Tag: Interest Rates

U.S. central bank, the Federal Reserve, has decided to maintain its interest rate at the current record low. For now.

ANZ has again become the only big four bank to reduce variable mortgage rates in full following the Reserve Bank’s cash rate cut, while rivals CBA, NAB and Westpac will be passing on only part of the amount this time. ANZ was widely criticised last month when it passed on just 0.18 percentage points of […]

There is nothing more vexing than trying to bring your dream business to life, yet funding stands in your way like an ill-created bump in the road. However, there are many options that can give you the financial push that you need without you having to sell your soul and your right kidney. Fixed business […]

The modern business environment is tough, and fraught with challenges that can make or break your business. These days, it’s not enough to simply offer a quality service or product. The characteristics that set aside successful modern businesses are simple – agility and innovation. The ability to react quickly to opportunities is paramount to the ongoing […]

September 2016 was a mixed month for the Australian economy, and one that brought both incredible milestones and sudden, unexpected troughs. To begin with, the end of the month saw Australia complete its 100th consecutive quarter without a recession, continuing a 25-year growth streak that is the second highest in history. Given that this period […]

It’s said that buying a property is one of the most stressful life events. Further, mortgage lender incompetence, bank and finance problems are in the top 20 most stressful aspects of selling a property. For two people, those frustrations spawned the next big idea to hit the FinTech industry. Mandeep Sodhi, a loyal customer to […]

Some of the leading causes of small businesses failures are unrealistic budget, unnecessary costs, overexpansion and ignoring debt payments. Though borrowing makes sense for start-ups, sometimes entrepreneurs are borrowing large amounts of money without sufficient capacity for returning it. Business debt is like a labyrinth, it’s easy to go in and difficult to go out. […]

A renowned US economist has endorsed a pessimistic outlook for the Australian economy over the next 12 months, warning of a Chinese slowdown, halting GDP growth and a 20 per cent drop in the value of the Australian dollar.  Roubini Global Economics, founded by Dr Nouriel Roubini, has warned that a tight federal budget, lower […]

The Reserve Bank today announced a cut of 25 basis points to lower the cash rate to 2.75 percent.

The Reserve Bank of Australia (RBA) announced that the cash rate would remain at 3.0 percent earlier today.