EPISODE · Dec 8, 2024
Mon, 9th Dec 2024
from Finance News Wrap · host Paige Estritori
In this week's Weekly Finance News Wrap from Financial Services Online, host Paige Estritori discusses developments in Australian finance. High housing costs in Australia have led lenders to propose unconventional solutions like 40-year mortgages, despite the long-term high interest drawback. Global shifts have resulted in the Australian dollar dropping to a six-month low, due to a stronger US dollar, and mixed signals from Chinese employment reports. Rebranding efforts are underway for AMP, moving towards an adviser-centric model under CEO Matt Lawler. In New Zealand, significant cash rate reductions are anticipated by the Reserve Bank to maintain inflation and manage economic capacity. Estritori warns to prepare for potential stagflation and points to further rate cuts in 2025 based on developing economic indicators.n
What this episode covers
In this week's Weekly Finance News Wrap from Financial Services Online, host Paige Estritori discusses developments in Australian finance. High housing costs in Australia have led lenders to propose unconventional solutions like 40-year mortgages, despite the long-term high interest drawback. Global shifts have resulted in the Australian dollar dropping to a six-month low, due to a stronger US dollar, and mixed signals from Chinese employment reports. Rebranding efforts are underway for AMP, moving towards an adviser-centric model under CEO Matt Lawler. In New Zealand, significant cash rate reductions are anticipated by the Reserve Bank to maintain inflation and manage economic capacity. Estritori warns to prepare for potential stagflation and points to further rate cuts in 2025 based on developing economic indicators.n
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Mon, 9th Dec 2024
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