Interest Rates, Consumer

• Ian Rogers

The net interest margin earned across the totality of all credit card and charge card businesses is a shadow of what it once was. read more

• 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

• John Kavanagh

Two-thirds of Australians with retail bank savings accounts have never changed their accounts, despite the opportunity to earn more interest with another product or ADI. read more

• John Kavanagh

A court has found that a short-term commercial loan with a compounding interest rate of more than 70 per cent a year was unconscionable - “utterly crushing” for the borrower and far in excess of what.. read more

• John Kavanagh

The latest home loan pricing data suggest lenders are still jostling to win business. read more

• John Kavanagh

Top rates on longer-dated term deposits came down last month and while there was mix of increases and decreases in at-call rates, some of the cuts were applied to products offering high rates. read more

• John Kavanagh

Even if the cash rate and loan interest rates do not move any higher in this monetary policy cycle, payments on household debt as a share of household income will continue to rise through 2024, says t.. read more

• John Kavanagh

Lenders have pursued different interest rate strategies for their variable rate and fixed rate mortgage products over the past couple of months, with variable rates going up and fixed rates coming dow.. read more

• George Lekakis

Macquarie Bank appears hellbent on continuing to build market share across its mortgage lending business this year following a decision to cut the cost of most of its variable rate home loans. read more

• Ian Rogers

The yawning gaps and slender recommendations in the final report of the ACCC’s deposits inquiry mean there will be little change in the disparities and the dissatisfaction plaguing the deposit taking.. read more

• John Kavanagh

APRA will maintain its 3 per cent mortgage serviceability buffer, saying it remains prudent given the uncertain economic and geopolitical outlook. read more

• John Kavanagh

The Reserve Bank’s decision to increase the cash rate by 25 basis points in November, after leaving the rate unchanged for four months, served as an opportunity for some banks to restore their margin.. read more

• John Kavanagh

The latest round of increases to savings rates, coming at a time when inflation is falling, means there is a growing number of deposit takers offering accounts that pay a real rate of return. read more

• John Kavanagh

Mortgage payments as a proportion of household disposable income reached an all-time high in the September quarter, and the Reserve Bank forecasts the proportion of income going to payments will keep.. read more

• John Kavanagh

Cross-border payments specialist Airwallex hopes to win more of its clients’ business, with the launch of a multi-currency cash management account. read more

• John Kavanagh

The Mozo Banking Roundup reported that for the third month in a row, most changes to at-call savings and term deposit rates were cuts. read more

• George Lekakis

Macquarie Bank has hiked its range of fixed interest home loans for the second time in less than 30 days. read more

• John Kavanagh

Consumers and business owners would have liked their banks to pass on more of the cash rate increase over the past year in the form of higher deposit rates, but it turns out Australian savers have don.. read more

• John Kavanagh

Home loan borrowers are betting that the monetary policy tightening cycle has ended, opting for variable rate loans in record numbers. read more

• John Kavanagh

The vast majority of home loan borrowers who have rolled off fixed rates have managed the transition to higher rates well, and borrowers with fixed-rate loans yet to roll off do not appear materially.. read more