Australia's share market lost ground on Friday as Fortescue saw another high profile resignation. Catch the day's business news on our live blog — as it happened.
As far as the RBA Board meeting goes next week, CBA's economists don't think there's been enough in the economy to justify another rate hike."The latest inflation data, together with the data on wages and unemployment,and are broadly in line or weaker than the RBA's own expectations.at the September Board meeting, especially after having kept rates unchanged over the past two meetings.
"A deteriorating outlook for the Chinese economy will also likely mean the RBA are content to maintain their wait and see approach on rates. "We expect the RBA to leave the cash rate unchanged, but in the post meeting Statement to continue to discuss the case for a further rate hike.Before we think about winding down for the day and heading into the weekend, let's see what's happening next week.On Tuesday, the Reserve Bank Board. The cash rate target is 4.1 per cent currently.On Thursday, RBA governor Philip Lowe
will then be speaking to the Anika Foundation. The title of his speech will be "Some closing remarks."Ratecity has its own take on the new record in the value of refinanced loans. It says the number would have been driven higher by the large amount of housing loan borrowers coming off their fixed rates.
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