Reserve Bank Governor Philip Lowe says it is “not unreasonable” to expect that interest rates will get cut further this year, although no decision has been made. “Much will depend on how the evidence evolves, […]
Historically low interest rates now in place in Australia will be a particular boon to the construction, manufacturing and retail sectors, economists say. The Reserve Bank of Australia cut rates by 25 basis points to […]
The rise of e-commerce, proliferation of smartphones and move away from cash by consumers is seeing payment network providers such as UnionPay International focus on innovation and security. In Australia alone, there are 8.3 billion […]
Commonwealth Bank has quickly passed on the Reserve Bank’s cash rate cut in full to its customers, suggesting it had little choice following the reputational damage that followed a series of scandals. While ANZ responded […]
The Reserve Bank of Australia has cut the cash rate to a new record low of 1.25 per cent and has hinted at another move if the jobs market does not improve soon. The central […]
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