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SYDNEY, AUSTRALIA -  Newswire Photos MARCH 14 2023 - A member of the public is seen buying produce and groceries in Sydney as the Cost of living continues to rise. Picture: NCA Newswire / Gaye Gerard.
Business

Experts make major rate call

Aussies are doing what the Reserve Bank of Australia is asking and cutting back on spending, but they might need to wait nine months for a reduction on their mortgage.

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Companies
SYDNEY, AUSTRALIA : NewsWire Photos - SEPTEMBER 25 2024 ;A general view of the ASX in the CBD in Sydney after Rates were put on hold by the Reserve Bank yesterday. Picture: NewsWire / Gaye Gerard

ASX 200 down; Nuix, MinRes among worst decliners

ASIC warns of broader Cbus-like issues as super gint agrees to Senate hearing. Johns Lyng gets second strike. MinRes to mothball WA mine, 300 jobs impacted. Nuix sinks 20pc-plus despite CEO assurance. WiseTech hit with class action.

Banking
SYDNEY, AUSTRALIA - NewsWire Photos December 11, 2020: Commonwealth Bank Signage at a branch in the Sydney CBD. Picture: NCA NewsWire / James Gourley

Major Aussie bank posts mammoth profit

One of Australia’s Big 4 banks has posted a mammoth statutory profit for the first financial year quarter, asserting the economy is “fundamentally sound” despite cost of living pressures.

Banking
SYDNEY, AUSTRALIA - NewsWire Photos December 11, 2020: Commonwealth Bank Signage at a branch in the Sydney CBD. Picture: NCA NewsWire / James Gourley

Major Aussie bank posts mammoth profit

One of Australia’s Big 4 banks has posted a mammoth statutory profit for the first financial year quarter, asserting the economy is “fundamentally sound” despite cost of living pressures.

Original URL: https://www.themercury.com.au/business/markets/page/2