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 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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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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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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