Powered by MOMENTUM MEDIA
Broker Daily logo

Making news this week (ending 25 November)

Making news this week (ending 25 November)
expand image

Making news this week … high inflation “only temporary”, RBA says, ‘mortgage stress’ highest since pre-pandemic, RBNZ delivers biggest rate hike yet, tighter regulation push for BNPL, and one week left to submit for Mortgage Business Awards.

‘Temporary inflation episode’, so history doesn’t repeat: RBA

While current high inflation came as ‘a shock’, its pressure could get ‘more variable’, the central bank has warned.

‘Mortgage stress’ highest since pre-pandemic

==
==

There are signs that financial stress caused by higher mortgage debt and rising interest rates has started to show.

RBNZ delivers biggest rate hike yet

New Zealand’s central bank raised the official cash rate by a record 75 bps to 4.25 per cent.

BNPL needs “guardrails around it”, Gallagher says

Buy now, pay later providers could fall under the same regulations as credit cards, as the government pushes new regulation.

1 week left to submit for Mortgage Business Awards

Submissions for the inaugural Mortgage Business Awards are closing next week, so get your video submission in now!

More on Economy
11 November 2024
An increase in mortgage demand has suggested that consumer confidence is beginning to improve amid rate cut expectations
11 November 2024
The Treasury’s analysis of Australia’s economic performance highlighted plenty of concerning trends. However, business ...
11 November 2024
Mortgage interest charges have continued to rise, however, have been offset by lower fuel and electricity prices.