The Reserve Bank of Australia (RBA) hiked the cash rate again this week, taking it to a 15-year high. But that was just one of the big stories shaping the mortgage and finance broking space.
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In this week’s episode of What’s Making Headlines, The Adviser’s senior journalist Charlie Tchetchenian and content writer Ben Squires unpack some of the biggest stories from the week. They discuss the RBA’s latest 25-basis-point rate hike and what governor Michele Bullock’s latest comments could mean for rates and broker conversations.
Other topics include:
- ASIC’s upcoming review of lender controls.
- Updates on brokers’ share of the CSLR special levy.
- Solo brokers losing ground as business pressures build.
And much more!
News stories mentioned:
- RBA announces latest cash rate call
- Bullock labels current rate ‘restrictive’ yet says more hikes possible
- Westpac joins ANZ in forecasting November hike
- Associations urge early loan reviews after rate hike
- ASIC to review introducer programs and lender oversight of brokers
- Draft CSLR special levy slammed as brokers face hefty share
- Solo brokers lose ground as business pressures build
- Over 80% of brokers report investor inquiry plunge
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