Sun, 6th Oct 2024 - Financial Services News Wrap

What this episode covers

In this daily financial services report, we discuss a range of topics from interest rates to superannuation. The Reserve Bank of Australia maintains a 12-year high interest rate at 4.35 percent, while New Zealand eyes a significant rate cut. New data on Australia's economic health is expected soon, as the ASX200 index declines despite rising iron ore prices. In other news, ANZ agrees to an $85 million settlement over allegations regarding its former car financing division's loan commission practices. Finally, a report from AustralianSuper highlights a promising future for younger Australians facing rising living costs, as superannuation guarantees are expected to rise from 10 to 12 percent. Stay tuned for more finance news.n

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When was this Financial Services News Wrap episode published?

This episode was published on October 5, 2024.

What is this episode about?

In this daily financial services report, we discuss a range of topics from interest rates to superannuation. The Reserve Bank of Australia maintains a 12-year high interest rate at 4.35 percent, while New Zealand eyes a significant rate cut. New...

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