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NAB believes interest rates will start to fall quickly - Newsreel

Major bank predicts faster drop in interest rates

A major bank has revised its interest rate forecast, suggesting that rates could fall by more than one percent during 2025. National Australia Bank Chief Economist Sally

Climate change could smash global economies

A rise of four degrees in global temperatures would cut world Gross Domestic Product (GDP) by 40 percent by 2100, new modelling shows. The UNSW Institute for Climate

Super funds battling spate of cyber attacks

Australian superannuation funds that have been hit with cyber attacks are moving to assure members that their funds are safe. AustralianSuper issued a statement on

Australian beef targeted in Trump tariff ‘liberation’

By Michelle Grattan US President Donald Trump singled out Australia’s beef trade for special mention in his announcement that the United States would impose a 10

One in 10 hit with card fraud as scams balloon

More than two million Australians experienced credit card fraud in 2023-24 and nearly a third of those did not fully recover lost funds. Australian Bureau of Statistics

Housing supply struggling to take off

Despite significant government activity to boost housing stocks, approvals for new dwellings remain sluggish. Trend figures released by the Australian Bureau of

Fatigued consumers resetting the way they spend

The cost-of-living crisis has “fundamentally reshaped” our relationship with food, social connection and small pleasures. In an article released today, RMIT

Reserve Bank still unconvinced on inflation

The Reserve Bank of Australia has failed to reduce interest rates despite strong trend improvements in inflation. At its meetings today, the RBA said the cash rate

OECD predicts softening of global economy

The OECD says global economic conditions were fairly resilient in 2024 but the outlook is “softening” this year. This is being driven particularly by the Trump

Double good news for household mortgages

Households struggling with mortgage repayments will be buoyed by two lots of good news in the past 24 hours. The Australian Bureau of Statistics released figures today

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