Double interest rate rise looms
CONSUMERS have been warned there will be no escaping an interest rate hike next month – and it could be a double whammy.
Interest Rates
Inflation concern led to RBA rate rise
THE Reserve Bank decided to lift interest rates in October due to worries about inflation and to prevent any build up of “imbalances” in the economy, the latest board minutes reveal.
Jitters as rates rise hits home
ONE quarter of 1 per cent may not sound like much, but for Sonja and Arjen van den Bosch it represents $167 a month extra that they will have to find…
No change in rates just yet – economists
THE RBA is tipped to leave the official cash rate on hold next week, as economists consider when rises will kick in.
‘Borrowers better off with variable rate’
BORROWERS have likely missed their chance to lock in low fixed home loan rates, a broker says.
Homeowners ‘should brace for rate rise’
HOMEOWNERS should brace for a jump in mortgage repayments of up to $5000 a year, mortgage broker warns.
Mixed message on interest rates
MIXED messages on the economy could save borrowers from an interest rate rise next month.
Another rate cut? Don’t hold your breath
ECONOMISTS at Australia’s major banks are less confident that another rate cut is on the cards.
Punter wins big as rates held
A GAMBLER has bet $45,000 that rates will be kept on hold today and economists support his call.
ING shed $1.5bn as savers panicked
ING Direct suffered a $1.5bn withdrawal of deposits last year as customers fled to the safety of the four major banks
Rates on hold in June: economists
SIGNS of stabilisation in the global economy should convince the RBA to leave official interest rates unchanged.
Rates decision could boost dollar
THE dollar could get a mild boost if the Reserve Bank of Australia (RBA) dishes out a no-change decision on interest rates this afternoon.
Rates to stay at 3pc – for now
THE Reserve Bank is unlikely to change interest rates when the board meets tomorrow, economists say.
Banks won’t budge on rate cut
THE big banks are refusing to bow to pressure from angry home buyers and politicians to pass on the latest official interest rate cut.
Rates: What it means for you
TODAY the Reserve Bank decides on whether to move the official interest rate. News.com.au explores how you’re affected by the central bank’s monthly decision.
Rate cuts must be passed on, says Swan
TREASURER Wayne Swan says he wants to see any further rate cuts by the Reserve Bank of Australia passed on as soon as possible.
NAB gets wrong message and ups rates
NATIONAL Australia Bank is increasing its fixed home loans despite pleas from the Government to lower rates.
RBA faces tough rates decision
THE unfolding economic nightmare will weigh heavily into the RBA’s reasoning today on whether to slash rates.
And now the good news: rates set to fall
INTEREST rates are tipped to fall to record lows tomorrow, as the effects of the global downturn threaten to hit our economy hard.
Interest rates won’t hit zero – RBA
THE Reserve Bank will continue to lower interest rates, but is unlikely to cut to zero per cent because monetary policy is already working to stimulate the economy, economists say.
Economists mixed on March rate cut
THE Reserve Bank is likely to cut interest rates again in March because the Federal Government’s $42 billion fiscal stimulus will take time to work, economists say.
Big Four match RBA’s rate cut in full
THE big four banks will pass on the full central bank interest rate cut but warn it will be harder to do so in future.
NAB, CBA, St George move on rates
THE big four banks have all passed on yesterday’s official interest rate cut in full after NAB and Commonwealth Bank announced cuts to mortgage rates this morning.
Stevens set to slash rates – McCrann
RBA governor Glenn Stevens is going to continue on Tuesday where he left off last year, with another big rate cut of either 75 or 100 points.
RBA won’t meet again until February
BORROWERS will have to wait until February for more mortgage relief with the central bank unlikely to interrupt their summer break and cut the cash rate on Tuesday, economists say.
Swan wants credit card rates cut
FEDERAL Treasurer Wayne Swans wants bank chiefs to tell him why they are not passing on interest rate cuts to credit card users.
