Financial Services News Wrap
In today's Financial Services Online podcast, Paige Estritori discusses key economic updates in Australia. The Reserve Bank of Australia, surprising expectations, has decided to hold the cash rate at 4.35%. Despite a string of three consecutive hikes earlier this year, this pause may be temporary as they hint at further increases to control inflation, despite dropping oil prices. In motorcycling news, CFMOTO Australia is offering exclusive deals for their 450cc range as part of their 'Ride Forward Sale.' On the farming front, there are concerns as NRMA plans to exit the farm insurance market, affecting Hobby and Rural Farm Insurance policies. An encouraging innovation, electric hydrofoiling boats, brought by Vessev and ENAUTIC Group, is set to revolutionize commuting and leisure cruises in Perth, aiming at a sustainable future.
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