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One of Australia’s big four banks has announced a major interest rate hike following last week’s move by the Reserve Bank.
BANKS
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One of Australia’s biggest banks has followed the lead of its competitors and cut variable mortgage rates — but there’s a catch.
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Westpac Bank is decreasing its interest rates for Australians looking to buy into the bank’s Flexi First variable home loans.
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Deep divisions are emerging among some of Australia's leading bank economists on their outlook for interest rates and the Australian economy.
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The 24-hour period following any change in the Reserve Bank’s cash rate is a fascinating window into the conduct of the four large banks.
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Bank ruling that borrowers don’t have to show they can afford steep repayment hikes raises questions over how to curb excessive borrowing.
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ANZ Bank’s move to secure Suncorp’s banking arm for $4.9 billion is set to face tight regulatory and political scrutiny before it gets the green light.
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With the average Australian clearly concerned about the coming rate hikes, what does this mean for the Australian finance sector?
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Australian families are being stretched to the limit as cost of living pressures skyrocket but according to one bank boss, it’s no big deal.
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Overheated wages and spending data has convinced ANZ economists next week’s interest rate rise will be far stronger than initially forecast.
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Homebuyers could find it even harder to get a loan as rising interest rates prompt Australia’s major banks to tighten their lending standards.
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All of the big four banks have announced they will be passing on the cash rate increase in full to variable rate home loan customers.
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