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Australian Stories

Bank of Australia stories

Australia inflation cools but RBA likely to tighten again
Artificial Intelligence

Australia inflation cools but RBA likely to tighten again

A softer August reading may not spare borrowers, with CreditorWatch warning that broad-based price pressures still point to another RBA hike.

By Karen Joy Bacudo • 4 min read • Today
Australia bans card payment surcharges on major networks
Fintech

Australia bans card payment surcharges on major networks

Shoppers will see fewer checkout fees on eftpos, Mastercard and Visa payments, though public holiday and weekend surcharges still apply.

By Karen Joy Bacudo • 4 min read • Today
RBA rate rise deepens Australia's housing market slowdown
Inflation

RBA rate rise deepens Australia's housing market slowdown

Borrowing power has fallen by nearly AUD $90,000 for a median-income household, leaving sales and prices under renewed pressure.

By Sofiah Nichole Salivio • 3 min read • Yesterday
Australian household spending flat as fuel costs rise
Artificial Intelligence

Australian household spending flat as fuel costs rise

Fuel and other essentials kept Australian consumers under pressure in August, with flat spending and weaker non-fuel outlays pointing to caution.

By Karen Joy Bacudo • 3 min read • Yesterday
Card-Agnostic Spend Management: Why Your Software Shouldn't Decide Which Cards You Use
Software-as-a-Service

Card-Agnostic Spend Management: Why Your Software Shouldn't Decide Which Cards You Use

Businesses using spend management software could face costly lock-in if their platform only works with its own corporate cards.

By Radha Pathi Reddy • 9 min read • Yesterday
Australia auction clearance rate falls below 50% again
Property Market

Australia auction clearance rate falls below 50% again

Higher interest rates and price mismatches are leaving more homes unsold, as Australia's capital-city clearance rate slips to 49.1%.

By Karen Joy Bacudo • 4 min read • Last week
RBA still tipped to raise rates as jobs data blurs
Inflation

RBA still tipped to raise rates as jobs data blurs

Australia's labour market sent mixed signals in August, but inflation worries still leave the Reserve Bank likely to lift interest rates next week.

By Mara Sugue • 5 min read • Last week
RBA set for September rate rise, CreditorWatch says
Artificial Intelligence

RBA set for September rate rise, CreditorWatch says

Australian households and debt-laden firms face further borrowing-cost pressure, with CreditorWatch seeing no chance of the RBA standing pat in September.

By Sean Mitchell • 4 min read • Last week
Data centre boom deepens strain on Australia builders
Data centers

Data centre boom deepens strain on Australia builders

Residential builders face rising defaults and insolvencies as Australia's AUD $150 billion data centre pipeline squeezes labour and materials.

By Joseph Gabriel Lagonsin • 5 min read • This month
Australian banks cut business card rewards & perks
Westpac

Australian banks cut business card rewards & perks

Businesses using credit cards are losing insurance, longer grace periods and reward value as major lenders trim perks amid card reforms.

By Karen Joy Bacudo • 5 min read • This month
Australia innovation activity hits record high in 2023-24
Digital Transformation

Australia innovation activity hits record high in 2023-24

Business innovation has stalled in the latest two years, even as a new index puts Australia at a record high in 2023-24.

By Karen Joy Bacudo • 4 min read • This month
Australia to ban card payment surcharges from October
Fintech

Australia to ban card payment surcharges from October

Shoppers will soon see a simpler checkout, as businesses across Australia must stop adding fees to eftpos, Mastercard and Visa card payments from 1 October.

By Sean Mitchell • 4 min read • This month
Tokenisation is an infrastructure decision
Fintech

Tokenisation is an infrastructure decision

Australia's wealth managers now face pressure to rebuild custody and distribution systems as tokenised assets move under the same law as other holdings.

By Dan Sleep • 5 min read • This month
RBA may hike again as business & consumer strain grows
Inflation

RBA may hike again as business & consumer strain grows

Rising fuel and borrowing costs are squeezing Australian households and firms, bolstering expectations the Reserve Bank may lift rates again in September.

By Karen Joy Bacudo • 4 min read • This month
Australia housing values weaken as industrial property holds
Inflation

Australia housing values weaken as industrial property holds

Rising listings and longer selling times are deepening the downturn, with vendor discounts widening as buyers retreat from Australia's housing market.

By Sofiah Nichole Salivio • 6 min read • This month

Global Stories

Bank of Australia stories

Sokin expands Australian team with two senior hires
Fintech

Sokin expands Australian team with two senior hires

Australian businesses trading across Asia Pacific may gain faster, clearer cross-border payments as Sokin builds a local leadership team.

By Joseph Gabriel Lagonsin • 4 min read • Last month
Grace Chung named grand winner in Women in AI awards
Robotics

Grace Chung named grand winner in Women in AI awards

Recognition for more than 50 finalists highlighted women's growing influence in Asia-Pacific artificial intelligence as Grace Chung took the top prize.

By Sean Mitchell • 4 min read • Last month
Mambu launches Intelligent Core for agentic banking AI
Software-as-a-Service

Mambu launches Intelligent Core for agentic banking AI

Banks could use the new platform to automate routine tasks and speed decisions, but only within strict guardrails and audit trails.

By Joseph Gabriel Lagonsin • 4 min read • Last month