Making news this week (ending 25 November)
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!
Kate Aubrey is the senior content producer of Momentum Media's mortgages titles: The Adviser and Mortgage Business.
Prior to joining Momentum Media, Kate covered regional and breaking news for ABC Radio for more than three years.
She has a Master of Arts in Journalism from the University of Melbourne and a Bachelor of International Business and Business Management from Griffith University.
Email Kate at: This email address is being protected from spambots. You need JavaScript enabled to view it.
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