Interest rates could fall further than the Reserve Bank is comfortable with after the latest OCR announcement, economists say.
The Reserve Bank has kept its word and increased the official cash rate. It has also indicated there will be a pause in this tightening cycle. Here is what governor Graeme Wheeler said.
In Mortgage Rates Radio this week Philip Macalister reports on a new development around bank cash contributions; previews this week's OCR and what it means for borrowers; and has a welcome change of approach from one bank.
You can expect the Reserve Bank to hike its official cash rate next week, and floating rates will follow suit. However, what the central bank says and where interest rates will go after next week is less certain.
Former mortgage broker Kerry Buddle has been given a stiff jail sentence.
HSBC no longer has sales targets for its staff, and instead has introduced what it calls a holistic approach to treating clients.
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