Finance

In a bid to determine whether or not Australia’s lenders were appropriate to move their rates independently of the cash rate, the Reserve Bank of Australia has launched an investigation into the true cost of funds.   Read more

For the second consecutive year the Reserve Bank of Australia has upstages the Melbourne Cup.  Read more

The RBA kept rates on hold, again, as expected in October, but is progressively becoming more dovish in tone. The RBA has now hinted at the possibility of cutting rates if needed.   Read more

SWITCHING to a new bank will be made easier from next July under new rules to make banks - and not their customers - transfer all automatic debits and credits into a new account.  Read more

The Dow Jones fell over 600 points, the worst single day fall since December 2008. At the close the index had lost just over 5.5%. The collapse came on the back of Standard & Poor’s downgrade of U.S. debt and government backed mortgage debt.  Read more