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The Latest Breaking News from ANZ

'Low tolerance' for slower return to target: RBA

Australia could be galloping towards a Melbourne Cup interest rate rise if progress on inflation proves too slow and the labour market too resilient.

AAP

Here Are A Bunch Of Budgeting Hacks That May Help If You’re On A Month-To-Month Paycheque

Money, money, money.

Pedestrian.tv

Judge stands aside in ANZ pregnancy discrimination case after ‘candid’ comments revealed

‘Extraordinary turn of events’ sees judge in long-running court case step aside after being recorded making remarks

The Guardian - AU

From analysis to the latest developments in health,
read the most diverse news in one place.

NZ economists expect steady cash rate ... for now

The Reserve Bank of New Zealand is expected to hold its official cash rate at its 15-year high of 5.5 per cent at its meeting this week.

AAP

ANZ back online after outage freezes customer accounts

ANZ services are back up and running after customers were blocked from accessing their bank accounts for several hours, but credit transactions are still down.

AAP

Antony Catalano's new View opens door on 11m properties

View's map search function covers 95 per cent of the population

The Canberra Times

Aust shares sink as US bond yields hit multi-year high

Soaring US bond yields are pressuring equities as markets digest the probability that interest rates will stay higher for longer.

AAP

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Suncorp banking chief leaving amid court battle on sale

The chief executive of Suncorp Bank is leaving for wealth manager Colonial First State amid a court battle to sell the group's division to one of the Big Four.

AAP

ANZ fined $15 million over dodgy credit card fees

The Federal Court has slapped ANZ with a large fine for misleading customers about the funds they had available in credit card accounts.

AAP

Inflation expectations tick up as petrol prices lift

There's been a dip in in consumer confidence as rising petrol prices nudge inflation expectations, which could be of note to the Reserve Bank.

AAP

Gloriavale community takes big banks to the Commerce Commission

A controversial and reclusive West Coast Christian community is seeking to overturn the tables of the money lenders. Jonathan Milne reports.

Newsroom.co.nz

New Zealand set to exit recession with low growth

Market expectation for gross domestic product growth in New Zealand is 0.5 per cent for the second quarter of the year.

AAP

Banks 'cold and unhelpful' as they desert rural areas

Face-to-face banking is part of the social fabric in Tasmania's regions, which have ageing populations and low levels of literacy, an inquiry has been told.

AAP

Heartland breaks ranks to allege 'distorting' behaviour by big banks

Big banks' deep pockets allow them to tilt the playing field with mortgage broker incentives and home loan cashbacks, says Heartland chief executive. Jonathan Milne reports.

Newsroom.co.nz

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The Guardian - AU

Soft landings, sticky inflation: a top economist on key challenges for Australia and the world

S&P Global’s chief economist Paul Gruenwald believes interest rates will stay elevated for some time

The Guardian - AU

The RBA’s interest rate-rising looks done – and a soft landing for the economy could be on

Australia’s economy might be just where Philip Lowe wants it – barring any nasty surprise – as he hands over to Michele Bullock

The Conversation

What's to stop Philip Lowe moving to a private bank after he leaves the RBA? It's what his predecessors did

Surely Reserve Bank Governor Philip Lowe won’t move to a private bank after his term as governor ends next week.

The Guardian - AU

Afternoon Update: Lehrmann intends to sue ACT government; China scraps barley tariffs; and Aussie horror film a US hit

Bruce Lehrmann says he intends to sue the ACT government over alleged flaws in his prosecution

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The Guardian - AU

Australians pull back on retail spending as case for holding interest rate grows

Sales turnover across most categories dips amid cost-of-living pressures ahead of RBA decision on cash rate next week

AAP

Carbon, clean energy needs underpin Aust-Singapore ties

An investor forum in Singapore is examining ways to support global climate ambitions, sustainable development and a pipeline of Australian renewable energy.

Newsroom.co.nz

Heading west and online: China's consumer explosion

China's growth may be slowing, but its economy is still forecast to expand by $US1.1 trillion a year. NZ companies want in. Nikki Mandow reports.

AAP

Easing global inflation story takes pressure off rates

Moderating inflation around the world could help the Reserve Bank build the case for an extended pause on interest rates.

Newsroom.co.nz

History's bitter lesson: Interest rates hikes aren't over till they're over

The Reserve Bank has called a halt to interest rate rises. But pre-GFC pauses were followed by renewed hikes.

Newsroom.co.nz

Reserve Bank's meat is retailers' poison

Not everyone will be pleased the RBNZ's drastic measures to cool the economy appear to be working, reports Nikki Mandow

The Guardian - AU

Where to next for the Australian economy, the RBA – and Philip Lowe?

The Reserve Bank governor will soon find out if his term has been extended – but economic hints from major banks tell a happier story than expected

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