Another welcomed cash rate hold as Lowe departs

Another welcomed cash rate hold as Lowe departs

The central bank has announced its decision to hold the official cash rate as the RBA governor wraps up his tenure. The Reserve Bank of Australia (RBA) has decided to hold the official cash rate at 4.1 per cent, in a decision that was widely expected by the...
Is competition driving the drop in cashbacks?

Is competition driving the drop in cashbacks?

ANZ, MFAA comment on offer reduction ANZ has explained the rationale behind its decision to reduce its home loan cashback offer, citing competition as a contributing factor. According to RateCity.com.au data on Tuesday, the number of lenders cashback offers in the...
RBA holds cash rate steady

RBA holds cash rate steady

The Reserve Bank has paused the cash rate yet again as it waits to assess the impact of the previous 12 hikes. Following its August monetary policy meeting today (1 August), the Reserve Bank of Australia (RBA) has decided to hold the official cash rate steady at 4.1...
Banks launch anti-scam campaign

Banks launch anti-scam campaign

The Australian Banking Association (ABA) has launched a new campaign to raise awareness about scams. This is a very topical issue, with Scamwatch receiving 14,603 reports about bank impersonation scams in 2022, resulting in more than $20 million in losses, according...