Sun, 10th May 2026

In this week's financial news wrap, Paige Estritori discusses major financial events in Australia. The Reserve Bank of Australia has increased the national cash rate to 4.35%, marking its third consecutive hike this year. This move puts pressure on first-time home buyers, emphasizing the need to understand interest rate trends and government support schemes. Meanwhile, the Federal Court fined Cigno Australia and BSF Solutions $7 million for violating Australian credit laws through unscrupulous payday lending practices. Consumers are recommended to research and choose licensed, reputable lenders. The podcast also covers Austal, an Australian shipbuilder, which secured a A$150.3 million contract extension to construct two patrol boats, indicating growth and potential impact on the wider marine industry's finances. The podcast aims to keep listeners informed about financial trends and developments, underscoring the importance of being an informed participant in one's financial journey.n