Reserve Bank Backs Australian Economy With Hold On Interest Rates

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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The good, the bad and the ugly of Interest Rate Cuts

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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