Two major banks hold off on rate cuts
ALTHOUGH most home buyers will enjoy the benefit of the RBA’s aggressive interest rate cut – two major banks are playing Scrooge.
RBA’s Christmas gift a hefty rate cut
INTEREST rates are set to be slashed before Christmas, as the worst global financial crisis in decades stirs recession fears.
Flat retail sales signal more rate cuts
FLAT retail sales in the September quarter signal more interest rate cuts are on the way, economists say.
Mortgage relief with rates to be halved
INTEREST rates are tipped to fall to 3.75 per cent rate by March so that the Government can steer the country away from recession.
It’ll be bad, but not that bad, RBA says
CONSUMER prices will rise faster than expected, and some jobs will probably go, but Australia is likely to avoid a crushing recession, according…
Aussie drops rates again
AUSSIE Home Loans has dropped its standard variable mortgage rate by a further 40bp.
Rudd ‘tough as marshmallow’ on banks
PRIME Minister Kevin Rudd is about as “tough as marshmallow” in demanding that retail banks pass on the latest official interest rate cut in full,…
St George cuts interest rates
ST GEORGE has cut its standard variable rate by 62bp, making it the last of the big banks to move after the RBA’s cut on Tuesday.
AMP passes on full rate cut
MORE banks cut their interest rates yesterday, but only one has passed on the full 0.75 per cent cut made by the RBA.
Banks slow to react to rate cut
THE big banks have been slow to react after the Reserve Bank cut interest rates by a larger-than-expected 75bp yesterday.
Interest rates likely to keep falling
THE Reserve Bank is likely to keep slashing interest rate, economists say, after cutting its key rate by 75 basis points today.
CBA first bank to cut mortgage rates
CBA was the first major bank to cut its variable home loan interest rates, after the central bank eased official rates.
Rate cut the hot tip on Cup day
IF economists are right, the safest bet you can make on Cup Day is that the Reserve Bank will cut interest rates when it meets.
Inflation limits rate cut scope – RBA
AHEAD of next week’s interest rate announcement a top RBA policymaker says high inflation will limit the scope for rate cuts.
Westpac, St George cut home loan rates
WESTPAC are the latest bank to cut rates, slicing 0.2 percentage points off standard variabe home loans.
Rates tipped to drop under 5pc
AUSTRALIAN interest rates are tipped to fall to the lowest level since the aftermath of the September 11, 2001, terror attacks as the central bank worries about a recession.
NAB, Westpac cut fixed interest rates
NAB has joined Westpac in cutting fixed interest rates on home loans.
Bendigo Bank cuts home loan rates
BENDIGO Bank has followed Australia’s major lenders in passing on an 80 basis points cut to its variable home loan rate.
BankWest cuts rates by 80bp
BankWest has cut its standard variable rate by 80 basis points from 9.25 per cent p.a to 8.45 per cent per annum.
Economists predict global wave of rate cuts
AUSTRALIAN economists are now betting central banks worldwide will slash cash rates in a unified assault on the global financial crisis.
Bold rates move for a soft landing
AUSTRALIA is still heading for a sharp economic slowdown — or even recession — despite yesterday’s drastic rate cut.
Westpac cuts rates, big banks follow
WESTPAC was the first bank to lower home loan rates today, after the RBA cut the official rate by a huge 1 percentage point.
Borrowers shouldn’t expect much rate relief
THE RBA is widely expected to cut official interest rates today but borrowers have been warned not to expect too much relief.
Banks on $25 billion gravy train
AUSTRALIA’S banks will reap an estimated $25 billion if they pass on only half of the expected 0.5 per cent interest rate cut.
Rates set to be slashed – will banks follow?
INTEREST rates will be cut deeper and faster than previously expected, as the global financial crisis continues to bite.
CBA won’t commit to further rate cuts
COMMONWEALTH Bank of Australia says it is unable to guarantee matching any further reduction in official interest rates.
Weak dollar could delay rate cuts
A WEAKER dollar could delay an interest rate cut due to worries about the effect of higher petrol prices on inflation, economists say.
