Interest Rates, Business

• Ian Rogers

While strange at first glance, the upswing in insolvencies in businesses dependent on mining is a function of broader stress from restrictive monetary policy. The May 2024 Business Risk Index from Cre.. read more

• George Lekakis

Australian businesses are continuing to flee ING Bank after tolerating years of uncompetitive rates on savings and term deposit accounts. read more

• George Lekakis

CBA deployed an extreme deposits pricing strategy in the six months to the end of December 2022, resulting in small business and household accountholders subsidising higher interest returns to the ban.. read more

• George Lekakis

The RBA has adjusted the way it communicates forward guidance for monetary policy and narrowed most of that guidance to cover months rather than several years after an internal review found shortcomin.. read more

• John Kavanagh

Consumers might feel that they have been short-changed by their banks on deposit rate changes, with increases on average well below the rise in the cash rate since May, but business customers have far.. read more

• John Kavanagh

Australian corporates are well placed to meet their debt obligations, in the face of rising interest rates and a softer economic outlook, according to new research.  read more

• Ian Rogers

‘Open market operations’ such as reverse repos will now be conducted weekly – on Wednesdays – with banks by the Reserve Bank of Australia. The new system kicks in next week, on 6 October. read more

There has been no shortage of commentary about the likely outcome of Tuesday’s Reserve Bank board meeting, with most pundits expecting the cash rate target to be cut to 10 basis points. read more

• George Lekakis

ING Australia's decision to hike upfront fees paid by commercial borrowers could herald a new trend in the local banking industry that is bound to rankle small business advocates and the Morrison gove.. read more

• George Lekakis

Federal Liberal MP Craig Kelly yesterday exposed a damaging and potentially explosive new issue for the National Australia Bank during Phil Chronican's maiden appearance before the house economics com.. read more

• George Lekakis

As mortgage growth slows in Queensland and other state markets across Australia, Suncorp has moved to stoke its overall loan volumes by aggressively repricing its line of business credit products. read more

• Banking Day staff

Anna Bligh takes over from Steven Münchenberg as chief executive of the Australian Bankers Association next Monday. read more

• Bernard Kellerman

NAB is to become the first of the Big Four banks to change its home loan interest rates in the current cycle. read more

• Banking Day staff

FlexiGroup has priced a new series of asset-backed floating-rate notes, backed by consumer finance loans. read more

• Ian Rogers

An American executive with a PayPal pedigree is joining the team at Tyro Payments. Kareem Al-Bassam will be the loss-making bank's new head of product. read more

• Banking Day staff

CBA is to increase the rates of its investor loans for residential property. read more

• Ian Rogers

"Around half" of August's cash rate reduction has made it through to advertised housing lending rates and business lending rates, the RBA observed in its quarterly Statement on Monetary Policy. read more

• John Kavanagh

Treasury has issued an exposure draft of new regulations reflecting changes to the Farm Management Deposit scheme and has called for submissions. read more

• Ian Rogers

All the heat of the Economics Committee of the House of Representatives will be thrown at Australian bank chief executives when they make their annual appearance before it.  read more

• Banking Day staff

Compared to the second quarter of 2015, the percentage of credit card loans at least 30 days late increased during 2Q 2016 at many large credit card issuers. read more