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Australia Consumer Sentiment Climbs Even as Trump Clouds Outlook
1 month, 1 week ago

Australia Consumer Sentiment Climbs Even as Trump Clouds Outlook

Live Mint  

Australia’s consumer confidence rose in November, building on last month’s gains as households are no longer concerned about the risk of further interest rate increases, though Donald Trump’s election victory caused some uneasiness. The details showed that consumer sentiment was “markedly higher” at the start of the week with an index reading of 99.7 but posted a sharp fall following …

Consumer Trump
Australian banks close hundreds of branches and ATMs as services move online
2 years, 2 months ago

Australian banks close hundreds of branches and ATMs as services move online

ABC  

More than 1,600 bank branches closed nationally in the past six years, new data shows, with 309 branches axed in the last financial year alone. Key points: More than 300 bank branches closed nationally in the last financial year Banks also closed 963 ATMs last year as services moved online Australia has seen a 30 per cent drop in branch …

Services Banking Online Cent Banks Victoria Close
ANZ half-year profit jumps; ASX loses ground after Wall Street makes modest gains
2 years, 7 months ago

ANZ half-year profit jumps; ASX loses ground after Wall Street makes modest gains

ABC  

ANZ has seen half-year net profit surge, the ASX has fallen, while the US Federal Reserve is set to raise US interest rates again at this week's meeting. Key points: ANZ half-year net profit rose 20pc to $3.5 billion, paying a half-year dividend of $0.72 fully franked The Dow Jones index rose 0.2pc to 33,129, the S&P 500 was up …

Bank Interest Rates Interest Sales Profit Cent Fed
RBA raises cash rate by 0.25 percentage points causing mortgage interest rates to rise
2 years, 7 months ago

RBA raises cash rate by 0.25 percentage points causing mortgage interest rates to rise

Daily Mail  

Three of Australia's big four banks have so far passed on the full official interest rate rise to their home loan customers. Commonwealth, Westpac and ANZ all announced their variable home loan interest rates will increase by 0.25 percentage points, in line with the official cash rate rise announced by the Reserve Bank of Australia. ANZ followed CBA by passing …

Financial Markets Bank Loan Mortgage Interest Rates Interest Rising
Inflation surge could see super-sized interest rate hike in June, economists warn
2 years, 7 months ago

Inflation surge could see super-sized interest rate hike in June, economists warn

ABC  

The latest official inflation figures are expected to be the highest since the global financial crisis, and at least one leading economist has warned they could trigger an extra large first interest rate hike from the Reserve Bank. Key points: The typical forecast is that consumer prices rose 4.6 per cent over the past year Economists expect that the inflation …

Inflation Bank Interest Rates Interest Price Hike Cent