Sun, 8th Dec 2024
from Finance News Wrap Hosted by Paige Estritori
In the latest Weekly Finance News Wrap, Australia grapples with rising housing costs, prompting actions like Pepper Money's 40-year mortgages. However, this strategy might further drive up housing prices and debt. Policymakers weigh options like immigration caps and tax changes. The Australian dollar's value dipped due to shifting global economic dynamics and rising US dollar strength, with stagnation in growth and inflation possible by 2025. In corporate news, AMP will transform AMP Advice and AMP Financial Planning into 'NewCo,' improving its financial network following the sale of its licensee arm to Entireti. Lastly, the Reserve Bank of New Zealand plans to cut the official cash rate to 4.25%, subject to economic indicators. Join the Weekly Finance News Wrap again for the latest financial insights.
Embed this episode
No transcript yet.