May 1, 2025 - 05:24
As the central bank considers a potential reduction in the cash rate in the coming weeks, homeowners are left wondering whether they will experience the same mortgage relief that was seen earlier this year. In February, a significant rate cut provided much-needed financial relief to many borrowers. However, current fears are surfacing that banks may not pass on the anticipated savings this time around.
The prospect of a major interest rate cut has generated optimism among some consumers, but skepticism remains about the willingness of financial institutions to lower their rates accordingly. Many borrowers are concerned that banks may choose to retain the benefits of a rate cut rather than extend them to customers. This hesitation could leave homeowners facing continued financial strain, despite a favorable shift in the cash rate.
As discussions around the potential cut continue, the focus remains on how banks will respond and whether consumers will ultimately benefit from the anticipated changes. The outcome could significantly impact household budgets and the broader economy.
June 25, 2025 - 00:18
Yale's Financial Stability Program Unveils Crisis Management PlaybookThis year marks a significant milestone for the Yale Program on Financial Stability as it wraps up the New Bagehot Project. This ambitious initiative, spanning a decade, has meticulously chronicled...
June 24, 2025 - 04:52
Japan's Foreign Exchange Diplomat Reappointed for Another YearTOKYO - Japan`s leading foreign exchange diplomat, Atsushi Mimura, has been reappointed for a second consecutive year, according to the finance ministry. This decision underscores his significance...
June 23, 2025 - 19:11
Rethinking Finance: A Call for Inclusivity and SustainabilityIn affluent societies, the relationship with money has shifted dramatically, transforming it into a master rather than a servant. This paradigm has far-reaching implications, not only for...
June 23, 2025 - 05:12
NJBIZ Finance Power List: Celebrating the Most Influential Leaders in FinanceThe NJBIZ Finance Power List has unveiled its selection of the most influential leaders in the finance sector for 2025. This prestigious list highlights the professionals who play a critical role...