank today, Wednesday 7 July, shows a sharp U-turn in personal credit growth this year, after plunging in 2020 when many people raided their savings to pay down debt.
