Finance News
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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What a fortnight it has been in the global banking space. It has certainly consumed each night on Money News. Credit Suisse has retained the title of world’s biggest banking basket case over the weekend, with a situation that at the time of writing looks to be resolved. In a deal worth $US3 billion,…
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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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As expected yesterday the head of the Reserve Bank Phillip Lowe gave us another "Lowe Blow", by increasing interest rates by another 0.25%. The official cash rate now sits at 3.35% and despite hopes that the RBA might let interest rates sit steady for a while, it looks like there are more increases to come in the next…
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Well, here we are, the end of another year! Many of us will be looking forward to seeing the back of 2022, a year in which the cost of living skyrocketed, taking the cost of housing with it. This put pressure on household budgets, particularly for those in retirement, or with high levels of…
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Are you a director of an Australian entity? If you are, or you’re not sure, keep reading. There are all kinds of directors in Australia. The obvious ones are directors of companies or trusts, but there are others as well. You could be a director if you run a charity, look after your local footy club, or…
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We’ve all heard by now that the RBA lifted interest rates again yesterday, this time by 0.25%, and I expect they’ll do the same again in December. We can see that the economy’s gears are starting to slow down, with property prices cooling and early signs that inflation might be calming down a bit…
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