Major bank posts huge profit
As Aussies battle spiking mortgage costs, one of the big four banks has reported a $1.9bn profit.
Interest Rates
Why Reserve Bank kept rates on hold
The RBA toyed with the idea of raising the cash rate again this month, before ultimately deciding to keep it steady.
RBA governor slammed over big banks stance
The Greens have hit out at the outgoing Reserve Bank governor over his support for the big banks while Australians are facing a worsening housing crisis.
News no homeowner wants to hear
They’re questions we all want answered – how long rates will stay high, when they’ll be cut and by how much. But the news isn’t good.
More Stories
How the economy was pulled back from the brink
The pandemic was fundamentally a health crisis, but for financial regulators it was impossible to predict the impact on the economy.
Why rising bond yields won’t deter the RBA
But while the 10-year bond yield will hit 3 per cent by 2024, central banks are prepared to ‘risk the wrath of the markets’, according to Westpac’s Bill Evans.
Loan scheme ‘right product for times’
Australia’s banking industry has welcomed the federal government’s new version of the small business coronavirus loan scheme.
Big worry on booming house prices
Australia’s house prices continue to soar. The RBA boss says an interest rate rise is not on the cards, but he has other worries about the market.
ASX up despite tech weakness
The ASX gained ground despite ongoing weakness in the tech sector in multiple global markets, with banks the standout performer locally.
Major bank’s incredibly low home loan rate
One of the nation’s major banks has slashed its fixed home loan rates and is now offering some of the most lucrative rates in the lending market.
Aussies turn backs on credit cards
New figures reveal Australians are not only paying billions off their credit cards but are ditching them altogether.
ASX falls for second straight day
An extremely volatile session on Wall Street, which hammered tech stocks, rubbed off on Australia’s sector, helping send the ASX lower.
Original URL: https://www.couriermail.com.au/business/economy/interest-rates/page/188