The Reserve Bank of Australia has increased interest rates for the fourth month in a row, raising its cash rate target by half a percentage point. The RBA has now lifted its benchmark interest rate by 1.75 percentage points since its first rate rise in May, with the cash rate target sitting at 1.85 per cent.

Reserve Bank hikes interest rates for fourth consecutive month

The day's business and finance news, with the latest trends on international share and currency markets, pointing to what Australians can expect in the day ahead.

There is a growing push for more comprehensive tax reform from experts and the parliamentary crossbench.

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Australia's former ambassador to China, Dr Geoff Raby says China's economy is flagging and Xi Jinping has made a number of serious policy miscalculations.

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NAB Chief Currency Strategist Ray Attrill says the "left-field" UK bond market turmoil has sparked fears other issues with the potential to impact global financial markets could also be lurking below the surface.

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There are concerns casual workers not entitled to sick pay will hide COVID-19 symptoms and continue going to work now subsidies for most of them are ending.

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An overhaul of financial advice could make it more affordable and easier to access, but critics say it will also unwind decades of consumer protections.

Reserve Bank hikes interest rates for fourth consecutive month

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