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Interest repayments on household debt are set to continue increasing as more fixed-rate mortgages roll onto higher rates, the central bank has said.

The open banking specialist has been purchased by payment services fintech Fat Zebra to drive ‘data-driven’ payments in Australia.

Although the official cash rate remains unchanged, the RBA governor has flagged that more rate increases are still possible.

The RBA is expected to leave the official cash rate unchanged at its first board meeting of 2024.

The chief executive of the non-bank lender has announced the lender’s next chief financial officer.

The first week of February 2024 saw the second-busiest start to the auction season on record, according to CoreLogic data.

Despite rising home values, new home lending volumes dropped in December 2023, new ABS figures have shown.

A $400 million medium-term note transaction has been raised by a mutual lender, the largest deal of its kind by an Australian mutual.

The two customer-owned lenders are exploring a merger in a bid to benefit from economies of scale and create “Australia’s leading purpose-driven bank”.

Australia’s western state has led the charge in home value growth for yet another month.

Building approvals took another hit in December following two months of gains.

ELNOs need to be ready for full interoperability for key documents by 31 December 2025, according to a new mandate.

The major banks have recorded the first month of positive loan book growth across the board since July 2023.

The lower-than-expected CPI figures will likely convince the RBA to hold the cash rate in February, economists have said.

The ABS has revealed the smallest quarterly rise in the CPI since 2021.