Archive for April, 2009

NAB refuses to budge on lowering interest rates

Tuesday, April 14th, 2009

Out of the Big four banks, the NAB is the only one refusing to pass on any of the 25 basis point saving that the Reserve Bank handed down last week. ANZ, Westpac and CBA have all decided they can afford a meagre 10 basis point drop, with St George ...

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Modest reduction in interest rate

Tuesday, April 7th, 2009

The Reserve Bank of Australia met today to discuss the state of the global economic crisis, and how Australia is faring in comparison to other countries, including its trading partners. They have determined that another modest drop in the official cash rate is necessary to continue to stabilise the downturn. In ...

Posted in Interest Rate Updates, RBA Interest Rates | 1 Comment »