Sat, 4th Oct 2025

In this weekly Financial News Wrap, Paige Estritori from Financial Services Online takes us through some significant updates in Australia's financial landscape as of October 4th, 2025. Key points include the Reserve Bank of Australia's decision to keep the cash rate steady at 3.6% due to rising inflation, with a possibility of a 25 basis point rate cut by year end. ANZ Bank is set to pay approximately 99 million Australian dollars to settle two class actions from 2020, although it has not admitted liability. There's an emerging trend in Australia's maritime industry where boat owners are renting out their boats to combat rising living costs. Lastly, Coffs Harbour Marina has been upgraded into a world-class facility, with hopes that it will boost tourism and the marine industry in New South Wales.n