Economy

The Reserve Bank of Australia has stunned industry pundits with the decision of today’s monthly board meeting.

The Reserve Bank is likely to keep the official cost of borrowing at its record low of 1.5 per cent when it meets today, according to a chief economist and a property industry executive.

The “implications of prudential policy on capital pressuring prices” is the biggest concern for the mortgage market in 2017, according to new research from financial services provider ...

A major bank forecasts headline CPI for Q1 to rise to 2 per cent, however expects core inflation to remain below the policy target band and not return to target until mid-2018.

The Australian Bankers’ Association has voiced its support for the majority of recommendations made by the independent review of the Code of Banking Practice.

Low interest rates and a “rapidly changing” operating environment contributed to a 6 per cent drop in the Bank of Queensland’s profits for the first half of the 2017 financial year, ...

Gateway Credit Union has received a five-star rating from CANSTAR for its variable home loan package for both owner-occupiers and investors.

ME has today announced that it will increase its investor home loan reference rates by 25 basis points, effective 27 April 2017.

Entrepreneur and Count Financial founder Barry Lambert has warned that there could be “hard times ahead” for mortgagors as banks begin increasing interest rates.

Banks’ funding costs have remained quite stable since the middle of last year, according to a Reserve Bank economist.