Australia’s biggest four banks are all predicting the Reserve Bank of Australia (RBA) will cut the official cash rate from 4.35 per cent at its February meeting, with NAB joining its competitors in forecasting a cut. ANZ, CBA, and Westpac expect multiple cuts in a potential cycle, while Wednesday’s inflation figures support the likelihood of a rate reduction. If passed on by banks, a 0.25 per cent cut would lead to monthly mortgage repayments on a $600,000 loan dropping by $92, providing relief for borrowers struggling with high repayments.
Full Article
Fire Aid concert kicks off in Los Angeles for forest fire victims with Green Day
The Fire Aid benefit concert in Los Angeles is raising funds for fire victims with Hollywood icons and megastars performing at two venues. The event aims to support those affected by the recent devastating fires in the city. Visit the website to view photos from the night. Full Article
Read more