Bill Evans

Australia’s banks remain “unquestionably strong” and local financial markets are “still functioning” despite being volatile amid growing global strain. Reserve Bank of Australia assistant governor Chris Kent has sought to allay domestic…

Westpac has made a surprise call on interest rates – lowering its forecast that the cash rate will be hiked as high as 4.1 per cent.Instead, the major bank has predicted interest rates will peak at 3.85 per cent and that the Reserve Bank of…

Aussie homeowners are being battered by increasingly brutal interest rate rises – but there could be some relief on the horizon.According to Westpac’s latest survey released on Tuesday, consumer sentiment remained unchanged at 78.5 in March…

With the collapse of Silicon Valley Bank (SVB) – the second biggest bank failure in US history – there are fears of “contagion” spreading across the globe with the potential that Australia’s interest rates could also be impacted.SVB had a…

Australian entrepreneur Mark Bouris has questioned whether the Reserve Bank has gone “too hard” as struggling homeowners brace for even more interest rate pain this afternoon. The RBA board will hold its March meeting today, and is expected…

The Reserve Bank of Australia is expected to increase the official cash rate for the tenth consecutive time when the board meets on Tuesday, with analysts from the big four Banks predicting more carnage from now to May. The consensus among…

All four major banks have tipped that interest rates will rise by another 0.25 per cent but there are warnings that Australians will be feeling “great pain” from the decision to hike them for the tenth time in a row.Economists believe the…

Gerry Harvey has hit back at investors after his company Harvey Norman suffered an eye-watering $386 million wipe-out. On Tuesday, the firm revealed that its sales in January had dropped by 10.2 per cent and that its profits for the first…

Westpac’s chief economist has explained the grim economic outlook behind the major bank’s prediction on rate cuts, and delivered a warning to RBA boss Philip Lowe.The big bank published a weekly report on Monday that forecast seven interest…

As Australians grapple with the increasing cost of living and the looming threat of further rate rises, Westpac has made a surprising prediction.The big bank published a weekly report on Monday that forecast seven interest rate cuts in 2024…