Banks make $10m a day on slow rate cut
Going slow on rate cuts could be good for the major banks as they cash in millions for every day homeowners wait for a mortgage reduction to be passed on.
Breaking News
RBA boss’ two words to Aussies after rate cut
Under-the-pump Australian homeowners have received a rate cut, but Michele Bullock has delivered a stark two-word warning about the future.
RBA boss’ two words to Aussies after rate cut
Under-the-pump Australian homeowners have received a rate cut, but Michele Bullock has delivered a stark two-word warning about the future.
‘Serious mistake’: Surprise scene outside RBA
Unions and interest groups ratcheted up the pressure on the Reserve Bank ahead of its decision to cut interest rates.
More Stories
Huge number of Aussies needing a rate cut
A huge number of Aussie households have said they are desperately needing a rate cut when the Reserve Bank next meets.
ASX snaps three-day winning streak
The Aussie sharemarket has snapped a three-day winning streak as consumer-facing stocks and an “unloved” mining sector drag the index lower.
‘Kick into action’ warning over housing fail
Australia has already fallen behind its newly created housing target, and if things don’t improve dramatically, the shortfall will be staggering.
How $900m deal could turn Myer around
Two of Australia’s biggest retailers have agreed to a merger as tough retail conditions continue to cut into the sales of both companies.
650 jobs to go as iconic Aussie brand axed
An iconic Aussie clothing brand is closing its stores after a buyer was unable to be found for the chain, with hundreds to lose their jobs.
Shock super amount Aussies can retire on
Australians will likely need less superannuation than they think to maintain their current lifestyle, but there is a major caveat.
Trump lifts ASX for third straight day
Australian sharemarket firmed on Wednesday, as Donald Trump helped the strong performance by Australia’s tech sector and uranium shares.
Australia’s most valuable brand revealed
The brand value of Australia’s two major supermarkets has slumped considerably, leaving the door open for a new No.1.
Major update for Catch mobile users
Here’s what the impending closure of online retailer Catch means for customers using the Catch Connect mobile network.
Faltering dollar ‘unlikely’ to sway RBA
Australia’s weak dollar could see inflation tick up slightly, but it is unlikely to move the RBA on its next rate cut decision, a leading economist says.
Original URL: https://www.themercury.com.au/business/breaking-news/page/12