The Reserve Bank has left the Official Cash Rate on hold but it is unclear how long they will stay unchanged. Read what the bank has to say about rates here.
PSIS has been granted registration as a bank and changed its name to The Co-operative Bank. While promising no changes for members, chief executive Dr Girol Karacaoglu said they planned to build "a different type of bank" and to increase its mortgage-linked insurance business. Full story here
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