Surcharging on debit and credit cards will be outlawed within six months, after the Reserve Bank of Australia pushed ahead with sweeping reforms to slash […]
Tag: bank
Consumers prepare to leverage rate cut to boost finances
Data from Commonwealth Bank (CBA) has revealed that following the February rate cut, some customers adjusted direct debit payments, putting some extra cash in their […]
Rate rise ‘will make life harder for people who are already doing it tough’: Chalmers
Treasurer Jim Chalmers says he understands the rate rise will be difficult for mortgage holders, and that the government is doing its bit to reduce […]
RBA says some non-bank home lenders are cutting loan standards
The Reserve Bank says more risky home loans could end up on the books of less regulated non-bank lenders, as some of these challengers to […]
World economy at ‘critical and perilous juncture’, peak central bank warns
Interest rates will have to keep rising to stop the “insidious” damage caused by inflation, the world’s key central bank has signalled while warning businesses […]