Interest Rate Hike From RBA ‘No Surprise’
Tuesday, May 4th, 2010The 0.25% interest rate rise from the RBA today is almost the worst kept secret of the past month. We all knew it would happen. "With the risk of serious economic contraction ...
The 0.25% interest rate rise from the RBA today is almost the worst kept secret of the past month. We all knew it would happen. "With the risk of serious economic contraction ...
RBA Raises Rates Again to 4.25%
Tuesday, April 6th, 20108 out of 15 economists had predicted what almost the entire country was certain of happening today - The Reserve Bank Of Australia raising interest rates by another 0.25% to 4.25%. With a decline in inflation and the appearance of unemployment having peaked at lower than expected levels quoted as being ...
RBA Shocks Economists
Tuesday, February 2nd, 2010The vast majority of economic opinion was swinging towards at least a 0.25% rate increase today from the first board meeting of the Reserve Bank of Australia. This was met with the unexpected - a hold on the official cash rate for the time being. The rate stays at 3.75% Specifically ...
Modest reduction in interest rate
Tuesday, April 7th, 2009The 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 ...
Early to rise, slow to fall
Friday, February 20th, 2009It 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 ...
Welcome to the Interest Rate Comparison Blog
Monday, February 2nd, 2009We 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.