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Economy

NZ Reserve Bank throws 50 bps at cash rate

The Reserve Bank of New Zealand has hiked interest rates to 4.75 per cent, in the wake of Cyclone Gabrielle.

Pause excluded in February rate hike decision: RBA

Only a cash rate hike to start 2023 was considered, the central bank’s monetary policy minutes have revealed.

Mortgage applications decline 16.1%: Equifax

Mortgage demand fell during the December 2022 quarter, impacted by the central bank’s consecutive rate rises, Equifax says.

Government pledges super reforms to help housing investment

The federal government has laid out its objectives for Australia's $3.3 trillion superannuation.

LATEST PODCAST: Savings rates v mortgage rates

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgage market.

Cash rate hike speed ‘doesn’t matter much’, says RBA

The central bank says it’s the level of cash rate — not the speed it’s achieved — that matters, Australian senators have heard.

Risks to financial stability ‘are contained’, APRA suggests

Australians can “have confidence” in the financial system as ‘clouds loom’, regulator APRA has assured.

RBA not intent on ‘smashing Australia’ into recession: Lowe

RBA governor Mr Philip Lowe has defended the central bank’s tactics to ‘navigate the narrow path’, a senate committee has heard.

Aussies’ spending decline starts as fixed mortgage cliff nears

West Australians are spending significantly less in the new year thus far, latest Bankwest data has revealed.

LATEST PODCAST: A new aggregator giant forms

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgage market.

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