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“growth slows from last year’s 6.1 percent to 3.2 percent this year and 2.9 percent next year, downgrades of 0.4 and 0.7 percentage points from April.”

The gross value of Aust. agriculture increased 17% to $71 billion in 2020-21

“I have advised the Governor-General that I intend to stand down as Chair of APRA, effective 30 October 2022.”

As the Reserve Bank continues to lift rates, more households will be pushed into mortgage stress.

The US’s Consumer Financial Protection Bureau plans to issue guidance in coming weeks pushing banks to repay customers who fall victim to alleged money-transfer scams, according to a report in The Wall Street Journal.

A consumer-focused fact sheet includes information on help that banks can provide, how financial hardship information can disappear from credit reports after a set period and contains handy links to further assistance.

In early 2021 there was an intense debate among economists about the likely consequences of the American Rescue Plan, the $1.9 trillion package enacted by a new Democratic president and a (barely) Democratic Congress. Some warned that the package would be dangerously inflationary; others were fairly relaxed. I was Team Relaxed. As it turned out, of course, that was a very bad call.

The ABA and participating member banks launched the “Australian Banks: Working to Protect You” PayID campaign. The ACCC also launched the Consumer Data Right Sandbox, a free tool which will provide CDR participants with a secure testing environment.

Dr Lowe said stablecoins linked to the value of a national currency is ‘‘the one piece of the crypto landscape where I think there is real promise”.

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Disclosure and Governance

Australia’s sale of bonds maturing in May 2032 on Wednesday attracted three times as many buyers as the amount offered, near the highest this year for similar-dated debt, according to AOFM data.

3. The Review will exclude the RBA’s payments, financial infrastructure, banking, and banknotes functions.