Sun, 6th Oct 2024

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