#australian economy
Westpac Mortgage Applications Drop 20% Following Federal Tax Policy Changes
Westpac reports a significant decline in mortgage applications after the Australian government tightened property tax concessions. Despite the drop in new lending activity, the bank's quarterly profit rose to $1.8 billion.
By Project Chintan Newsroom · 11 Aug
RBA Expected to Hold Cash Rate as Australian Inflation Moderates to 3.8 Percent
Australian economists forecast the Reserve Bank will maintain the cash rate at 4.35% despite headline inflation falling to 3.8% in June. Market data shows underlying inflation remains steady at 3.6%, keeping pressure on the central bank's target band.
By Project Chintan Newsroom · 11 Aug