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Economy

Lowe calls for new monetary policy ‘mindset’

There’s a limit to what monetary policy can do to manage economic cycles in the foreseeable future, the Reserve Bank governor has said before calling for fiscal policy to play a “more ...

Philip Lowe
Major bank executive retires

The chief executive of a major bank’s institutional arm has announced their retirement after more than 30 years in the sector.

Major bank executive retires
Capitalised mortgage deferral costs ‘entirely manageable’: Lowe

The Reserve Bank governor is confident borrowers will manage higher mortgage repayments upon the expiry of deferral periods.

Capitalised mortgage deferral costs ‘entirely manageable’: Lowe
COVID-19 curbs Perth housing recovery

The onset of COVID-19 has put the brakes on momentum in Perth’s housing market, which is instead on the cusp of another downswing.

housing recovery
AFCA receives over 3,000 complaints amid COVID-19

The financial complaints body has announced that it has received thousands of complaints in the two months since COVID-19 was declared a pandemic.

AFCA receives over 3,000 complaints amid COVID-19
Resimac closes $500m RMBS transaction

The non-bank lender has issued its first RMBS transaction since the COVID-19, with the AOFM providing secondary market support with cornerstone investors.

Resimac closes $500m RMBS transaction
Outlook turns negative for mutual banks: Moody’s

The investor service has revised its outlook for mutual banks to negative, as the economic fallout of COVID-19 continues.

Outlook turns negative for mutual banks: Moody’s
PM fears impact of migration slide on residential sector

Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property market activity.

Scott Morrison
FHLDS scheme exhausted

All 5,000 places allocated for non-major participating banks within the FHLDS have now been exhausted, three months after launching.

FHLDS scheme exhausted
Heritage introduces digital VOI service

The non-major has introduced a new digital verification tool in a bid to simplify the application process via the third-party channel.

Heritage introduces digital VOI service
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