As we close out August and head into the spring property season, this week’s money moves reveals ongoing turbulence in the term deposit market with significant shifts in leading rates as inflation shows signs of easing, while mortgage stress continues to escalate for many Australians.
Mozo Money Moves is coming to you a day early after a massive week crunching the numbers.
This week the Australian Bureau of Statistics (ABS) released some highly anticipated data, including figures on the labour force and wage growth.
It was another massive week in finance at Mozo this week.
As the Easter long weekend draws near, we’re back with an early edition of Mozo Money Moves, your weekly personal finance wrap that looks at changes to rates, fees and conditions across key personal finance products.
This week was a bumper week. Not only did our team release the Mozo Banking Roundup for July, but two major global central banks, the Federal Reserve and the Bank of England held their monetary policy meetings, and two core data sets from the Australian Bureau of Statistics (ABS) were released; the June Quarter inflation data and the Lending Indicators for June.
Welcome back to Mozo Money Moves, your Friday financial fix that covers the latest in personal finance and retail banking.
This week’s Mozo Money Moves dives into how term deposit rates are shifting and the latest unemployment data. With just over two weeks left until the Reserve Bank of Australia (RBA) meets to decide the direction of the cash rate, the new data from the Australian Bureau of Statistics (ABS) has reaffirmed Mozo’s stance that a 14th rate hike is unlikely.
Welcome back to another bumper edition of Mozo Money Moves, where we dive into the latest developments shaking up the personal finance landscape.
The last two years have been chaotic ones for home loan interest rates. Between May 2022 and November 2023, the official cash rate jumped a staggering 4.25%, bringing average home loan rates up by almost the same amount in the Mozo database.