Nervous home owners appear to be heading for some interest rate relief with economists tipping the Reserve Bank will keep them on hold when it
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The long-suffering building construction industry might finally find it easier to maintain a profit with lower construction costs providing hope for the future.
While some mortgage borrowers may be hoping the appointment of a new Reserve Bank governor may mean a new approach for interest rates, there’s one main driver that makes this scenario unlikely for now and that’s higher wages.
Fresh off the news the Reserve Bank will cut the number of its yearly meetings from 11 down to 8, they have also announced they will not be renewing the contract of governor Philip Lowe.
The somewhat inevitable tightening of regulations around buy-now-pay-later (BNPL) products has begun with the federal government set to introduce legislation that will treat them like any other loans.
