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Economy

No escape from global rate trap: RBA

Reserve Bank governor Philip Lowe has conceded that “while we might wish it were otherwise”, Australia’s monetary policy trajectory is pinned to global rate trends.

Philip Lowe
Ebury expands Australian presence

The global fintech has announced the opening of its new office in Melbourne, after a period of “rapid growth” in Australia.

Rick Roache
AMP Bank eyes double-digit revenue growth

The non-major is looking to capture a larger share of the revenue pool in the banking space, after it reported a 9 per cent decline in its underlying profit, partly offset by a mortgage ...

AMP
‘Dovish’ RBA in ‘wait and see mode’

The Reserve Bank has signalled that it remains open to further cuts to the cash rate, but according to analysts, the central bank will hold off on further cuts for the time being.

RBA
Prospa establishes NZ$45m funding facility

SME lender Prospa has established a NZ$45-million funding facility, its first warehouse facility set up specifically to fund small business loans in New Zealand.

Prospa
Mortgage approval values bounce back

ABS data from June has reported an overall increase in lending values, driven by owner-occupiers and first home buyers.

Arrow up
Financial literacy improving among mortgagors

New research has suggested that Australians are more in the know about their home loan rates, but more can be done to improve financial literacy. 

Financial literacy
MyState CFO resigns

The Tasmanian bank has announced the resignation of its CFO, David Harradine, who has served the company since 2015.

MyState Bank
Cash rate sinks to new low

The Reserve Bank’s monetary policy board has lowered the cash rate for the third consecutive month, dropping it to a new record low.  

Cash rate sinks to new low
RBA reveals cash rate decision - Aug 2019

The central bank has announced its cash rate verdict for the month of August following its monetary policy board meeting.

RBA reveals cash rate decision - Aug 2019
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