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03 October 2022 • By Jon Bragg • 1 min read

CBA defies market expectations, predicts 25-bp rate hike

The Commonwealth Bank is alone in predicting a 25-bp hike in October.  Economists at the Commonwealth Bank have maintained their forecast that the ...

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APRA removes big 4’s remaining $500m capital charge

The regulator is satisfied that CBA has addressed concerns over its governance, accountability and risk culture frameworks and practices

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1 in 10 investors trust finfluencers

The results of a new survey have been released. Though social media influencers — or “finfluencers” — remain a contentious topic in financial ...

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Chief economists increasingly expect a global recession

Most chief economists believe a recession is at least somewhat likely. Seven out of 10 chief economists believe a global recession is at least ...

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New monthly CPI indicator suggests inflation is still on the rise

The ABS has released its monthly consumer price indicator covering July and August. The new monthly consumer price index (CPI) indicator from the ...

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Budget surplus unlikely in current term of parliament, says Treasurer

The October budget is likely to project ongoing deficits in the years ahead.  Next month’s budget is not expected to forecast a surplus for at ...

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Retirement fears increasingly troubling Aussies

Nearly half of the workforce don’t know how much they will have or need at retirement. New research released by AMP has revealed that millions of ...

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Iress issues profit downgrade

Revenue previously anticipated by the firm in 2022 has now been pushed to 2023. Iress has downgraded its profit guidance for the 2022 financial ...

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Aussie banks believe the metaverse will help lower carbon footprints

While most banks have high hopes for the metaverse, many are also concerned about its energy needs and potential environmental impact. A new survey ...

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NAB leads $6m funding round for Australian fintech Thriday

The financial management platform automates banking, accounting and tax for SMEs. Australian fintech Thriday has landed a $6 million pre-Series A ...

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