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As markets tumble, RBA keeps rates on hold at record low of 1.5pc

As markets tumble, RBA keeps rates on hold at record low of 1.5pc

by Shared by ABC Online. | Feb 7, 2018 | News

The stance was widely anticipated, with the futures market pricing in zero chance of a move and not one economist surveyed by the Bloomberg or Reuters news agencies forecasting a shift in policy from the bank.Read the full article on ABC Online.
Australians in financial strife on the rise with bankruptcies up 6pc in 2017

Australians in financial strife on the rise with bankruptcies up 6pc in 2017

by Shared by ABC Online. | Jan 31, 2018 | News

The increase follows an almost 5 per cent rise in 2016.Quarterly data released by the Australian Financial Security Authority paints a starkly different picture from the generally more upbeat numbers elsewhere in the domestic economy.Read the full story on ABC...
ASIC survey finds banks’ ’in-house’ product referrals still failing best interest test

ASIC survey finds banks’ ’in-house’ product referrals still failing best interest test

by Shared by ABC Online. | Jan 25, 2018 | News

The corporate regulator, Australian Securities and Investments Commission (ASIC), has conducted a survey of conflicts of interest within the big banks and AMP.Read the full story at ABC online.
Still no way for public to have say in banking royal commission

Still no way for public to have say in banking royal commission

by Shared by ABC Online. | Jan 15, 2018 | News

While the major banks and some advocacy groups were invited to prepare submissions weeks ago, members of the public still have no way to lodge their complaints.Read the full article on ABC Online.
Australian dollar in 2018-19: Experts clash on whether it will crash or surge

Australian dollar in 2018-19: Experts clash on whether it will crash or surge

by Shared by ABC Online. | Jan 9, 2018 | News

When surveying currency experts from nine different banks, the ABC heard nine wildly different forecasts on where the local currency is headed.Read the full article on ABC Online.
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