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Finance & Markets

Westpac Now Sees RBA Raising Cash Rate to 4.6% in November

Westpac Banking’s Luci Ellis cites more resilient household incomes and larger spillovers from data center boom for change of call for Reserve Bank to raise cash rate to 4.6% in November.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Malawi: 9 in 10 Malawians Shut Out of Bank Loans Because They Work in 'Shadow Economy' - Economist

[Nyasa Times] Millions of hardworking Malawians and small business owners are being frozen out of formal bank loans simply because of HOW they earn their living, a leading economist has warned.

  • 92.6% of Malawians unable to get formal bank loans due to informal sector work
  • Banks struggle to verify income and risk of informal sector workers
  • High interest rates and collateral requirements make borrowing unaffordable

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