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The Latest Breaking News from ANZ

Reserve Bank leaves rates pause in play for April

The minutes from the central bank's board meeting suggest the bank is getting closer to a pause so it can assess the full impact of sharp interest rate hikes.

AAP

Scammers can slip fake texts into legitimate SMS threads. Will a government crackdown stop them?

Are you tired of receiving SMS scams pretending to be from Australia Post, the tax office, MyGov and banks? You’re not alone. Each year, thousands of Australians fall victim to SMS scams. And losses have surged in recent years.

The Conversation

RBA minutes, speech scoured for cash rate clues

Further insights into the March cash rate hike in the minutes from the Reserve Bank board meeting dominate the economic discourse this week.

AAP

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More economists predicting RBA will pause rate hikes

Westpac, St. George, HSBC, JP Morgan and AMP now expect the Reserve Bank won't raise rates in April - but ANZ and CBA still forecast a rate hike.

AAP

Credit Suisse adds to fears of new GFC; rate hikes may be paused

European markets have turned sour with concerns now directed at Credit Suisse whose shares plunged 24 per cent to a record low.

The New Daily

Interest rate rises have Australians ready to slash spending, and businesses are bracing for the cuts

Australia's economy is still holding up on the back of household spending, but there are warning signs that a severe downturn is imminent — and small businesses are already seeing it in action.

ABC News

Amid fears for small players, big banks agree to a competition inquiry

Is NZ developing a two-tier banking system? There’s concern smaller savings institutions may be placed at greater risk, if customers follow Americans' flight to big banks this week. Jonathan Milne reports.

Newsroom.co.nz

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Consumer confidence plunges to COVID lockdown lows

Consumers are feeling wobbly after the Reserve Bank's tenth interest rate hike in a row and amid stubborn inflation.

The New Daily

Cost-of-living concerns impacting Aussie travel plans

After rebounding from the pandemic, the travel industry is facing further setbacks as holidaymakers face cost-of-living concerns.

AAP

Interest rates: How refinancing and saving are shaping up after the March hike

The Reserve Bank’s tenth interest rates hike in a row last week has sparked a flurry of fresh activity from lenders.

The New Daily

Banks continue to drag their feet lifting savings account rates

Banks defy political pressure by not passing on higher interest rates to all savers even as they hit mortgage holders with rapid-fire hikes

The New Daily

Some savers still being left behind as cash rate lifts

Banks are still picking and choosing which deposit accounts to lift rates on despite pressure from the consumer watchdog to pass higher rates on to savers.

AAP

The Reserve Bank is tipped to raise interest rates again, even as some families struggle to meet higher home loan repayments

Australia's major banks expect the Reserve Bank will lift the cash rate to its highest level since May 2012 later today, but thousands of families like Le Tran's are already having to make sacrifices to make ends meet.

ABC News

ANZ bank apologises after customers' personal information found in Perth skip bin

One of Australia's biggest banks investigates after customers' personal data is discovered "floating down the street" after being dumped in a skip.

ABC News

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The New Daily

ANZ bank documents found dumped in suburban skip bin

A Perth man found dozens of dumped ANZ bank documents, some of which were blowing down the street, while walking near a recently-closed branch.

Newsroom.co.nz

Growing momentum for 'David and Goliath' official inquiry into banks

Proposed terms of reference say bank account number portability must be enforced with urgency, and ex-ministers like John Key shouldn't go straight onto bank boards. Jonathan Milne reports.

Newsroom.co.nz

Reserve Bank would back a Commerce Commission probe into bank profits

Some retirees could face a cold and hungry winter, as costs rise and banks slow-pedal their term deposit interest rates. It's allowing the big banks to maintain high margins and send record dividends back to their Australian owners. Jonathan Milne reports.

The Independent UK

New Zealand’s Blair Tickner saw ‘lives being flipped upside down’ by cyclone

Tickner made his Black Caps debut in the series opener at Mount Maunganui.

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The New Daily

ACCC asking why banks are slow to lift interest rates on savings accounts

The landscape for Australian savings rates is changing fast as banks begin to relent after the RBA’s February interest rate hike.

ABC News

China's economy is recovering — is that a good thing for Australians faced with surging prices?

China's rebounding economy is set to have ramifications for Australia — both good and bad — and could exacerbate our cost-of-living issues.

The Guardian - AU

Australia’s softening inflation unlikely to spell an end to interest rate hikes

The worst of the current inflationary cycle may be behind us, but the pain is probably not over for many households

The Guardian - AU

Terry Irving spent 1,671 days in jail for a crime he didn’t commit – and 25 more years seeking justice

Australia is the world’s only democracy that fails to offer statutory legal remedy for those wrongfully imprisoned

AAP

Jobless rate likely still below 4pct

The next set of jobless and employment numbers due this week are likely to show the labour market remains tight ahead of next month's central bank meeting.

AAP

Boxing Day shoppers ready to smash records

Boxing Day spending is expected to reach record heights as shoppers look to snap up bargains, despite financially challenging times.

AAP

Australia's 2023 economic outlook unclear

There are a range of unknowns hanging over Australia's economic fortunes in 2023 but most agree a recession is unlikely.

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