Are the interest rate rises finally over?

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Are the interest rate rises finally over?

FromABC News Daily

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Length:

14 minutes

Released:

Apr 5, 2023

Format:

Podcast episode

Description

With 10 consecutive rate rises, the Reserve Bank is finally giving Australian households a break.

It's placed rates on hold, but will it last?

Today, the ABC's business editor, Ian Verrender, on how there's been a big shift in the RBA board’s thinking, and what comes next.

Featured:

Ian Verrender, ABC business editor

Released:

Apr 5, 2023

Format:

Podcast episode

Titles in the series (100)

ABC News Daily is the podcast that helps you understand the issues affecting your world. Every episode, host Samantha Hawley walks through one story with the help of an ABC colleague or expert in under 15 minutes. When you want coverage you can trust, listen to ABC News Daily.

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Alan Kohler on why the RBA needs a shake-up: The Reserve Bank governor, Philip Lowe, once suggested interest rates wouldn't rise until 2024, but already this year, they've gone up three times. We're being warned there could be far worse still to come, which will only add to the financial pain millions of Australians are facing. Now, the Government's holding a review of the bank, which the Treasurer Jim Chalmers says will dig into just how well the RBA is serving us. Today, Alan Kohler, on the shake-up he says the bank needs. Featured: Alan Kohler, ABC news finance analyst by ABC News Daily
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Inside Scott Morrison's last-ditch election tactic: It's the first parliamentary sitting day of Anthony Albanese's government, but in recent days there's also been attention on the dying hours of Scott Morrison's leadership. We now know that, as we were all casting our ballots, the government was scrambling to get news out about an asylum-seeker boat arrival. Today, the ABC's political editor, Andrew Probyn, on how and why the long-standing convention to keep 'on-water operations' secret was broken. Featured: Andrew Probyn, ABC political editor by ABC News Daily
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Rain, floods and the threat of a soggy summer: After months of torrential rain up and down the east coast, New South Wales is being hit by severe flooding again. Today, ABC journalist Gavin Coote takes us to the hardest hit communities and University of New South Wales climate scientist Agus Santoso explains why there could be much more rain to come. Featured: Gavin Coote, ABC Radio reporter, AM Jeremy Muller, Windsor resident Kevin Shaw, Camden resident Dr Agus Santoso, senior researcher, UNSW Climate Research Centre by ABC News Daily
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Why are Australians worried about Roe v Wade?: Thirty-six years years ago, Melbourne woman Ilsa Evans had an abortion, a decision she says changed her life immeasurably for the better. On the weekend she was one of thousands of women who took to the streets to protest against the ruling in the United States to wind back abortion rights. Today, why Ilsa is worried about Australia's abortion laws and an expert on just how secure our reproductive rights are. Featured: Ilsa Evans, demonstrator and author Dr Prudence Flowers, senior lecturer in US history at Flinders University by ABC News Daily
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Digging into Scott Morrison's secrets: The government's top legal advisor may have found Scott Morrison's secret ministerial power grab was irresponsible rather than illegal, but that's far from the end of the matter. The government thinks there's much more to uncover, which it hopes to do through a full-blown inquiry. Today, the host of Insiders and the Back To You podcast, David Speers, on the scope of the examination to come, and why the former prime minister might be forced to face questioning. Featured: David Speers, host, ABC TV Insiders and ABC Podcasts Back To You by ABC News Daily
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The controversy over a 'breakthrough' dementia drug: Even though half a million Australians live with dementia, much remains unknown about the disease. Recently, one global pharmaceutical company, Biogen, has been promoting a drug to combat its most common form, Alzheimer's, after it was approved for use. Today, the host of the ABC's Health Report, Dr Norman Swan, on whether the drug really does what the company claims. Featured: Dr Norman Swan, host, ABC RN The Health Report and co-host, ABC Coronacast by ABC News Daily
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How Donald Trump's 'legally crazy' plan is fending off the FBI: Since the FBI seized boxes of classified documents from Donald Trump's home at Mar-a-Lago, we've been learning a lot more about what they contained. There are even reports the former President had taken details of a foreign government's nuclear capabilities, a move that could see him facing espionage charges. Today, a former FBI investigator on why even if Donald Trump is found guilty and jailed, he could still try to run for President again, and probably will. Featured: Asha Rangappa, former FBI special agent and assistant dean, Jackson School of Global Affairs, Yale University by ABC News Daily
