Economy

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

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

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

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

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

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

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

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

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

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