Episode Details

This week on Finance News Wrap, the Reserve Bank of Australia raised the official cash rate by 25 points to manage inflation and economic stability, which may impact consumer spending and financial markets. Australia's marine sector held its first Great Barrier Reef Commercial Marine Conference in Cairns, aimed at strategizing the industry's future, ensuring sustainability, encouraging technological advances, and economizing growth. In finance, non-bank lenders are increasingly targeting SMEs as major banks focus on low-risk lending. However, SMEs are warned of aggressive debt recovery from these lenders. On a lighter note, the motorcycle market saw a dip in sales last year, with off-road bikes showing resilience. Scooter sales have risen thanks to urban commuters, and leading manufacturers continue to innovate. Stay informed for your financial decisions with Financial Services Online.