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…
Interest Rates
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.
Time for RBA to start cutting rates
THE economy has changed suddenly and sharply. It points to a very different 2009.
Retail trade fall signals rate cut
THE second successive quarterly fall in Australian retail sales could bring forward an interest rate cut, economists say.
Rates tipped to stay on hold
HOUSEHOLDS look set to gain the full benefit of a new round of tax cuts which begin today as the Reserve Bank of Australia (RBA) is widely expected to leave its cash rate unchanged for now.
High rates cool credit demand
HIGHER interest rates have restrained demand for credit, but appear to have done little to rein in inflation pressures which are growing, data released today shows.
Reserve Bank to hold fire on rates
MORTGAGE holders are set to be spared more interest rate discomfort next week with the Reserve Bank expected to keep rates on hold.
Big banks split on rate outlook
BORROWERS beware – two of Australia’s big four banks still think an August interest rate rise is likely.
Rate rise ‘on the cards’
ONE of the country’s biggest banks still believes an August interest rate increase is on the cards, despite signs of a slowing economy and an unexpected drop in employment.
Mortgage stress worst in a decade
MORTGAGE stress among borrowers has hit its highest level in more than a decade, according to ratings agency Standard & Poor’s.
Rates future over a barrel
SKY-high oil prices might yet undermine the Reserve Bank’s attempts to keep the lid on inflation and force interest rates higher over the next few months.
Property becomes an investment turn-off
WITH mortgage interest rates sitting at a 12-year high, investors are turning away from property as credit costs mount.
Tax cuts may trigger rate pain
TAX cuts in July pay packets could lead to another interest rate rise in the September quarter, despite poor job figures released last week.
Interest rates ‘slowing economy’
RESERVE Bank governor Glenn Stevens says tighter financial conditions, due to the global credit crunch and higher domestic interest rates, has helped slow domestic demand.
RBA gets breathing space
THE Reserve Bank’s attempt to slow the economy is working, with the economy registering its first fall in employment levels in 18 months.
Petrol and rates give consumers the blues
CONSUMERS are feeling worse than at any time since the recession of 1992, thanks to soaring fuel costs and continually rising rates.
RBA warns on interest rates
DESPITE keeping mortgage rates on hold yesterday, the Reserve Bank gave a stark warning that it will lift them again soon if wages or prices race…
Don’t rule out fixing your home loan
IF you’re thinking of fixing your loan, it may be possible to lock it in and save money, with fixed rates costing less than standard variable rates.
Rates seen steady, for now
INTEREST rates are tipped to remain on hold this week thanks to signs the economy is cooling, according to analysts.
Rate hike unlikely this week
SIGNS the economy is slowing down means the Reserve Bank is likely to keep rates steady at 7.25pc when it meets next week
Rates tipped for a pause
RATES are expected to remain on hold next week after new business investment figures showed the economy is slowing down.
More rate hikes almost sure
MARKETS have almost fully priced in another interest rate rise to 7.5 per cent within five months.
Aussies reeling in financial doom
AUSTRALIANS are reeling in financial doom, with 2 in 3 saying their financial situation is worse now than it was 12 months ago.
Rudd under the pump as fuel heads for $1.70
HIGHER petrol and food prices are having a bigger impact on households than interest rate hikes, a survey has found.
Wizard raises home loan rates
WIZARD Home Loans has raised its variable interest rate on number of its products by 10-basis points.
Rate rises hit house sales
THE Reserve Bank’s interest rate rises have sent housing markets plunging around the country, with the squeeze hitting those on low incomes the hardest.
Fewer home loans taken out in March
RISING mortgage rates have put off home buyers, with the number of home loans taken out in March falling 6.1 percent.
RBA lifts inflation forecasts
THE RBA has raised its forecasts for inflation for this year but believes prices pressures will start come off the boil by the end of 2008.
RBA boss in rates warning
RESERVE Bank governor Glenn Stevens has raised the prospect of further interest rate rises, warning that the commodities boom and excessive wage claims threaten to derail the bank’s effort to control inflation.
Ten good reasons for rate reprieve
PLUMMETING consumer confidence and higher mortgage repayments are among 10 key reasons why the RBA should leave rates on hold.
Economy running at full speed
HOME owners have enjoyed the best price gains in four years and the economy may not be slowing as quickly as the Reserve Bank believes.
Inflation rises at record pace
INFLATION is rising at its fastest rate on record as petrol prices reach fresh heights, a leading private sector indicator shows.
Original URL: https://www.news.com.au/finance/economy/interest-rates/page/72