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'Haunting' memories of the disease on our doorstep: You would have heard by now Australia has stepped up its border security because of an outbreak of Foot and Mouth disease in Indonesia. So what would happen if the disease arrived here? Today we speak to a farmer who lived through a devastating outbreak in England in the early 2000s and the life-changing experiences of an Australian vet who went to help. Featured: Robert Craig, dairy farmer, Cumbria UK Bill Sykes, cattle farmer and veterinarian by ABC News Daily
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Satan, miracles and God's plan: Scott Morrison 'unplugged': We haven't seen too much of him since he lost the election, but Scott Morrison has been back in the headlines after delivering a lengthy weekend address at a Pentecostal church in Perth. In it, he referenced Satan, miracles and God's plan, telling the faithful it would be a mistake to trust in governments like they trust in God. Today, Radio National Breakfast host Patricia Karvelas runs us through the key moments, and why they matter. Featured: Patricia Karvelas, host, ABC RN Breakfast by ABC News Daily
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As interest rates rise, is honesty Labor's only policy?: Interest rates have risen again, this time by half a percent, and from all accounts the Reserve Bank isn't finished yet. The new Treasurer, Jim Chalmers, says it means millions of Australians will be finding it much harder to make ends meet. So what is he saying he'll do about it? Today, economics reporter Gareth Hutchens on what we know of the new government's plans to ease the pain. Featured: Gareth Hutchens, ABC business and economics reporter by ABC News Daily
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The new Centrelink 'points' system making job seekers anxious: It's an unsettling time for Australians on unemployment benefits as they try to navigate a whole new set of rules. A new Centrelink system means they'll need to earn points for a range of activities or risk missing out on their income support. Today the ABC's social affairs correspondent, Norman Hermant on the anxious days ahead for hundreds of thousands of Australians as they try to make sense of the changes. Featured: Norman Hermant, social affairs correspondent by ABC News Daily
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BA.5 is taking hold. So where is the Omicron vaccine?: The BA.4 and BA.5 sub-variants of Omicron are leading to a concerning jump in infections here and around the world. That's partly because while current vaccines are preventing death and hospitalisation, they're no longer as effective at stopping COVID-19 from spreading. Today, US virologist Jeremy Kamil on when Omicron-specific vaccines will be ready, and which nations will get them first. Featured: Dr Jeremy Kamil, associate professor of microbiology and immunology, Louisiana State University Health, Shreveport, Louisiana, US by ABC News Daily
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One jab to end them all: A spike in COVID cases has led the Government to urge everyone over 30 to get a fourth vaccine. But how much longer will we need rolling booster shots? Today viral immunologist Dr David Martinez on the promising early signs in trials for universal vaccines that could ward off current and future coronaviruses. Featured: Dr David Martinez, Gillings School of Global Public Health, University of North Carolina by ABC News Daily
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When Nancy Pelosi risked war with China: There's already so much uncertainty in the world and now it's being compounded, with China scrambling jets in response to a visit to Taiwan by the Speaker of the US House of Representatives, Nancy Pelosi. The headlines are worrying, pointing to the risks of an all-out war. Today, the ABC's East Asia correspondent, based in Taipei, Bill Birtles on the potential for a crisis in the Taiwan Strait. Featured: Bill Birtles, ABC East Asia correspondent, Taipei, Taiwan by ABC News Daily
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Still traumatised, Lismore's flood victims wait for answers: As residents of Sydney, the Hunter and their surrounds begin another clean up from devastating floods, it's worth also remembering the residents of Lismore. Thousands of residents there still haven't been able to return to their homes, more than four months after flooding destroyed large parts of the city in northern New South Wales. Today, local resident and ABC reporter Leah White takes us there, as the community grapples with questions like whether to rebuild amid predictions of more rains to come. Featured: Leah White, ABC reporter, Lismore, NSW Lee and Mike Try, North Lismore residents by ABC News Daily
