As we reach the end of the financial year, we’re also staring down the next cash rate decision from the Reserve Bank of Australia (RBA), which will determine whether it’s time for a third rate cut, as NAB has forecasted, or as Commbank, ANZ and Westpac predict, whether the board will hold steady until the August meeting.
This week, 44 more lenders moved to pass on the Reserve Bank of Australia (RBA)’s latest 0.25% rate cut, with the average variable home loan rates one cut away from starting with 5 – but that doesn’t mean your repayments have dropped. From mortgage cuts that aren't flowing through to savings base rates being slashed, we break down what’s been happening behind the scenes this week in banking.
This week we’re back with another bumper edition of Money Moves, as just over one week after the Reserve Bank of Australia (RBA) delivered the rate cut, mortgage relief is finally starting to kick in.
Welcome back to Mozo Money Moves, your weekly personal finance wrap that dives into the data, to share what’s been happening behind the scenes in retail banking.
Welcome to Money Moves, your weekly rundown of what’s shifting in the world of interest rates and financial products. This week, potential homebuyers are in somewhat of a wait-and-see mode ahead of next Tuesday’s cash rate decision – but that hasn’t stopped a wave of pre-emptive action by the banks on term deposits and home loan rates.
Welcome to Mozo Money Moves, your go-to weekly finance wrap, unpacking the latest shifts in Australia’s financial landscape.
After a short hiatus – thanks to the Easter gift of multiple long weekends – we are back with a bumper edition of Mozo Money Moves.
Welcome to Mozo Money Moves, your go-to weekly finance wrap, unpacking the latest shifts in Australia’s financial landscape.
Australians have weathered a raft of economic shocks in recent years – from a pandemic to surging inflation and rapid rate hikes – and newly imposed US tariffs may cause further economic harm, potentially tipping the world economy into a global trade war.
Welcome to Mozo Money Moves, your go-to weekly finance wrap, unpacking the latest shifts in Australia’s financial landscape.