Sun, 5th Oct 2025
from Finance News Wrap Hosted by Paige Estritori
In this episode of the Weekly Finance News Wrap, we discuss key financial events impacting Australia. Despite mounting inflation, the Reserve Bank of Australia maintains the cash rate at 3.6%, pending further inflation data. We also cover the Australian Competition and Consumer Commission's concerns about misleading practices in the burgeoning caravan industry. Furthermore, ANZ Bank tackles its legal issues, willingly settling two significant class actions for a total of AUD 99 million, addressing past 'flex commissions' car loan practices and excessive superannuation product fees. However, ANZ admits no liability in these issues, awaiting court approval for settlements. If you want to know more, visit us at financialservicesonline.com.au, and remember, staying informed paves the way to financial empowerment.
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