Economy

In his first speech as Reserve Bank governor, Philip Lowe says the RBA’s monetary policy is still accommodative and its “flexible medium-term inflation target remains the right monetary ...

National Australia Bank has successfully priced subordinated medium term notes worth a total of $800 million.

The number of vacant properties in Australia dropped in August, pushing up rental prices in most cities, new research has shown.

Nearly one in three first home buyers worry about managing their mortgage repayments, a recent survey has revealed. 

A Tasmanian lender has priced a $10-million debt issue in a transaction that will allow the group to “build greater diversity” into its capital base.

Reporting on its overall performance for the year, Heritage Bank has posted a year-on-year surge of 6.46 per cent to $50.1 million in pre-tax profit, with above system average growth in its ...

The current disruption posed by fintechs has “the potential to shrink the role and relevance of today’s banks”, a prominent banking sector executive has forewarned.

Australia’s second-largest credit union has announced a record net profit after tax, as well as strong sales and portfolio growth in the FY15/16. 

Consumer confidence has fallen in the last week, although it remains “high by historical standards”, a new report has revealed.

A senior economist has said that home ownership is likely to drop considerably by 2021, which is a “major issue” and will have “significant social and financial consequences”.