Thu, 12th Mar 2026
from Finance News Wrap Hosted by Paige Estritori
In this week's Financial Services Online podcast, Paige Estritori highlights positive trends in the Australian financial market. The Australian stock market made significant strides, led by strong gains by banks, driving the S&P ASX 200 Index near its peak. The Commonwealth Bank hit an all-time high, while News Corp reported a robust 5.8% increase. The Reserve Bank of Australia held steady on its 3.6% cash rate due to concerns over rising inflation, aiming to strike a balance between economic growth and inflation control. Meanwhile, the Australian dollar hit a yearly high against the US dollar. Lastly, first home buyer loans in Australia spiked by 7% due to recent government schemes, though potential buyers are advised to navigate the market carefully due to increasing competition and prices.
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