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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As we all know by now, the RBA hiked interest rates another 0.5% at its meeting earlier this week. And it’s probably not surprising that at the time of writing the ANZ, CBA and Macquarie have all passed on the rate increase to mortgage holders in full. Really, you can expect that all lenders…
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If, like many Australians, you’re starting to feel the pinch on rising costs like petrol and groceries, the bad news continues to come. The latest inflation figures were released yesterday revealing a CPI increase of 6.1% over the year to 30 June. That’s a record high, but it’s not the sort of record we…
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Rising interest rates and high inflation have been the themes of the year so far, and in the US tomorrow morning our time I expect the latest inflation figures to show a 9% rise, which will also likely trigger the Federal Reserve to increase US interest rates by a further 0.75% later this month. …
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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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