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Economy

ME cuts variable rates by up to 40 basis points

ME has today announced significant rate cuts on a range of variable home loan products for both investors and owner-occupiers.

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Loans.com.au slashes mortgage rate despite RBA decision

Online lender Loans.com.au has defied the Reserve Bank’s decision to keep the cash rate on hold by cutting one of its mortgage rates by more than 30 basis points.

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Centrepoint simplifies structure through rebrand

Mortgage and wealth group Centrepoint Alliance has rebranded its various businesses together under the one umbrella as part of moves to simplify its business structure.

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Sydney market drives up national dwelling values

A new report shows Australia's housing market has improved thanks to strong gains and auction results in Sydney.

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ASIC takes NAB to court

ASIC has commenced legal proceedings in Melbourne's federal court against NAB for alleged unconscionable conduct and market manipulation.

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‘Conflicting economic trends’ force RBA's cash rate call

One of Australia’s most respected economists has weighed in on the Reserve Bank of Australia’s decision to keep the official interest rate unchanged at yesterday’s monthly board meeting

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New ING Direct chief takes over

ING Direct Australia's new chief executive has officially commenced their role following the departure of long-serving CEO Vaughn Richtor.

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NAB voted best bank by consumers

National Australia Bank has been named Bank of the Year at Money magazine’s 2016 Consumer Finance Awards.

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RBA holds cash rate

The Reserve Bank of Australia has kept the cash rate on hold at 1.75 per cent after last week’s stronger GDP figures calmed fears about low inflation.

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Reserve Bank makes cash rate decision

The Reserve Bank of Australia has announced the decision of its monthly board meeting.

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