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.
The term 'Trumpcession' is a mash-up of 'Trump' and 'recession', referring to a potential economic downturn linked to US president Donald Trump's policies. With Trump now back in the White House, his administration has moved quickly to implement a series of tariffs on a range of imports – including those from China, Canada, Mexico, and from here in Australia.
Welcome back to Mozo Money Moves, your weekly interest rate wrap that keeps you up to date with what’s been going on in the world of personal finance.
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This week’s Mozo Money Moves takes a step back from our recent focus on how variable home loan and deposit rates have responded to the RBA move.
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Banks, insurers, and super funds could be forced to shake up their leadership teams under new governance rules proposed by APRA today.
Correction: In a previous version of this article, it was incorrectly stated that 77 banks had cut savings rates since the RBA decision. This has now been corrected to reflect the accurate information, 67 banks had cut savings rates.
As interest rates continue to dominate the headlines after the Reserve Bank of Australia (RBA) cut the cash rate last week, Mozo’s database has been flooded with a downpour of thousands of rate changes across savings and home loan products.
This week, the Reserve Bank of Australia (RBA) excited borrowers with a 25 basis point rate cut – a welcome gift for many as households continue to battle the much higher cost of living.
From shifting home loan rates to key financial reports, we’re back to cover the money moves that shaped the week at Mozo—and what they mean for your wallet.