Wed, 29th Oct 2025

In this episode of the Weekly Finance News Wrap, significant developments in Australia's financial sector are discussed. The Australian government has embarked on a program to provide low-interest loans for eligible citizens to purchase electric vehicles (EVs), potentially saving borrowers up to $8,000 on a $40,000 loan over seven years. Bank Australia also plans to stop loans for petrol, diesel, and hybrid vehicles by February 2025 to attain their net-zero carbon emission target by 2035. The podcast also highlights shifts in the Australian used car market, with sales declining possibly due to increased costs, interest rates, and improved new car availability. Staying with financial news, the Reserve Bank of Australia is debating additional rate cuts in response to persistent inflation and a rise in consumer spending, which could affect home loan interest rates. Stay informed with Financial Services Online for more news.n