Economy

In case you missed it… softening inflation, poses a ‘dilemma’ for RBA, borrowers receive apology from the Reserve Bank, brokers facilitated more than 70 per cent of mortgages, and more

Household financial stress will ratchet higher as rates increase and would then be impacted by any downturn in the labour market, Westpac Bank has warned.

RBA governor Philip Lowe has issued an apology to borrowers who “acted on what we’d said and now regret what they had done.”

The third-party channel has broken 70 per cent market share for the first time in history, new MFAA data shows.

Data averages are ‘masking’ increased mortgagor stress levels over their home loan debt, a NAB behavioural economist has explained.

The central bank’s monetary policy approach has been criticised, the panel responsible for the review has revealed.

Making news this week … high inflation “only temporary”, RBA says, ‘mortgage stress’ highest since pre-pandemic, RBNZ delivers biggest rate hike yet, tighter regulation push for BNPL, ...

While current high inflation came as ‘a shock’ its pressure could get ‘more variable’, the central bank has warned.

New Zealand’s central bank raised the official cash rate by a record 75 bps to 4.25 per cent.

The think tank has firmly laid down its economic productivity suggestions on the eve of RBA governor Philip Lowe’s CEDA dinner speech.