In this episode of Financial Services Online, Paige Estritori explores the week's finance news. Despite the festive season, Australian lenders such as Newcastle Permanent and Teachers Mutual Group have increased their mortgage rates, although Queensland Country offers relief by decreasing theirs. The potential impact on homeowners, especially with high inflation, is significant. The episode also covers the growth of private credit, which continues to thrive due to investor enthusiasm and structural shifts. The new face of the Reserve Bank of Australia, unveiling two advisory boards to improve decision-making, is also discussed. Furthermore, the financial challenges faced by New Zealand are examined, with its economy showing signs of weakness across several sectors. Stay informed with the latest finance news at financialservicesonline.com.au.