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.
Interest Rates
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.
Original URL: https://www.news.com.au/finance/economy/interest-rates/page/76