Federal Budget

Government must borrow and spend

Departing Reserve Bank of Australia (RBA) Governor Glenn Stevens used his farewell speech to implore Prime Minister Malcolm Turnbull to borrow and spend to dial up growth.


Calls for fairer credit card system

Australians caught in a ‘credit card trap’ could soon experience some relief, as a Senate committee calls on the Government to focus on responsible lending and end credit card price gouging.


Ageing population a global problem

According to the Reserve Bank of Australia (RBA) low interest rates coupled with an ageing population is proving problematic for the global economy.


Westpac’s rate increase “greedy”

Westpac is facing harsh criticism in the wake of its decision to slug borrowers with a 0.20 per cent mortgage rate increase – and there’s fears that other banks will follow suit.


Top suburbs for mortgage arrears

If you live in Tasmania and are having problems meeting your mortgage payments, you’re not alone, with the state the worst performing on the scale of mortgage arrears.


RBA call to reduce credit rates

The Reserve Bank of Australia (RBA) has called out the big banks for not reducing credit card interest rates in line with lower cash rates and reduced funding costs.


RBA probed over interest rates

While credit card cash rates are low, interest rates remain high, raising questions on whether Australia's big four banks are “gouging” consumers.

Banking & Investment

No relief for savers

As the Reserve Bank meets today to decide on the cash rate, those who hold mortgages are hoping for a cut, but the news for those relying on savings to generate an income, is only getting worse.

Finance News

Locking in low interest rates

If you're still paying off a mortgage, the low interest rates are good news, but is it worth looking to fix your rate?

Banking & Investment

Big banks delay rate cuts

Two of Australia’s biggest banks are expected to profit $68 million by not passing on the rate cut to customers until 17 days after the Reserve Bank decision.


RBA cuts interest rate to record low

In a move aimed at stimulating economic activity, the Reserve Bank of Australia has cut the 2.5 per cent cash rate by 25 basis points to a new record low of 2.25 per cent.


Rate cuts call for action

Many banks are cutting the rates offered on online savings accounts, so it pays to see if you can get a better rate elsewhere.

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