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September 15, 2020RBA expects historically low cash rate will remain for three years amid high unemployment – The Reserve Bank of Australia has flagged keeping the official … of Representatives Standing Committee on Economics that the cash rate, which is the interest rate on unsecured overnight loans …
Commonwealth Bank blames COVID-19 for doubling of impaired loan costs – The fragility of Australia’s … funds set aside for bad loans. The major banks in March offered struggling borrowers six-month mortgage repayment holidays but with unemployment rising, the …
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Exclusive: Cash-strapped Australians receiving … not have a job to go back to then you can’t pay back the loan.” Australia’s unemployment rate is 7.5 per cent and is expected to climb …
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Its cash profit from … home loans and 15% of business loans, and totaling A$62 billion have been deferred due to customer forbearance measures. Australia’s unemployment is expected to hit …
Profits soar as global crash intensifies social crisis in Australia – The most severe recession since the 1930s Depression has already thrown one million out of work, with much worse to come.
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The Reserve Bank of Australia kept official … scenario considered by the Board, unemployment is expected to swell to 10% by the end of 2020 before settling at around 7% by 2022. Lowe once again said …
