The Bureau of Statistics says net overseas migration continues to ease; the UK central bank cuts interest rates while Japan’s lifts them; the Federal Court lifts a fine for ANZ to a record $250 million.
00:00 The Australian sharemarket rose today, as inflation in the US eased more than expected
01:21 Overnight, the European Central Bank left its key interest rate on hold as inflation hovers around target
02:17 the Australian dollar actually rose against the Yen and the other major global currencies, including the greenback
02:55 The Federal Court has ordered the ANZ to add $10 million to its $240 million fine for widespread misconduct and systemic risk failures
03:57 The number of migrants arriving from India and China has fallen in the year to June
04:21 And the ACCC is issuing a fresh scam warning ahead of Christmas, as new figures show Australians have lost more to online shopping scams than anyone other scam type this year
Ricardo Gonçalves breaks down the day’s financial news in On The Money.
#Finance #AustralianEconomy #InterestRates #Banking #OnTheMoney
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