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Tax Time Cash Wipes $416m Off Credit Card Debt
1+ week, 8+ hour ago (830+ words) Australians wiped an impressive $416 million off their collective credit card debt in July, likely using returns from the tax office to knock down their high interest debt. While debt typically drops in July, this was the largest drop in dollar…...
Sticky core inflation could push RBA to hike again by Christmas
2+ week, 5+ day ago (1107+ words) Stubborn underlying inflation will keep pressure on the RBA to consider another cash rate hike this year, despite a drop in annual headline inflation in July. ABS figures today show headline CPI came in at 3.5% in the year to July,…...
Big four banks take the knife to term deposit rates as cuts gather pace
3+ week, 3+ day ago (920+ words) Term deposit rates may have hit their peak after Australia’s big four banks cut their top offers in a 24-hour cull. CBA and ANZ cut their highest term deposit rates yesterday morning, while this morning, it was Westpac and NAB’s…...