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Economy

Bank volumes keep rising, non-bank volumes keep falling

Non-bank lending has fallen to its lowest levels in nine years and is now almost 19 per cent below its pre-GFC peak.

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Don’t bet on rate cuts, says big four bank

Commonwealth Bank has bucked the trend by forecasting that the Reserve Bank of Australia is unlikely to cut interest rates in 2015.

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Interest rates about to fall, says prominent analyst

Markets now think it is a “dead certainty” that the Reserve Bank of Australia will cut interest rates by April.

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Housing boom boosting consumer confidence

One analyst has claimed that “a very high correlation” exists between house prices and consumer sentiment.

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Vertical integration good for consumers: bank lobby

Australia’s biggest banks have launched a passionate defence of their wealth management business models.

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Top economist calls for 2015 rate cut

Record-low interest rates will probably be needed to keep the economy on track, according to Shane Oliver.

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Regional bank appoints new CEO

Bank of Queensland has announced the appointment of Jon Sutton as its chief executive, effective immediately.

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Mortgage and wealth group improves funding supply

Centrepoint Alliance has secured a new funder and increased its finance facility by 30 per cent.

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Credit ombudsman increases compensation limit by 10pc

The Credit and Investments Ombudsman has announced an increase in the monetary compensation limit available to complainants to $309,000.

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RBA rate announcement hold

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

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