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Is a recession the only way out?: The prices of everyday goods are going up faster now than at any other time during the past 20 years. Yesterday we learned the inflation rate had hit 6.1 percent, and analysts says it's still heading up. Today, the ABC's business editor Ian Verrender on whether all this means we're sliding towards the economic pain of a recession, and what we can all do if we are. Featured: Ian Verrender, ABC business editor by ABC News Daily
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How the 'teals' are playing politics: The last parliament was dogged by allegations of sexual harassment and misconduct. But since the election, there's a new force in Canberra, with a record number of women winning seats on the parliamentary crossbench. Today 4 Corners reporter Louise Milligan on her fly-on-the-wall access to some of the independents. Featured: Louise Milligan, 4 Corners by ABC News Daily
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A referendum, a 'colonising' Queen, and the hope for a Voice: History shows us changing the constitution can be an unpredictable process, but Anthony Albanese has made it clear that's one of his main aims during his first term as leader. He's pushing ahead with a referendum on a First Nations Voice to Parliament, which would enshrine in the constitution a body to advise on matters relating to Australia's first peoples, and already there's resistance. Today, ABC Radio National Breakfast host Patricia Karvelas on what could be a difficult path ahead. Featured: Patricia Karvelas, host, ABC Radio National Breakfast by ABC News Daily
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Are pro golfers being played by Saudi Arabia?: The international golfing establishment is in turmoil, with two Australians in the spotlight for very different reasons. One, Cameron Smith, this week won the prestigious British Open, while the other, former tournament winner and golfing legend Greg Norman, is being accused of selling out golf to improve the image of Saudi Arabia. Today, host of The Ticket podcast Tracey Holmes on the great white shark's brash moves. Featured: Tracey Holmes, host, ABC The Ticket podcast by ABC News Daily
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The mysterious deaths of two Saudi sisters: When two sisters from Saudi Arabia were found dead and naked in their beds in a Sydney apartment earlier this year, it shocked Australians and puzzled police. It has raised questions about who the young women were and why they fled their homeland. Today, Background briefing reporter Rachael Brown on her chilling investigation into their mysterious deaths and why other Saudi women in Australia are living in fear. Featured: Rachael Brown, Background Briefing reporter by ABC News Daily
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Alan Kohler on the recession we don't have to have: The Australian economy is looking shaky right now, as life gets tougher for millions of Australians with mortgages with major banks passing on this week's interest rate rise. But the worst could still be to come, as speculation builds we could end up in a recession. Today, finance expert Alan Kohler on what that would look like, and who we should blame if it happens. Featured: Alan Kohler, financial analyst by ABC News Daily
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The boatloads of asylum seekers Australia forgot: One of the first things the Albanese government did when it came to power was to allow a Tamil family to return to the central Queensland town of Biloela. That decision focused attention on tens of thousands of other asylum seekers here who have been waiting for immigration rulings for around a decade, and in some cases are living in poverty without access to Centrelink, Medicare or the ability to work. Today, national regional reporter Nathan Morris takes us to meet some of them. Featured: Nathan Morris, ABC national regional reporter, Gatton, Queensland by ABC News Daily
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'Tip of the iceberg': how polio is making a comeback: It was largely eradicated almost 50 years ago, but the crippling disease polio is making a comeback. The polio virus has been discovered in London, Jerusalem and New York state, where officials have declared a health emergency. Today, the health commissioner from the US county where there are already hundreds of cases on what needs to be done to stop the worldwide spread. Featured: Dr Patricia Schnabel Ruppert, epidemiologist and health commissioner, Rockland County, New York by ABC News Daily
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An Australian journalist's escape from the Taliban: When an Australian journalist was detained by the Taliban and forced to apologise for her stories, it highlighted the threats faced by reporters since coalition forces pulled out of Afghanistan almost a year ago. Today, we speak to Lynne O'Donnell about her escape, and the terror the Afghan people are facing. Featured: Lynne O'Donnell, reporter, Islamabad, Pakistan by ABC News Daily