NAB won’t commit to rate cuts
NAB says it can’t commit to passing on any further rate cuts because of increased volatility in international credit markets.
St George cuts fixed home loan rates
ST George is cutting its fixed interest rate home loans by up to a quarter of a percentage point.
Rate cut ‘still likely’ in October
THE turmoil in world financial markets has increased the chance of a follow-up interest rate cut in October, economists say.
Westpac cuts fixed rate home loans
WESTPAC will drop its fixed interest rates for both new and existing customers by up to 0.3 percentage points from tomorrow.
ANZ cuts fixed interest rates again
ANZ will drop its fixed interest mortgage rates for new customers by up to 0.2 percentage points from Monday.
Rates relief will be slow
THE economy will continue to slide for at least six months as rates fall only gradually — painfully slow relief for struggling families.
RBA ‘cautious’ on rate cuts
THE Reserve Bank may be cautious about how quickly it cuts official interest rates in the future, because inflation still has a long way to fall, economists say.
RBA defends interest rates record
THE RBA says Australia is probably six months away from seeing clear evidence that inflation has begun to fall.
All eyes on next interest rate move
GLENN Stevens will front a parliamentary committee today with the market hanging on every word for a hint of what’s next for rates.
Economists divided on cut timing
INTEREST rates have finally moved lower, but questions have emerged exactly how quickly the RBA will deliver further cuts.
Will banks cut home loan interest rates?
THE big question today isn’t whether the RBA will lower interest rates, but if banks will follow up with cuts to home loan rates.
RBA to cut interest rates next week
A COMBINATION of a slowing economy, deteriorating business conditions and tight credit markets will lead to a rate cut next week.
RBA to wield rate knife with caution
CONTINUED strong demand from China for raw materials is likely to stop the RBA from granting home owners two consecutive rate cuts.
ANZ lowers fixed home loan rates again
ANZ is lowering its fixed rate home loans for the second time this month, as the market prepares for a cut in official rates next week.
ANZ joins NAB in interest rate cut promise
ANZ has followed NAB’s lead and promised to lower mortgage rates if the Reserve Bank cuts official rates.
Sluggish growth fuels rate cut hopes
AUSTRALIA is set to experience the slowest economic growth in seven years which would make the case for a 50 basis point interest rate cut in September, a survey shows.
Rollercoaster rates mean economic trouble
AUSTRALIA has entered the economic danger zone and the RBA is under fire from experts as it struggles to avoid a crash landing.
Rate cut almost certain, say economists
THE minutes of the Reserve Bank’s August board meeting have all but confirmed there will be an interest rate cut next month.
Swan warns banks to pass on rate cuts
WAYNE Swan has told the nation’s banks to pass on rate cuts, warning he has weapons to make the banking system more competitive.
RBA confirms rates will fall – but when?
THE central bank has given its loudest signal yet that it is about to cut interest rates, as data shows wage inflation remains under control.
RBA ‘in a position to cut rates’
THE Reserve Bank of Australia (RBA) said today that it was in a position to consider cutting interest rates because reduced household spending made such a move “a lot easier”.
Rate cut ‘more likely in November’
THE Reserve Bank’s concerns about high inflation in the near-term would make an interest rate cut in November more likely than next month, economists say.
Call for RBA to slash rates next month
THE RBA may need to cut interest rates by 50bp next month to make an impression on mortgage rates, an economist says.
Mortgage relief as ANZ cuts fixed rates
ANZ has lowered its fixed rate home loans but isn’t making any promises on its variable rate loans.
Beating banks with a feather
LENDERS are expected to be told not to rig ‘de facto’ home loan rate rises, when they appear before a parliamentary committee today.
Strong jobs data won’t stop rate cut
AN unexpected surge in the number of full-time employees last month is unlikely to stand in the way of an interest rate cut, economists say. New…
House prices fall – could rates be next?
CAPITAL city house prices have fallen by the sharpest rate in more than three years, as high interest rates and rising inflation bite.
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