Economy

The Reserve Bank has met a sharp increase in demand for additional liquidity from Australia’s banks in light of growing market uncertainty from the coronavirus outbreak.

The banking sector has welcomed the federal government’s stimulus package, adding that it is ready to play its part in tackling the economic challenges posed by the coronavirus.

ANZ, NAB, and Westpac, and a neobank have all announced cuts to interest rates on some of their savings accounts, following the Commonwealth Bank’s decision to do the same.

The federal government has officially announced a $17.6 billion stimulus package designed to counter the downside impact of the coronavirus outbreak on the domestic economy.

The central bank has slashed its bank rate by 50 bps in an effort to curb the economic impact of the coronavirus outbreak.

The Reserve Bank has claimed that the impact of its rate cuts on credit quality would outweigh the strain on bank margins.

The major banks have outlined support measures for consumers and business affected by the coronavirus outbreak.

If a business turns a profit at the end of each year, the business must be safe, right? If you ask most small and medium business owners, they will tend to say yes. However, the profit & ...

Prime Minister Scott Morrison will shortly release a stimulus package to help offset the “hydra-headed” impact of the coronavirus outbreak and has urged the business community to play their ...

The non-major has reported a 9.7 per cent increase in its statutory net profit, helped by strong customer growth that contributed to a $3.1 billion rise in its mortgage portfolio.