Rate rise to squeeze home owners
HOME loan interest rates look set to hit an 11-year high after the RBA lifted the official cash rate by 25 basis points to 7.25 per cent.
Interest Rates
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.
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.
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