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Reserve Bank announced its cash rate decision on the 3 rd November reducing the same to 0.10%, the lowest in the history of the bank. This move marks the first time that the RBA has cut rates by less than 25 basis points. At the time of publishing th[…]

It seems like major banks are winning refinancers back amid the COVID-19 pandemic, a study by PEXA shows. The total refinancing activity went up by 27% during the first nine months of the year compared to the same period last year. According to th[…]

Westpac has reported a 62 per cent fall in cash earnings for the year and will pay shareholders a sharply reduced dividend of 31 cents in what chief executive Peter King has described as disappointing results in a challenging year. The big four ba[…]

The new $100 banknote entered general circulation on 29 th October. It is the final denomination to be redesigned as part of the Reserve Bank's Next Generation Banknote Program. Governor Philip Lowe said, ‘The release of the new $10[…]