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The Latest Breaking News from Westpac

Jobless rate could fall below 4pct soon

The unemployment rate could fall below 4 per cent sooner than forecast in this week's federal budget with the number of job vacancies growing in recent months.

Tax rise for low- and middle-income workers possible as LMITO's fate hangs on federal budget

Tax rise for low- and middle-income workers possible as LMITO's fate hangs on federal budget

With cost-of-living concerns dogging the government ahead of next week's federal budget and the upcoming election, experts are again questioning whether its tax cuts are directed at those who need them most.

Russia to sell gas in roubles as sanctions bite, ASX turns positive on oil rally

Russia to sell gas in roubles as sanctions bite, ASX turns positive on oil rally

Commodity markets are set to be further disrupted, with Russian President Vladimir Putin saying unfriendly countries such as the US and those in the EU will have to pay for gas in roubles. The ASX edged higher as oil prices rallied.

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Rising gas prices to bolster Aussie dollar

Rising commodity prices are set to bolster a stronger Australian dollar.

The Canberra Times

Many consumers expect rate rise this year

The Westpac-Melbourne Institute consumer sentiment survey found 66 per cent of respondents expect an interest rate rise this year.

ASX lower, Westpac jumps on cuts and profit beat, Facebook owner Meta plunges

Australian shares close lower after two straight sessions of gains, weighed down by technology stocks, while banking giant Westpac jumps after reporting first-quarter profit above estimates.

Westpac helicopter transfers two from New England to John Hunter Hospital

The Westpac Rescue Helicopter responded to two medical transfer requests from the state's New England region to John Hunter Hospital on Friday.

Newcastle Herald

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Inflationary rise puts pressure on mortgage costs

Inflationary rise puts pressure on mortgage costs

Inflationary pressures forcing an early rate rise are set to put up costs for mortgage borrowers.

The Canberra Times

Home owners hit with rate hikes as bank funding costs rise

Home owners hit with rate hikes as bank funding costs rise

Paying off your mortgage is getting more expensive, with Westpac becoming the latest of 17 banks to hike their fixed rates this year.

Westpac forecasts RBA rate rise by August, mortgage borrowers to face $103 monthly hit

Westpac forecasts RBA rate rise by August, mortgage borrowers to face $103 monthly hit

Westpac is now expecting the Reserve Bank to start raising official interest rates as early as August, with a peak cash rate that could increase typical mortgage repayments by more than $400 a month.

ANZ drops home loan rates, matches Westpac

ANZ drops home loan rates, matches Westpac

ANZ Bank has put more pressure on home loan rates and matched Westpac's lowest variable rate.

Australia’s unemployment rate drops to lowest point in more than 13 years

Australia’s unemployment rate drops to lowest point in more than 13 years

Economy adds 64,800 jobs in December, but ABS survey period did not include economic disruption caused by Omicron wave

The Guardian - AU

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