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Making news this week (ending 22 July)

Making news this week (ending 22 July)
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Treasurer launches RBA review, Suncorp Bank to be sold to ANZ, the RBA governor signals a boost in productivity is needed, industry welcomes RLO certainty, ANZ tips cash rate to pass 3%.

 

 

RBA Review will 'refine and reform' rather than revolutionise: Treasurer

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The terms of reference for the RBA Review have been outlined by the Federal Treasurer, focusing on inflation targets, mandates, culture, and board make up.

Suncorp Bank to be sold to ANZ

Suncorp has signed an agreement to sell its bank to ANZ

Boosting productivity will help steer inflation back down: Lowe

The RBA governor has carved a path out of high inflation that involves more rate rises and a boost to productivity.

Industry welcomes RLO certainty

Members of the banking and broking industry have welcomed the Assistant Treasurer's confirmation that responsible lending obligations will not be repealed.

Cash rate to pass 3% by November: ANZ

The major bank has revised its cash rate forecast, now expecting the Reserve Bank to hike rates to 3.35 per cent by November.

More on Economy
28 November 2024
The housing market may finally be seeing some easing of pressure as yearly inflation saw minimal growth.
27 November 2024
Economists expect today’s (27 November) monthly CPI print to return still within the RBA’s target range of 2–3 per cent
25 November 2024
Two major banks have pushed back the timeline for the first rate cut.