In November 2020, the Reserve Bank of Australia (RBA) cut Australia’s interest rate to the historic low of 0.10 per cent. A year later, the RBA is forecasting this rate will stay in place for at least another year.
Experienced finance industry executive Bryce Harding has recently been appointed to lead a major expansion of TPT Wealth’s commercial lending business.
While the big banks are withdrawing from Tasmania, TPT Wealth is expanding its support for local businesses, with a goal to become the largest commercial lender in the state.
Senior Investment Manager, Jukka Viljanmaa, takes a look at the factors that are contributing to the recent lift in inflation, which refers to the way the price of goods, services and assets rise over time.
Jukka Viljanmaa, Senior Investment Manager, takes a closer look at the monthly labour force data, the underlying employment conditions, and what we can expect from unemployment rates over the coming months.