The Therapeutic Goods Administration has proposed major changes for the Australian supplement industry in 2020, which may see popular sports supplement products become unavailable in the Australian market. Bulk Nutrients, a major Australian sports supplement company, estimates that 90 per cent of the international and Australian owned sports supplements currently sold in the Australian market Read More…
Lenders have passed on bulk of rate cuts: RBA
Tue 13 August 2019 - 10:24 amNews
RBA assistant governor Christopher Kent says the central bank’s cash rate cuts have helped lower borrowing costs, particularly for new mortgage customers.
The Reserve Bank says its twin cash rate cuts have helped support the economy by lowering borrowing costs for businesses and consumers, most notably for new mortgage customers.
Assistant governor Christopher Kent says RBA data shows the average outstanding variable-rate housing loan fell by 23 basis points in June and was likely to fall by a similar amount in July, suggesting lenders have passed on the bulk of the central bank’s two 25 basis point cuts.
Dr Kent says new customers and those refinancing have particularly benefited thanks to discounting to attract new borrowers, and the RBA expects new loan approvals to build on June’s increase if property market conditions continue to improve.
- December 3 2019 RBA holds cash rate at record low 0.75%
- December 3 2019 High growth SMEs to get a boost from Business Growth Fund
- December 2 2019 Cash rate set to hold at 0.75% until Feb
- November 27 2019 Small business growth fund backed by the big four