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David Speers on jobs for mates and 'grey' corruption: There's a flourishing 'jobs for mates' culture in Australia, so it's hardly surprising when former politicians are appointed to lucrative overseas posts. But do we really have to accept it? In New South Wales a former deputy premier was forced to relinquish a plum United States post after a public outcry and now he's at the centre of an explosive inquiry. Today, Insiders host David Speers on integrity in politics and why voters are demanding more of it. Featured: David Speers, host of Insiders by ABC News Daily
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The koala's slide to extinction: Did you know koalas were listed as endangered in Queensland, New South Wales and the ACT this year? The iconic Australian marsupial is on a slide towards extinction, and the animals could all be gone from the wild on the east coast in less than 30 years. Today, ABC Background Briefing reporter, Rachael Brown, on her recent investigation into the multiple threats facing koalas, and the political in-fighting that's hindering efforts to protect them. Featured: Rachel Brown, reporter, ABC Background Briefing by ABC News Daily
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Paul Barry on Trump's big lie, the Murdochs and Crikey: Taking on the might of the Murdoch family in court is no small feat, but the small Australian commentary website, Crikey, is doing just that. Lachlan Murdoch is suing the platform for defamation, after it alleged links between his family and the January 6 Capitol riot in the US, which the Murdochs deny. Today, the host of Media Watch on ABC TV, Paul Barry, on why it will be a test case for Australia's defamation laws you’ll want a front row seat for. Featured: Paul Barry, host, Media Watch, ABC TV by ABC News Daily
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Donald Trump, the FBI and nuclear secrets: The FBI raid that saw classified documents seized from Donald Trump's home doesn’t seem to have dented his political ambitions, or his influence on the Republican Party. As ever more alarming stories surface about the kind of secret material Donald Trump had allegedly illegally taken to Mar-a-lago, the former president's latest political victim, Republican Liz Cheney, a harsh critic, has lost her primary, and with it her chances of re-election. Today, US national security expert Karen Greenberg on a dangerous time in American politics. Featured: Professor Karen Greenberg, Director, Center on National Security, Fordham University School of Law, New York by ABC News Daily
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China, Russia and the race for new hypersonic missiles: Last year, China tested a hypersonic missile that circumnavigated the globe before hitting its target. It surprised the world, and it was a sign of just how advanced its military has become. So amid calls for the US and its allies including Australia to develop better missile capabilities in response, how big is the threat? Today, aerospace engineer and former NASA employee, Professor Iain Boyd, on the hypersonic arms race Beijing seems to be winning. Featured: Dr Iain Boyd, professor of aerospace engineering sciences, University of Colorado Boulder by ABC News Daily
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The big shake-up of the Reserve Bank: The decisions it makes have a huge impact on our livelihoods, but is the Reserve Bank of Australia fully accountable for the pain it can cause? Not according to a review that's called into question how it has been operating under the current Governor, Philip Lowe. Today, the host of Insiders, David Speers, on why the RBA is about to undergo massive change, as the era of monthly interest rate rulings comes to an end. Featured: David Speers, host, ABC TV Insiders by ABC News Daily
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Why the big banks are betting on a recession: The reserve bank has spent most of the year furiously increasing interest rates but now the big banks are betting they'll start falling again soon. It's not due to an improving economic outlook. It's because the rapid rate hikes globally could land us in recession. Today, ABC business editor Ian Verrender on the 'miserable' state of the economy and why the credibility of the RBA is on the line. Featured: Ian Verrender, ABC business editor by ABC News Daily
11 min listen
Is the Reserve Bank playing mind games?: Take the ABC News Daily survey: https://forms.office.com/r/pYCCV9rbra We've had seven months of successive interest rate rises as the Reserve Bank tries to slow out-of-control inflation. But is it working yet, and when will the rate hikes stop? Today, the ABC's business editor, Ian Verrender on how there are finally signs consumers are spending less and why the RBA is playing mind games to keep it that way. Featured: Ian Verrender, ABC Business editor by ABC News Daily
12 min listen
