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The Latest Breaking News from ANZ

Pause on the cards as RBA board meets on cash rate

The Reserve Bank is inching closer to the point it can take its foot off the accelerator but it's unclear if the central bank has done enough just yet.

AAP

Hold or hike? Economists divided on whether RBA will raise interest rates for 11th consecutive time

Mixed data and international developments leave monetary experts unclear on Reserve Bank’s cash rate decision for April

The Guardian - AU

The Millionaires' Factory lays bare the good and bad about Australia's millionaire manufacturer – Macquarie bank

The Millionaires’ Factory, subtitled “the inside story of how Macquarie Bank became a global giant” by financial journalists Joyce Moullakis and Chris Wright is an impressive, informative book that I enjoyed reading.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Scammers can disguise their number so it looks like your bank is calling — here are red flags to watch for

Your phone says the call is coming from your bank, the caller knows your address and they're using the same language a banker would use, but it feels off. Here's why it might be a scammer.

ABC News

Inflation-hit consumers yet to shake sour outlook

Consumer confidence is still being battered by High living costs and rising interest rates, the latest ANZ-Roy Morgan weekly survey shows.

The New Daily

Australian banks predict another interest rate rise despite hopeful investor outlook

Big four banks believe RBA will lift cash rate by at least another 25 basis points though many predict rises are close to a peak

The Guardian - AU

Reserve Bank leaves rates pause in play for April

The minutes from the central bank's board meeting suggest the bank is getting closer to a pause so it can assess the full impact of sharp interest rate hikes.

AAP

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Scammers can slip fake texts into legitimate SMS threads. Will a government crackdown stop them?

Are you tired of receiving SMS scams pretending to be from Australia Post, the tax office, MyGov and banks? You’re not alone. Each year, thousands of Australians fall victim to SMS scams. And losses have surged in recent years.

The Conversation

RBA minutes, speech scoured for cash rate clues

Further insights into the March cash rate hike in the minutes from the Reserve Bank board meeting dominate the economic discourse this week.

AAP

More economists predicting RBA will pause rate hikes

Westpac, St. George, HSBC, JP Morgan and AMP now expect the Reserve Bank won't raise rates in April - but ANZ and CBA still forecast a rate hike.

AAP

Credit Suisse adds to fears of new GFC; rate hikes may be paused

European markets have turned sour with concerns now directed at Credit Suisse whose shares plunged 24 per cent to a record low.

The New Daily

Interest rate rises have Australians ready to slash spending, and businesses are bracing for the cuts

Australia's economy is still holding up on the back of household spending, but there are warning signs that a severe downturn is imminent — and small businesses are already seeing it in action.

ABC News

Amid fears for small players, big banks agree to a competition inquiry

Is NZ developing a two-tier banking system? There’s concern smaller savings institutions may be placed at greater risk, if customers follow Americans' flight to big banks this week. Jonathan Milne reports.

Newsroom.co.nz

Consumer confidence plunges to COVID lockdown lows

Consumers are feeling wobbly after the Reserve Bank's tenth interest rate hike in a row and amid stubborn inflation.

The New Daily

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AAP

Cost-of-living concerns impacting Aussie travel plans

After rebounding from the pandemic, the travel industry is facing further setbacks as holidaymakers face cost-of-living concerns.

The New Daily

Interest rates: How refinancing and saving are shaping up after the March hike

The Reserve Bank’s tenth interest rates hike in a row last week has sparked a flurry of fresh activity from lenders.

The New Daily

Banks continue to drag their feet lifting savings account rates

Banks defy political pressure by not passing on higher interest rates to all savers even as they hit mortgage holders with rapid-fire hikes

AAP

Some savers still being left behind as cash rate lifts

Banks are still picking and choosing which deposit accounts to lift rates on despite pressure from the consumer watchdog to pass higher rates on to savers.

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ABC News

The Reserve Bank is tipped to raise interest rates again, even as some families struggle to meet higher home loan repayments

Australia's major banks expect the Reserve Bank will lift the cash rate to its highest level since May 2012 later today, but thousands of families like Le Tran's are already having to make sacrifices to make ends meet.

ABC News

ANZ bank apologises after customers' personal information found in Perth skip bin

One of Australia's biggest banks investigates after customers' personal data is discovered "floating down the street" after being dumped in a skip.

The New Daily

ANZ bank documents found dumped in suburban skip bin

A Perth man found dozens of dumped ANZ bank documents, some of which were blowing down the street, while walking near a recently-closed branch.

Newsroom.co.nz

Growing momentum for 'David and Goliath' official inquiry into banks

Proposed terms of reference say bank account number portability must be enforced with urgency, and ex-ministers like John Key shouldn't go straight onto bank boards. Jonathan Milne reports.

Newsroom.co.nz

Reserve Bank would back a Commerce Commission probe into bank profits

Some retirees could face a cold and hungry winter, as costs rise and banks slow-pedal their term deposit interest rates. It's allowing the big banks to maintain high margins and send record dividends back to their Australian owners. Jonathan Milne reports.

The Independent UK

New Zealand’s Blair Tickner saw ‘lives being flipped upside down’ by cyclone

Tickner made his Black Caps debut in the series opener at Mount Maunganui.

The New Daily

ACCC asking why banks are slow to lift interest rates on savings accounts

The landscape for Australian savings rates is changing fast as banks begin to relent after the RBA’s February interest rate hike.

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