Making news this week (week ending 6 May)

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‘Now was the right time’: RBA raises cash rate

Reserve Bank governor Philip Lowe has flagged more cash rate lifts are on the way, after the first in more than 10 years took place on Tuesday (3 May).

ANZ confident its borrowers can afford rate rises

The majority of ANZ borrowers will be able to manage a rising interest rate environment, the CEO of the major bank has said while announcing the group's half-year results.

NAB enters enforceable undertaking over anti-money laundering controls

NAB has started calculating how much its enforceable undertaking will cost, after an AUSTRAC investigation found issues in the bank’s systems and controls.

Surging inflation to eat into housing market: CoreLogic?

Amid a peak in inflation and a looming cash rate rise, mortgage demand and house prices are tipped to slide earlier than expected.