Archive for February, 2009
Friday, February 20th, 2009
It never ceases to amaze me how quickly banks will raise mortgage rates when the official cash rate goes up (in some cases even before!) and yet how slow those very same banks are to pass on a rate saving to the customer.
I noticed after the last reserve bank announcement ...
Posted in Interest Rate Updates | No Comments »
Thursday, February 5th, 2009
It's funny how the major banks in Australia are slow to pick up on an interest rate cut by the Reserve Bank and pass on the savings to mortgage holders, and yet nearly all the major banks have swiftly brought down the interest paid on savings and term deposit accounts ...
Posted in Interest Rate Updates | No Comments »
Monday, February 2nd, 2009
Once again the Reserve Bank cash rate is looking to take a hit of 100 basis points, the second in as many months, in a bid to further revitalise the economy. 9 out of 17 top economists surveyed last week are backing the full 100 basis point cut while the ...
Posted in Interest Rate Updates, RBA Interest Rates | 1 Comment »
Monday, February 2nd, 2009
We hope over the next short while to introduce to you who we are and why we do what we do. Stay tuned for updates on interest rate changes and interesting discussion and commentary on the state of the economy as it relates to us all.
Posted in Site Updates | No Comments »