Finance News
If you're a Commonwealth Bank shareholder you'll be happy to hear the bank has returned a $10 billion profit and a lift in dividend – great news for many Australians who have exposure to CBA via their super funds or direct investment. There was caution in the comments from CEO Matt Comyn, who said, "…there are signs…
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Despite the repeated "Lowe blows" over the past year, it's fair to say we weren't expecting yet another one yesterday. And yet, that's exactly what we got, with RBA Governor Phillip Lowe announcing the bank had decided to raise interest rates by another 0.25%. This is needed, he says, to continue battling inflation, which despite easing isn't…
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As we digest the news of the RBA pausing rates we wonder if it might have been an 11th hour decision – with retail & inflation numbers last week being the straw that broke the camel’s back – then to confirm the hold the Porter Davis disaster. But in avoiding an 11th monthly increase it’s finally…
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Most days if I said you were getting 10 out of 10, you’d be pretty pleased with your performance. But yesterday the Reserve Bank board handed down yet another interest rate rise, for the 10th consecutive meeting. And that was not the scorecard that mortgage holders wanted to hear. What does it mean when your lender…
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Yesterday the RBA released the minutes from its February meeting which revealed the RBA Board was seriously thinking about a 0.5% rates increase. Their argument was to combat the inflation challenges we are facing and explained that wages data exceeding expectations, as well as a risk that high prices "in the cost of living" would persist. These, amongst others, were all…
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Happy Financial New Year! Or is it? Higher interest rates, record high gas and electricity bills, higher petrol prices and the cost of food soaring – where’s the happiness in that? The upside is that we are at 40-year lows for unemployment, which means if someone wants a job, they can have one, but it…
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I hate to say I told you so. Last week I suggested you should brace yourself for a 0.5% interest rate increase, and unfortunately, I was right. For many mortgage holders the days of cheap money are well and truly over, and now we could see families and singles – particularly first home…
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Unless you’ve been living under a rock this week, you will have heard that the RBA has lifted interest rates for the first time in a decade. Our official rate is now 0.35%. Similarly, the US Fed lifted rates to 0.75%-1% and the Bank of England lifted their benchmark to 1%. Higher cash rates…
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