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If a week is a long time in politics, a month is an eternity in the COVID-19 crisis, making March’s property price gains less relevant than what's happening now and where the market is headed.
Westpac Chairman John McFarlane says the bank needs a permanent CEO with full authority now, installing veteran banker Peter King on a permanent basis amid the biggest economic shock in decades.
Economists have applauded the historic $130 billion JobKeeper scheme, but how does it work for workers and businesses, and what does it mean for the economy?
Today we are further extending our COVID-19 support package, to assist commercial property customers who commit to supporting tenants, as we look to support businesses come out the other side.
The pace of COVID-19 developments is forcing forecasters to constantly revise their numbers, making the speed of response just as important in getting through this unique and challenging shock, economists say.
While few people have gone through a global pandemic and economic shock on this scale before, customers are front of mind in every decision we are taking and thousands have been contacting us.
Australia is in unchartered territory amid the COVID-19 pandemic, but we will get through this and banks have never been better placed to support the economy, including through our new support measures.
The Reserve Bank Governor has flagged additional policy initiatives, expected to include a cut in the cash rate and details of the Bank’s much awaited quantitative easing.
Shippit co-founder says supporting consumer confidence and government stimulus is key for the economy, as Westpac’s Ganesh Chandrasekkar urges customers to utilise the bank’s support package.
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