Why are the banks waiting to pass on the Reserve Bank's rate cut?
The big banks wasted no time in announcing they would cut rates for mortgage borrowers after the RBA reduced the cash rate on Tuesday. So why haven't the changes taken effect yet?
Weekly economic and financial commentary
Residential construction and existing home sales were muted in January, illustrating continued stress on the housing market amid elevated mortgage rates. Despite the pressure on ...
Reserve Bank offers coalition a lifeline, but National’s funny calculations show economy isn’t as good as it thinks – Thomas Coughlan
Thomas Coughlan, Deputy Political Editor at the Herald, loves applying a political lens to people's stories and explaining the way things like transport and finance to ...
Australia, NZ dlrs scale two-month highs, RBA hawkish on easing
SYDNEY, Feb 21 (Reuters) - The Australian and New Zealand dollars hovered near two-month highs on Friday as worries about a global trade war abated a little, while Australia's central bank sounded a ...
There’s a Welcome Glimpse of Normality in Asia
Crises are wrenching, and instructive — but not the only thing going on. Three central banks in Asia displayed some ...
Bullock concedes RBA too slow to raise rates against inflation
The Reserve Bank governor said one of the reasons the board cut the cash rate this week was because it did not want to be too ...
Victoria not performing well: Bullock
Michele Bullock says the Victorian economy is not performing as well as others; Peter Dutton backs $2.4 billion Whyalla rescue package but not “Whitlamesque” equity proposal. How the day unfolded.
RBNZ chief economist says data consistent with pick-up in economy
High-frequency data is consistent with the central bank's view that New Zealand's economy bottomed out in the middle of 2024 ...
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Reserve Bank ends New Zealand’s house price crash
The Real Estate Institute of New Zealand’s (REINZ) house price index (HPI) for January was released this week. Nationally, ...
‘Do better’: Reserve Bank governor says retail banks' profit margins should be cut
Governor of the Reserve Bank Adrian Orr says retail banks need to consider cutting their profit margins and “do better” - and ...
Fed Wants More Gains on Inflation Before Cutting Rates, Minutes Show
The Federal Reserve wants to see "further progress on inflation" before deciding to cut interest rates again, according to the minutes from a two-day meeting of its rate-setting committee that ended ...
Free Malaysia Today2d
Yen climbs on BOJ outlook, yuan helped by prospect of trade deal
Investors have been gradually adding to bets that the Bank of Japan could hike rates sooner rather than later.