What's Making Headlines – Rate hike tightens the screws on borrowers

After the RBA's move to hike rates to 4.35 per cent, the team breaks down what this means for borrower serviceability and the "double-edged sword" facing the central bank as inflation remains stubbornly high. Plus, the team pulls apart the financial results from three major banks and looks at the shifting landscape for broker flows at the majors. The conversation also highlights the growing pressure on small businesses, with new resources designed to help brokers navigate difficult conversations before arrears set in and the looming "Payday Super" changes that could catch SMEs off guard. This week, they discuss: Why the RBA believes the current cash rate "buys them space" amid Middle East instability. The "proprietary fight back" as major banks aggressively target branch-led growth. How the upcoming Payday Super regulations will create a significant cash flow crunch for SME clients. And much more!