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Economy

RBA makes cash rate call - Feb 2017

The Reserve Bank of Australia has revealed the decision of its first monthly board meeting of the year.

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Surprise RBA move on rates

The Reserve Bank of Australia has shocked industry pundits with the decision of its first monthly board meeting of the year.

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Tasmania’s economy reaching new highs

Tasmania’s market is reaching new heights, according to MyState Limited, with state final demand at an all-time high after 14 consecutive quarters of growth, Hobart recording its strongest ...

mortgagebusiness
Major bank appoints chief data officer

ANZ has appointed Emma Gray as chief data officer reporting to group executive digital banking, Maile Carnegie.

mortgagebusiness
Rebound in business conditions unlikely to be sustained

Business conditions have seen a reprieve from their steady moderation last year, which points to a “stronger outlook for the economy”, however it might prove to be temporary.

mortgagebusiness
Mortgage exec joins Australia’s newest bank

A former bank executive responsible for launching Virgin Money mortgages has joined the first Australian technology company to be granted a banking licence.

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Bank refunds $4.9m for overcharging interest on home loans

A major bank-owned mortgage lender has refunded $4.9 million to approximately 10,800 customers after it failed to link some offset accounts to home loan accounts, resulting in a number of ...

mortgagebusiness
Major banks to face parliamentary scrutiny over pricing

Following their appearance last year before the House of Representatives standing committee on economics, major banks will next month return to face further scrutiny over pricing decisions

mortgagebusiness
Mining slowdown sparks negative equity risk

New research has found that more than 10 per cent of Western Australian mortgage holders have little or no equity in their homes.

mortgagebusiness
Bouris delivers $40bn book following restructure

ASX-listed diversified mortgage and wealth group Yellow Brick Road has posted strong settlement growth for the last three months of 2016, growing its loan book to $40 billion.

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