One industry pundit has said that the economy needs “significant improvement” before the Reserve Bank decides to raise the cash rate
A major bank that announced an overhaul to its commission structure has said it did so to reward broker loyalty
Smaller banks continue to lead the majors in customer satisfaction as bank satisfaction has hit an 18-year high
Despite some concerns over the cash rate remaining at its record low, the Reserve Bank is predicted to keep the official cash rate on hold at 2.5% at its board meeting on Tuesday
As the deadline for second round submissions to the Financial Services Inquiry closed this week, small banks bound together in their fight for a “level playing field” in the mortgage lending market.
Two non-major lenders have announced cuts to fixed rates, with one cutting one of its products below 4%