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Economy

Low population growth to curb house price rise: RBA

The RBA governor has indicated that he does not expect to see a substantial increase in house prices due to soft population growth amid the COVID-19 crisis.

Low population growth to curb house price rise: RBA
Australia no longer in recession

The Australian economy saw strong growth in the September quarter, officially bringing the country out of recession.

Australia no longer in recession
RBA announces December cash rate decision

The Reserve Bank has announced its cash rate decision for the month of December, staying in line with market expectations.

RBA announces December cash rate decision
Economy poised for ‘sustainable’ recovery: Moody’s

The Australian economy is unlikely to see a “lasting drop” in potential growth due to the COVID-19 crisis and should see a sustainable recovery, according to new analysis.

Economy poised for ‘sustainable’ recovery: Moody’s
COVID-19 economic crisis not Great Depression: CBA

A CBA economist has revised his economic outlook to paint a more optimistic picture amid the COVID-19 crisis, and dismissed comparisons with the Great Depression.

COVID-19 economic crisis not Great Depression: CBA
Strong mortgage demand bucks credit trend

The demand for mortgages has remained strong during the September quarter despite weaker overall consumer credit demand, according to data.

Strong mortgage demand bucks credit trend
Majors saw no net mortgage growth in NSW in October

Despite October 2020 recording the highest level of mortgage activity this year, the major banks saw zero net growth in volume, according to new data.

Majors saw no net mortgage growth in NSW in October
APRA updates guidance for bank equity investments

The prudential regulator has provided guidance on the interim capital treatment of new or additional equity investments in banking and insurance subsidiaries.

APRA updates guidance for bank equity investments
Judo Bank is Jump Starting Business Growth

Promoted by Judo Bank, Australia’s dedicated business bank. Judo Bank is helping businesses realise growth opportunities with their broker value proposition and applying a common sense ...

Judo Bank is Jump Starting Business Growth
RBA reflects on falling business credit demand

The Reserve Bank of Australia has noted that while there are record-low interest rates on SME loans, there is still subdued demand for business credit.

RBA reflects on falling business credit demand
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