The Commonwealth Bank of Australia (CBA) has revised its forecast regarding interest rate cuts by the Reserve Bank of Australia (RBA) and no longer expects a reduction before December 2024. …
finance
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- Finance
Inflation Returns to Target Levels for the First Time Since the Peak of the Pandemic
by adminInflation in Australia has reached its lowest point since the pandemic, decreasing to 2.8 per cent for the year ending in September, down from 3.8 per cent in June. This …
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Recent research indicates that major building companies in Australia face significant risks of becoming “zombie companies,” largely due to escalating costs and labour shortages. Data from KPMG Australia highlights a …
- Finance
ANZ Lowers Fixed-Rate Home Loans for Select Customers, Raises Rates on ‘High-Risk’ Offers
by adminANZ has made another adjustment to its fixed home loan interest rates, becoming the final major bank to lower these rates. However, the new, reduced rates are only available to …
- Finance
Over a Million Australians Have Yet to Submit Their Tax Returns as Deadline Draws Near
by adminWith just a week left until the October 31 deadline, over 1.5 million Australians have yet to submit their tax returns, putting them at risk of penalties. So far, 9.4 …
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Harrolds, a renowned Australian luxury fashion retailer, has entered liquidation, owing creditors over $12 million. The firm’s four divisions were placed into liquidation in early October due to challenges posed …
- Finance
International Monetary Fund Declares Global Battle Against High Inflation ‘On the Verge of Victory’
by adminThe International Monetary Fund (IMF) announced that the global battle against inflation has been largely won, with minimal impact on economic growth. Inflation rates in wealthy nations are projected to …
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As the cost of living continues to rise, the traditional Australian social custom of buying rounds at the pub is on the decline, sparking the phrase “the death of the …
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The burning question across Australia, especially for the 3.2 million mortgage holders facing a collective debt of $2.2 trillion, is: what will happen to interest rates? Predicting these rates has …
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Budget-friendly homeware options are enabling Australians to rejuvenate their spaces affordably, according to shopping expert Jo Munro, who recently appeared on the TODAY Show. Major retailers like IKEA, Kmart, and …
