The CEO of the Commonwealth Bank, Ralph Norris, has indicated that the banks will not make a grab for extra margin as official rates begin to rise, The Daily Telegraph reported today.
The RBA released its September Financial Stability Review today, showing that the GFC was continuing to impact on the local mortgage business.
Australian firms are substantially more optimistic now than in the previous quarter, according to Dun & Bradstreet's latest Business Expectations Survey.
For the fourth consecutive month the RBA has left the headline cash rate at 3%.
The RBA has not closed the door on further rate cuts, according to the minutes of its Monetary Policy Meeting held on the 2 June, and released today
The fall-out from the federal budget and the RBA's decision to leave rates on hold has seen consumer confidence fall in May.