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Economy

More bank capital could trigger rate cut

A leading economist has claimed that the central bank could be forced to cut interest rates if the majors are forced to hold additional capital.

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Central bankers finding it hard to kick start growth

Deflation will threaten global markets throughout 2015 despite low interest rates and central bank stimulus, according to one expert.

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Little action forecast for housing market in 2015

Australia’s housing market is set for “a year of flat activity” in 2015, according to Domain Group senior economist Andrew Wilson.

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Small rise in mortgage demand: ABS

Demand for home loans experienced a slight increase during September, according to the Australian Bureau of Statistics (ABS).

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Consumers the winners from Murray report

The Financial System Inquiry’s final report is good news for consumers, according to the Customer Owned Banking Association (COBA).

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Pepper wins at CEO awards

Pepper co-group chief executive Patrick Tuttle has been named Financial Services Executive of the Year at The CEO Magazine’s 2014 Executive of the Year Awards.

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Major bank predicts 0.5 per cent rate cut

A second major bank has this week forecast that the official cash rate will fall to 2 per cent in 2015.

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Denovan slams Murray proposal to scrap SMSF borrowing

Leading financial services lawyer Jon Denovan has slammed the FSI’s recommendation to ban direct borrowing by SMSFs.

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Murray’s bank capital proposal to impact mortgage pricing

The Financial System Inquiry’s (FSI's) recommendation that Australian banks hold additional capital would lead to a rise in borrowing costs, according to the FSI final report.

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Murray attacks negative gearing

Negative gearing encourages “speculative investment” and poses a “systemic risk” to the economy, argues the Financial System Inquiry's final report.

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