Bank of Australia stories
Australia's banks are steadily increasing their use of artificial intelligence, but regulation and data security fears are tempering adoption.
Digital wallets are gaining ground in Australia, but cash is still expected to account for 9% of point-of-sale value by 2030.
Lower speculative building and rising costs are squeezing tenant choice, with national industrial vacancy down to 3.7% after two years.
Businesses may see credit card rewards shrink as the Reserve Bank of Australia's surcharge ban and lower fees prompt banks to trim offers.
Australian borrowers can now access AUD loans against crypto holdings without selling, as a licensed platform moves digital assets into mainstream credit.
Rising unemployment and softer hiring demand may keep the Reserve Bank of Australia cautious as it weighs the labour market outlook.
Households and firms face renewed pressure, as mixed survey data point to the Reserve Bank of Australia staying tight and possibly lifting rates again.
Businesses could still face costly disruption unless Australia turns its account-to-account payments blueprint into systems people can actually use.
The bank says the platform is already resolving more enquiries end to end, as it replaces legacy systems across 2 million monthly conversations.
Australia's net zero goal faces fresh strain as billions flow into data centres that could lift power demand, water use and emissions.
Retention, pay transparency and flexible roles are now the key tests as employers try to keep women in technical jobs and close a widening gap.
Unemployment held above the Reserve Bank of Australia's forecast in May, keeping interest rate markets guessing despite a 40,300 jobs rebound.
Higher housing and wage pressures are keeping Australian inflation too hot for the Reserve Bank to rule out another rate rise as soon as November.
Australia risks missing billions in economic gains unless more girls choose technology and engineering at school, experts warn.
As SMEs demand faster lending and integrated tools, banks risk losing ground unless they cut red tape and modernise their platforms.
Weak lending to software and other asset-light firms is, Colter Bay says, dragging on productivity as Australia's credit flows into property.
Australian businesses face tighter cash flow as overdue invoices jump to a six-year high, reinforcing expectations the RBA will hold rates at 4.35%.
Higher borrowing and living costs have pushed household sentiment close to the survey's weakest level in 50 years.
Rising fuel and wage costs could keep Australian prices elevated for months, complicating the Reserve Bank of Australia's inflation fight.
The trial could make everyday banking decisions clearer for millions of app users, while keeping human oversight and fraud controls in place.