Economy

The central bank has announced its first cash rate decision for the year 2021.

The central bank has announced a new record-low cash rate in its February board meeting, a decision that was unexpected by the market.

Treasury will immediately commence a search for a new chairperson for ASIC, but the current chair, James Shipton, will return to his role on Monday while the search for a replacement is ...

The RBA has studied the role of collateral in credit markets under stress, and has found that collateralised borrowing rose for some segments during the GFC.

A new FOI document released by the RBA shows that it believes economic risks may increase due to low interest rates, and that house prices could rise substantially if the cash rate is held ...

‘Rainy day savings’ and ‘saving enough to buy a property to live in’ are among the top financial goals for 2021, a new survey has found.

Paying off interest-accruing debt is high on Australians’ list of financial priorities for 2021, with many planning to pay off their mortgage faster, according to a survey.

CBA economists said they foresee strong economic recovery in 2021 after a weak 2020, and the increased use of fiscal policy in conjunction with monetary policy to manage the economy.

A new report has expressed policy concern that premature withdrawal of government stimulus measures amid COVID-19 could send many into housing affordability stress.

Australia can expect to recover most of the GDP in 2021 that it lost in 2020, but the official cash rate is set to remain at current levels, according to a report.