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First home buyers using the Home Guarantee Scheme have been able to lower their housing costs as they move from renting to owning. read more

APRA has granted South Korea’s NongHyup Bank a licence to operate as a foreign authorised deposit-taking institution. read more

The RBA is getting involved in a second central bank digital currency project in a year, shifting its focus on this occasion to the domestic market. read more

Open banking participant Frollo has started to phase out the use of screen scraping in its services, saying open banking data is reaching critical mass and tighter online banking security measures are.. read more

Banks’ funding costs have returned to pre-pandemic levels, with yields on bank bonds, mortgage-backed securities and at-call and term deposits all rising in recent months. read more

A change to the Reserve’s Bank approach to inflation targeting is an unlikely outcome of the RBA review, despite calls for a change, Moody’s Analytics said in a commentary on the upcoming review. read more

Borrowers are not sitting idly as their mortgage rates rise. Refinancing rates have been high over the past few months and hit a record in June. read more

New business volumes on mortgages are down by 7 per cent from a January peak. read more

Mortgage market competitive dynamics are changing in the face of rising interest rates. read more

Foreign banks maintained asset growth in Australia in 2021 but the rate of growth was well below the 2020 level, according to Minter Ellison’s latest Foreign Bank Tracker. read more