RBA

Fewer first home buyers as property prices recover

For the first time this year, the monthly number of new loans to first home buyers has fallen, perhaps reigniting housing affordability concerns as property prices rebound.

By Dominic Beattie ● November 08, 2019

No Cup Day cash rate cut from the RBA

Australia’s central bank has not cut the cash rate at this month’s meeting, instead keeping it on hold at 0.75%.

By William Jolly ● November 05, 2019

Bank CEO hits back at Treasurer for ‘bank bashing’

The Chairman and CEO of non-major bank MyState has fired back at the federal government over its criticism of banks not passing on interest rate cuts in full.

By Emma Duffy ● October 18, 2019

Reserve Bank minutes reveal decision to cut rates was deeply debated, with concerns low rates could backfire

The Reserve Bank of Australia’s (RBA) October interest rate cut was deeply debated among board members who feared it may backfire, driving up house prices and failing to boost the economy.

By Emma Duffy ● October 15, 2019

Former ACCC Chair urges borrowers to consider non-bank lenders

If you’re wondering why your bank hasn’t passed on interest rate cuts in full, former ACCC Chair Graeme Samuel says fed up borrowers should take their business to smaller lenders.

By Emma Duffy ● October 15, 2019

Treasurer announces ACCC inquiry into mortgage prices

Treasurer Josh Frydenberg has today asked Australia’s competition watchdog to conduct an inquiry into the banking sector’s refusal to pass on recent interest rate cuts in full to its customers.

By William Jolly ● October 14, 2019

86400, Up Bank and BOQ the latest to cut interest rates on savings accounts

New digital banks 86 400 and Up Bank, plus Bank of Queensland have all slashed the interest rates on their market-leading savings accounts.

By Emma Duffy ● October 11, 2019

UBank cuts savings rate by 31 basis points

Popular online bank UBank has slashed the interest rate on its savings account products by 31 basis points – more than the official cash rate cut.

By William Jolly ● October 11, 2019

ANZ, CBA, NAB and more cut fixed rates post-cash rate change

While much of the focus has been on variable rates, there’s been plenty of cuts to fixed rates following the latest cash rate cut.

By William Jolly ● October 08, 2019

“Smaller lenders have actually done the right thing”: Treasurer Josh Frydenberg throws shade at the big four

Treasurer Josh Frydenberg has slammed the big four for not passing on the rate cut in full, as smaller lenders seize the moment.

By Emma Duffy ● October 04, 2019

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