Mon, 2nd Dec 2024
from Finance News Wrap Hosted by Paige Estritori
This week on the Weekly Finance News Wrap, significant changes are set to impact the Reserve Bank of Australia (RBA) as a leadership overhaul splits it into two boards, focusing on governance and economic policy respectively. Despite concerns raised by AMP's Chief Economist, Shane Oliver, the changes are set to provide a cautious approach to policy setting. In housing, a proposal to adjust mortgage lending rules could ease the stress for first-time home buyers. Meanwhile, Franklin Templeton signals a digital revolution, suggesting the rise of crypto wallets could redefine portfolio management. Lastly, Bella Financial Group considers acquiring full ownership of Selfwealth to strengthen its digital broking sector.
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