The Reserve Bank Christmas present nobody wants: There have now been five rate rises this year, but so far borrowers are only stumping up the repayments for the first two. That's because the banks need time to recast the loans which, in the case of yesterday's additional rise, won't happen until around Christmas. The time lag means the Reserve Bank of Australia doesn't really yet know the effect its constant rate hikes are having. Today, the ABC's business editor, Ian Verrender, on why the RBA may have already damaged the economy by going too far. Featured: Ian Verrender, ABC business editor by ABC News Daily
11 min listen
'Highway to hell': Labor's first budget: Surging inflation, rising unemployment and a debt mountain that's becoming more expensive with each passing month: the first Labor budget in a decade is a bracing read. Seven months ago, the Treasurer Jim Chalmers' predecessor was promising everyone would be a winner. So what changed? Today, the ABC's business editor, Ian Verrender, on the treacherous landscape ahead for Australian households. Featured: Ian Verrender, ABC business editor by ABC News Daily
13 min listen
Expert Investor: Andrew Brown's Bold Predictions for 2020: Expert Investor Andrew Brown joins us to make some bold predictions by Equity Mates Investing Podcast
73 min listen
How Labor got stuck with tax cuts for the rich: Do the wealthiest Australians need an extra $9,000 in their bank accounts? The government doesn't think so, but it's pushing ahead with an election promise to deliver just that. Today, ABC TV Insiders host David Speers on Labor's dilemma, as it weighs up whether and how to dump the policy while keeping voters onside. Featured: David Speers, host, ABC TV Insiders by ABC News Daily
14 min listen
Why Australian wages got stuck and who's to blame: Right now, there's at least one job vacancy for every person who’s unemployed in Australia. It sounds pretty good, but there's a catch: while everyone who wants a job could theoretically have one, wages are falling way behind inflation, meaning making ends meet is getting much harder. Today, the ABC's business editor, Ian Verrender, on next week's jobs summit in Canberra, and whether it will lead to more money in our pockets. Featured: Ian Verrender, ABC business editor by ABC News Daily
12 min listen
Suisse finished? by The GlobalCapital Podcast
45 min listen
Growth concerns are being balanced by China reopening: It was not an economic data release, but downbeat remarks from CEOs of major US banks about growth headwinds ahead that led the US equity market lower yesterday. Yet, on the positive side of the ledger, China’s National Health Commission announced 10 new by Moving Markets: Daily News
8 min listen
'Designed to cause hardship': why the Reserve Bank isn't done yet: The barrage of interest rate rises continues, with the Reserve Bank lifting the official rate for the sixth consecutive month. The rate rises aim to hold back inflation, but they risk hastening an economic downturn. Today, Alan Kohler, on how new home owners are caught in the middle. Featured: Alan Kohler, ABC TV news finance presenter and editor-in-chief, Eureka Report by ABC News Daily
11 min listen
No pain, no gain - inside the first of many interest rate rises this year by Making Money Easy
22 min listen
Ted Talk 172: Why Uncertainty Doesn't Have To Suck: Embracing The Chaos To Crush Your Goals: You've heard the news... A few weeks ago, Silicon Valley Bank (SVB) bit the dust -- making it the biggest US bank failure since the 2008 financial crisis. Obviously, this has got investors and entrepreneurs around the country in complete panic. If you... by Legendary Life | Transform Your Body, Upgrade Your Health & Live Your Best Life
47 min listen
Bank Troubles Abroad: How will Australia be affected? by Making Money Easy
18 min listen
Bruce Boudreau Bump leads Canucks to victory over Los Angeles Kings: oops by Locked On Kings - Daily Podcast On The Los Angeles Kings
27 min listen
What Went Wrong at Silicon Valley Bank (SVB) & What’s Next?: Welcome, folks, to another episode of the Hypergrowth Investing podcast! This week, we’ll be discussing the elephant in the room – the recent collapse of Silicon Valley Bank (SVB) and its implications for the markets. ... by Hypergrowth Investing
51 min listen
Alan Kohler on why the RBA needs a shake-up: The Reserve Bank governor, Philip Lowe, once suggested interest rates wouldn't rise until 2024, but already this year, they've gone up three times. We're being warned there could be far worse still to come, which will only add to the financial pain millions of Australians are facing. Now, the Government's holding a review of the bank, which the Treasurer Jim Chalmers says will dig into just how well the RBA is serving us. Today, Alan Kohler, on the shake-up he says the bank needs. Featured: Alan Kohler, ABC news finance analyst by ABC News Daily
11 min listen
Chris Whalen on Big Bank Earnings and the Return of Credit Risk by Forward Guidance
50 min listen

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Are the interest rate rises finally over?

Are the interest rate rises finally over?

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