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Economy

RBA announces cash rate rise
5 February 2019
RBA

The central bank has lifted the official cash rate for the first time since November 2010, surprising industry pundits.

RBA cuts February cash rate
5 February 2019
RBA

The central bank has reduced the official cash rate for the first time since August 2016.   

RBA announces February cash rate
5 February 2019
RBA announces February cash rate

The central bank has determined the cash rate for February, following its monthly board meeting.

Bank satisfaction recovery could be short lived
5 February 2019
Westpac, CBA, ANZ, NAB

Bank satisfaction rose in the last month of 2018 but the improved sentiment will likely be shortlived, Roy Morgan has predicted, as the fall out from the final report of the royal commission ...

Government cautioned as new data flags market dip
4 February 2019
Parliament house

Policymakers have been urged to address concerns identified by the Hayne royal commission without “damaging” the economy, amid fresh figures that highlight the slowdown in the credit and ...

Banks send open letter to politicians
4 February 2019
mortgagebusiness

Policymakers have been urged to consider the broader ramifications of recommendations proposed by the financial services royal commission, ahead of the release of the final report.

YBR loan settlements fall, cash deficit narrows
4 February 2019
mortgagebusiness

The financial services group has reported a 3 per cent drop in mortgage settlements but has narrowed its cash deficit by 87 per cent.

ADI licence granted to former religious charitable fund
4 February 2019
APRA

A former religious charitable development fund is now operating as an ADI after being awarded a licence.

Non-bank clips mortgages rates
4 February 2019
mortgagebusiness

Non-bank lender Resimac is celebrating the success of its summer rate reduction by running an additional promotion for a limited time. The offer in December of a lead-in rate of 3.74% per ...

Mortgage borrowers more satisfied with brokers
1 February 2019
Consumer Access Mortgages Report

Mortgagors are more satisfied with the broker channel than the direct-to-lender channel and would be more likely to use a broker in future, new research has revealed.