Making news this week (ending 19 August)

RBA keeps options open for September

While the central bank went hard on its third consecutive 50-bp hike – without considering another option – the August minutes reveal it was “not on a pre-set path”.

Rates up to 91bp higher for existing borrowers: Lendi

Long-term borrowers are paying up to $70,000 more in repayments than first-time customers, according to new figures released by the broking group.

RBNZ boosts cash rate to 3%

New Zealand’s central bank has committed to another cash hike in the face of surging inflation, tacking on an extra 50 basis points.

Industry welcomes new MFAA CEO

Members of the broking industry have welcomed the appointment of Anja Pannek as the new CEO of the Mortgage & Finance Association of Australia.

NSW commits to flood buyback and land swap scheme

The state’s Premier has said residents impacted by this year’s floods will be offered buy-backs and land swaps, however no date has been set.

Brokers now responsible for majority of Bendigo’s loan book

The third-party channel is now responsible for more than half of Bendigo and Adelaide Bank’s loan book, new data shows.