Archive for the ‘Interest Rate Updates’ Category
Tuesday, April 6th, 2010
NAB has challenged others of the big four on rising interest rates. If the RBA raise rates by another 0.25% today as expected, NAB have made a promise to it's growing customer base that they will not raise by any higher than the amount that the RBA raise by. This ...
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Tuesday, March 2nd, 2010
As expected, the Reserve Bank of Australia has today raised interest rates once again, after stronger than expected house sales, a drop in unemployment to 5.4% and other dominating factors indicating a significant improvement in the economy.
"With the risk of serious economic contraction in Australia having passed, the Board ...
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Wednesday, October 7th, 2009
RBA governor Glenn Stevens announced tuesday afternoon that the board has decided the financial crisis is all but over in Australia, with the decision to lift interest rates from today by 25 basis points. Markets so far have had a shaky response to the move, but it seems to be ...
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Tuesday, August 4th, 2009
The Reserve Bank of Australia have decided to leave the cash rate unchanged at 3.0 per cent at its meeting today. Stating that global financial markets seem to have seen the worst, and that there is even modest growth in some areas, including Australia's major trading partner China.
"Economic conditions in ...
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Tuesday, August 4th, 2009
Ahead of the Reserve Banks announcement this afternoon regarding interest rates, where they are expected to hold at current levels once again, yesterday Westpac Bank decided to increase it's fixed interest rates by quite a substantial amount.
All of the fixed term mortgage rates offered by Westpac have risen by between ...
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Tuesday, June 16th, 2009
With everyone still talking about the CBA interest rate hike, it appears that Westpac has managed to slip its own independent rate rise throguh without too much fury, or even attention from the public.
The Commenwealth bank hiked rates by point three of a percent, only to have the government in ...
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Wednesday, June 3rd, 2009
"The ANZ Bank giveth, and the ANZ Bank taketh away" - ANZ have today lowered interest rates for its fixed rate interest loans of one and two years in length, but increased the mortgage rate for terms of three years and longer.
This is obviously a sign that they believe rates ...
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Tuesday, June 2nd, 2009
At it's monthly meeting today, the RBA has once again decided to freeze interest rates at their current position of 3.0 per cent. From the website:
"Evidence has continued to emerge that the global economy is stabilising, after a sharp contraction during the December and March quarters. The considerable economic policy ...
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Wednesday, May 20th, 2009
The Commonwealth Bank have just released a new campaign where customers can save up to 14% on purchases with one of a selection of credit card product offerings.
"This offer gives existing CBA customers a low 4.99% p.a. interest rate on all purchases for 9 months across the Low Fee, ...
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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 ...
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