Analysts predict RBA will leave cash rate at 3.6% for second consecutive month But CBA, the nation’s largest mortgage lender, thinks a rise to 3.85% is likely before cuts start in November The Guardian - AU · May 1, 2023
These borrowers are facing a big jump in their mortgage repayments — but they feel they dodged a bullet As hundreds of thousands of Australian households brace for a steep hike in their mortgage repayments, there are calls for lenders to better explain to prospective borrowers the risks of interest rate rises or other changes to their circumstances. ABC News · Apr 29, 2023
Inflation data to set the scene for next cash rate call There will be a lot riding on the quarterly inflation figures as the Reserve Bank board tries to determine if it's done enough to rein in rising prices. AAP · Apr 23, 2023
Big banks urged to repay scam victims as ASIC report slams inconsistent approach to losses The big banks are under growing pressure to do more to prevent scams and repay victims after a report by the corporate regulator found they only compensate a tiny number of customers. ABC News · Apr 20, 2023
Unsealed minutes will detail RBA’s thinking on rate hikes and the current pause More light will be shed on the RBA's decision to forego a further interest-rate hike when the board's minutes are released this week. The New Daily · Apr 15, 2023
Reserve Bank's close April decision on show Further insights into the central bank's decision to hit the pause button will be outlined in the April board meeting minutes. AAP · Apr 15, 2023
‘Now in reverse’: Big four banks slash refinancing discounts as profits come under pressure Australia’s big four banks are reining in their biggest mortgage discounts as tight competition and record levels of refinancing eat into their profits. The New Daily · Apr 14, 2023
The IMF has painted a grim picture of the world economy. What does it mean for Australia? Australian economists say the IMF outlook supports their case for a soft landing after the rapid rise in interest rates The Guardian - AU · Apr 12, 2023
Australian Taxation Office to force banks to hand over landlord data in investment property crackdown Exclusive: Incorrect reporting of rental property income and expenses, and failure to declare capital gains are all in the spotlight The Guardian - AU · Apr 11, 2023
Australia’s booming banks should do more to protect customers from scams, advocates say More than $95m has been lost to scams so far this year, while the big four are expected to make more than $33bn The Guardian - AU · Apr 5, 2023
Easter bowser squeeze looms, but there’s a way around it Australian motorists are being advised to fill-up their tanks outside major capitals as petrol prices rise ahead of the Easter long weekend. The New Daily · Apr 5, 2023
Philip Lowe in spotlight after welcome cash rate call The Reserve Bank has kept interest rates on hold but a public appearance from the bank's boss could shed some light on the likelihood of more hikes. The New Daily · Apr 4, 2023
Tiwi Islands traditional owners lodge human rights complaint against banks over $1.5b Santos loan Traditional owners of the Tiwi Islands have lodged human rights grievances against 12 banks for their involvement in a $1.5 billion loan to Santos for its Barossa offshore gas project. ABC News · Apr 4, 2023
Traditional owners ask banks to reconsider Santos loan Activist lawyers have sent human rights complaints to a dozen banks that helped Santos finance its offshore Barossa project. The New Daily · Apr 4, 2023
The New Daily · Apr 4, 2023 Mortgage holder confidence cools ahead of RBA decision Confidence among those paying off a home loan has taken another hit in the lead-up to another cash rate call that could add more to their monthly repayments.
AAP · Apr 3, 2023 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.
The Guardian - AU · Apr 3, 2023 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 Conversation · Mar 30, 2023 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.
ABC News · Mar 30, 2023 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.
The New Daily · Mar 27, 2023 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 Guardian - AU · Mar 24, 2023 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
AAP · Mar 20, 2023 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.
The Conversation · Mar 20, 2023 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.
AAP · Mar 18, 2023 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 · Mar 17, 2023 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.