Tue, 17th Dec 2024

This edition of the Weekly Finance News Wrap with Paige Estritori, powered by Financial Services Online, discusses major changes in Australian finance. The Reserve Bank of Australia is undergoing its most significant overhaul in 30 years, marked by the appointment of former CEO of Bendigo Bank, Marnie Barker, and Australian National University's Renee Fry-McKibbin as advisory board members. A potential interest rate cut by the RBA could bring much-needed economic relief. In contrast, New Zealand is facing a potential economic recession, with a 4.6% drop in per capita GDP. Back in Australia, the ASX sees a decline in listed companies, indicative of investors' lean towards private markets. These changes could reshape the investment and financial landscapes in 2025.