Finance

Australia's monthly consumer price index has remained steady for January, but a slight rise to core inflation has dealt a blow to hopes of a second interest rate cut in the first half of the year.

For the average Australian mortgage holder, today's decision will see the minimum repayments on a $600,000 mortgage drop by $92 a month.

Banks could be scrambling to drop their mortgage rates and entice borrowers in a matter of hours if the Reserve Bank does what most economists expect and hands down an interest rate cut today.

Most economists are forecasting a much needed reduction in the official cash rate when the central bank wraps up its meeting tomorrow.

Australian pizza-maker Domino's has announced it will be closing more than 200 stores globally.

A new proposed tax cut would provide certain Australian couples a welcome hip-pocket sugar hit, but would make a taxation system that is in desperate need of meaningful reform even worse.

Economists are increasingly confident that mortgage holders and small businesses will finally get some long-awaited interest rate relief in just a few weeks.

Core inflation in Australia has fallen to a better-than-expected 3.2 per cent in the December quarter, boosting hopes of an interest rate cut next month.

A combination of the strong greenback, the impact of a weakening Chinese economy and struggling domestic growth are punishing the currency.

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The federal government is preparing Australians for good news on Wednesday, when crucial inflation data is released ahead of the Reserve Bank's first interest rates decision of the year.

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Macquarie Bank has cut interest rates on three of its fixed-rate home loans as the highly anticipated first Reserve Bank meeting of the year draws closer.

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Australia's unemployment rate has risen slightly, increasing the chances of an interest rate cut.

A domino effect stretches all the way to household budgets and might even impact the Reserve Bank of Australia's interest rates decisions.

They remain the country's wealthiest generation, but Baby Boomers no longer own the most valuable property.

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The onset of the new year hasn't been kind to the nation's finances.

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The sharemarket also struggled following a key economic development in the United States.

Unemployment has fallen to its lowest level since March, surprising economists and once again denting hopes of an earlier-than-expected interest rates cut.

Canstar's annual survey of more than 2000 people found that for those who have personal debt, the average amount has risen to $15,200.

One of the world's leading economic bodies has weighed in on Australia's cash rate.

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Australia's economy rose 0.3 per cent in the September quarter, according to new ABS data.

Figures show that the cost of retirement has increased significantly over the last 20 years.

ANZ has become the third of the big four banks to push back its forecast for when the Reserve Bank will begin cutting interest rates.

Any suggestion that Wednesday's better-than-expected inflation figures could lead to an early interest rate cut has been well and truly dispelled by RBA Governor Michele Bullock.

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But there's still one key figure that will be keeping the Reserve Bank away from an interest rate cut.

Australia's banking regulator has resisted calls to lower the serviceability buffer for new mortgages.

ANZ has joined the Commonwealth Bank and NAB in cutting its variable interest rates - but there's a catch.

Australians could have to wait even longer than expected for the Reserve Bank to finally cut interest rates.

Australians are being forced to dish out more of their income than ever before to meet their basic housing payments.

The decision impacts the 3.2 million Australians who have a mortgage on their own home and has flow-on effects across the entire economy.

The Albanese government says it will mandate that businesses must accept cash for essential items from 2026 while expanding on its plan to phase out cheques.

"Today's cut means a reduction of $126 on monthly repayments, which is a substantial sized reduction in lieu of an RBA rate cut."

New data has revealed Australians could be set to snap up some of the best property bargains in years.

There are signs of weakness creeping into the jobs market in what could be good news for Aussies hoping for a cash rate cut.

Spending rose ever so slightly in October, driven in part by ticket sales for major events.

Digital only banks, known as 'neo banks' are shaking up the industry, and one of the major players has just hit a new milestone.

Voter dissatisfaction with high inflation was crucial in sending Donald Trump back to the White House, but he could be about to send it soaring once again.

The value of cryptocurrency Bitcoin has surged to an all-time high on the back of Donald Trump's US election victory.

It comes even as the ATO collected a record amount of income tax from large corporations.

Commonwealth Bank has revised its prediction that mortgage holders will be treated to a pre-Christmas interest rate cut.

Despite the good news, an interest rate cut is unlikely to follow.