Economy

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

Experts unanimously agree that the Reserve Bank of Australia will leave the cash rate on hold at today’s monthly board meeting.

Australia’s big banks appear to be faced with an “innovator’s dilemma” of whether to crush, ignore or co-opt the peer-to-peer sector.

China’s slowdown should not be seen as a sign the world’s most populous nation is headed for economic instability, says global asset manager AB.

Peer-to-peer lending is expected to enjoy exponential growth as healthy margins attract new players to fill niches left untouched by the big banks.

The disruption of traditional banking has continued with the launch of an online credit platform that targets the small business sector.

Interest rate cuts in February and May have added about $8,000 to house prices in Sydney and Melbourne, according to new research.

ING Direct has introduced “one swipe” banking to give customers using Apple devices the ability to easily check and manage their finances.

New data by Mortgage Choice reveals the majority of Australians are worried about their financial situation.

Lenders believe third-party mortgages will gain a 60 per cent market share due to their new focus on sticking close to brokers.