Powered by MOMENTUM MEDIA
Broker Daily logo

Economy

Rate cut ‘pencilled in’ for June
8 May 2019
Ticking box

Despite keeping the cash rate on hold against expectations of a cut, the Reserve Bank is expected to pull its monetary policy lever in June amid a forecasted rise in unemployment

Resimac appoints new head of NZ business
8 May 2019
Luke Jackson

The non-bank mortgage provider has announced the appointment of a new business head to lead its New Zealand office and “drive the company’s ambitious nationwide growth strategy”.

RBA announces cash rate
7 May 2019
RBA announces cash rate

The central bank’s cash rate decision has been revealed, following its monthly monetary policy board meeting.  

RBA ends cash rate inertia
7 May 2019
RBA ends cash rate inertia

The central bank has announced a change to the official cash rate for the first time since August 2016. 

Bank customers to expect Netflix-level personalisation
7 May 2019
Bank customers to expect Netflix-level personalisation

Banking customers will come to expect the same level of personalisation that they are provided by the likes of Netflix and Spotify, Standard & Poor’s has predicted.

House prices will fall ‘materially’ under Labor, warns economist
6 May 2019
House prices will fall ‘materially’ under Labor, warns economist

Financial economist and former government adviser Christopher Joye has outlined his thoughts on the economic impacts of the Liberal and Labor parties winning the election, warning that ...

Dwelling approvals take a 27% dive
6 May 2019
House in construction

The number of dwellings approved in March fell by more than 27 per cent over the year, new ABS data has revealed.

Heartland Group appoints new CFO
6 May 2019
Heartland Bank

The New Zealand-based financial services group has appointed a new chief financial officer.

Banks, RBA and APRA consider ‘alternative’ to cash rate cut
3 May 2019
Banks, RBA and APRA consider ‘alternative’ to cash rate cut

The central bank, APRA and the banking industry are considering reducing a key mortgage measure as an alternative to a cash rate cut, financial economist and former government adviser ...

RBA has ‘ammunition’ but might not slash cash rate
3 May 2019
Finsure

There are many factors placing pressure on Australia’s central bank to drop the official cash rate to a new record low, but it would not be surprising if it continued to remain on hold, ...