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Federal Budget for the Border: 1494 2AY and Stephen Capello.

Hume Bank
13/10/2020

Listen in as our CEO Stephen Capello caught up with 1494 2AY's Kylie and Kev to chat about October's RBA announcement and latest Federal Budget.

The group broke down the RBA's recent October rate decision, 2020 Federal Budget announcement and what this means for Hume Bank and our Border community.

Mr Capello spoke on how the key themes and decisions made for the October RBA announcement and Federal Budget were based on boosting consumer confidence to spend. 

“With the RBA keeping interest rates at historical lows, some of the objectives is of course to give people the confidence to borrow, give people the confidence to spend because ideally by reducing the costs of households through financing there’s more income for them to actually spend in the economy.” Mr Capello said. 

Click play below to listen in for more.