Banking

Australian financial markets are now pointing to a close to zero chance of further rate rises — with a fair chance of a rate cut next year. That's thanks to the latest news from the US and UK, writes Peter Martin.

Minutes from the RBA's November meeting show the central bank decided to lift interest rates to their highest level in 12 years because of alarming signs that some businesses were passing on higher inflation costs to consumers.

Mining stocks have driven the Australian share market higher, while Fortescue shareholders reject remuneration report.

Young people are continuing to bear the brunt of rising interest rates and rent while older Australians are still splashing out, new spending data indicates.

A thousand kilometres from Perth and situated between red dust and mountain ranges, cash is still king at the Tom Price drive-in theatre.

With cash and change now a 700-kilometre round trip away, community groups and businesses in Tom Price are donating, bartering and looking for any available solution after the town's bank branch closed.

Fake Australian banking apps that look like the genuine article are appearing on the internet. Test your knowledge and see if you can tell the real from the fake.

Optus boss Kelly Bayer Rosmarin tells a Senate inquiry that 228 triple-0 calls were unable to be made during last week's outage, while the Australian share market falls slightly after Wall Street's recent rally comes to an end. Read how the day unfolded on our live blog.

Economists are warning recent wages growth could fuel Australia's already sticky inflation — and put even more upwards pressure on interest rates, writes David Taylor.

After a subdued start, the ASX closed lower on Thursday after Australia's unemployment rate rose to 3.7 per cent in October even though 55,000 new jobs were added. Look back on the day's developments with our blog.

A rally on Wall Street sends Australian stocks higher, while wages post their biggest quarterly increase in at least a quarter of a century. Look back on the day's developments with our blog.

Victoria's Ralph Chandler watched his life savings disappear from his bank account because of a scam. He wants Australian banks to be compelled to reimburse customers.

The Australian share market has risen moderately despite Wall Street's struggle to find direction overnight as investors await crucial inflation data that will decide how high US interest rates will climb.

The inside story of how the Commonwealth Bank went to extraordinary lengths to discredit whistleblowers and journalists who exposed wrongdoing within the company.

Businesses were hit hard during the Optus outage, with EFTPOS machines left out of action. As Australia moves further towards being completely cashless, experts say the outage isn't enough to see cash return as king.

The growing sullenness amongst voters about cost of living pressures makes it inevitable that the economy will once again become the absolute core issue for the government, writes Laura Tingle.

The Reserve Bank reveals the reasoning behind its latest interest rate rise and whether it is likely to have to lift them again.

The ASX closed lower after the RBA gave its latest economic update, outlining that inflation is unlikely to return to target until December 2025, while the US Federal Reserve warned interest rates may not be high enough.

Interest rates have gone up by 0.25 percentage points. Check to see how the major banks are reacting — and what that means for savers and mortgage holders. 

The Australian share market has risen despite a mixed session on Wall Street overnight. Look back on the day's events with our blog.

There's nothing in the RBA governor's statement to suggest she is thinking of pushing up rates again, and financial markets are also betting this rate hike will be the last, writes Peter Martin.

Tell us your loan size, term and interest rate, and our mortgage repayment calculator will work out how much extra you may have to pay on your loan. 

The RBA has lifted the cash rate by 0.25 percentage points in November, taking the rate to 4.35 per cent, while the Australian share market finished lower. Look back on the day's events with our blog.

Tuesday's RBA meeting is about more than rates — it's also a credibility test in disguise. After all, you can only make an explicit threat so many times and not follow through without eroding your authority, writes business editor Ian Verrender.

Three men involved in a failed housing scheme which targeted elderly customers appear in a Perth court for allegedly breaching corporate law.