In the papers: Aussie under investigation

Aussie Home Loans is under investigation by the Privacy Commission after personal information on more than 40 customers was found in a bin at a former Aussie office in Sydney’s outer-west.

According to The Sydney Morning Herald, Aussie CEO Stephen Porges said the company was taking the matter seriously and has apologised unreservedly to those parties involved.

Meanwhile financial markets are pricing in a cash rate of at least 4 per cent as global economic prospects continue to worsen.

ANZ’s head of Australian economics Warren Hogan told The Australian that credit markets were concerned by the prospect of a global economic slowdown and had started to price in heavy interest rate cuts.

He said markets were predicting the cash rate to fall to less than 4 per cent within six months.