Michele Bullock has been named as the next governor of the Reserve Bank of Australia (RBA), to replace outgoing chief Philip Lowe when his term ends on September 17.
RBA governor Philip Lowe confirmed cutting the number of interest rates meetings is one of 10 steps the RBA will take in response to a government review released earlier this year.
Australian brokering service Openmarkets has been hit with a record $4.5 million fine following a scathing ruling over suspicious trading on its platform and a failure to comply with integrity rules.
The Reserve Bank of Australia (RBA) has left interest rates on hold at 4.1 per cent, but has warned that more hikes will be needed to contain inflation.
The end of financial year is almost here, which means a lot of Australians are turning attention to their tax return as a way to get a welcome boost to their hip pocket amid the cost of living crisis.
The opportunity to get an extra few hundred dollars from a tax return is a welcome prospect for the millions of Australians struggling with the cost of living crisis.
Inflation of 2.2 per cent. Interest rates at 1.5 per cent. It's a scenario that seems too good to be true for Aussies struggling with the cost of living crisis.
The Reserve Bank of Australia has delivered a shock 12th rate hike since May last year, deciding to lift interest rates in a bid to tackle persistently high inflation.
Westpac has become the first of the big four banks to pass on today's interest rate rise, just hours after the Reserve Bank of Australia (RBA) hiked the cash rate.
For the fourth year in a row, mining magnate Gina Rinehart has been crowned the country's richest person in the Australian Financial Review's annual Rich List.
The Federal Court ordered AMP Life and AMP Financial Planning to pay fines of $18 million and $6 million respectively after they admitted to the "unconscionable conduct".
A recent analysis by NAB shows there has been a bounce back in businesses collapsing with a huge 30 per cent rise in insolvencies in 2022 after a slowdown during the COVID-19 pandemic.