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Economy

RBA suggests more rate cuts

The Reserve Bank’s statement on monetary policy for February suggests the cash rate is still not low enough.

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ME Bank chairman retires

Bernie Fraser has announced he will step down as ME Bank chairman after nearly 15 years.

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Adelaide Bank partners with Melbourne mortgage manager

Adelaide Bank has announced a new partnership with a Melbourne-based mortgage manager specialising in property investment.

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Big four veteran to drive Bendigo business banking

Bendigo Bank has announced the appointment for a newly-created head of business banking role.

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APRA approves Wide Bay bank status

The prudential regulator has consented to Wide Bay Australia Ltd’s transition to a bank.

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Bank modelling has RBA cutting rates to 1 per cent

The central bank’s decision to lower the official cash rate could signal a new downward trend.

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Economist forecasts ‘building boom’ in 2015

The pessimists might have to quieten down for the time being after building approvals reached record levels in 2014.

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Hockey urges all banks to pass on rate cut

Treasurer Joe Hockey has urged Australian banks to pass on the RBA rate cut “immediately”.

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Financial comfort level reaches record high

Improvements in job availability and security were key contributors to household financial comfort reaching its highest level ever, according to a report by ME Bank.

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Fixed-rate demand hits two-year low

An increasing number of borrowers are choosing to take out a variable-rate mortgage, as demand for fixed-rate loans hits a two-year low.

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