Archive for the ‘Interest Rate Updates’ Category
Thursday, March 5th, 2009
With all the expectation and concentration on the reserve bank decision this week, we clean forgot to let you know of a change in interest rates for our "compare credit cards" area of the website. Last Thursday the Commonwealth Bank of Australia lowered it's interest rates across the board for ...
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Tuesday, March 3rd, 2009
It looks as though the reserve bank have recognized the stimulus package as having an effect on the economy already, and have backed off from any further drop in interest rates this time around. Having already had the largest decrease in rates in Australias history, the Reserve Bank has held ...
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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 ...
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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 ...
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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 ...
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