Interest rates rise to 12-year high
THE central bank has boosted official interest rates by 25 basis points to 7.25 per cent, the highest level in over 12 years, to combat rising inflation.
THE central bank has boosted official interest rates by 25 basis points to 7.25 per cent, the highest level in over 12 years, to combat rising inflation.
IF you’re thinking of fixing your loan to offset rising interest rates, the chances are it could be too late.
WITH home buyers being squeezed like never before, economists are tipping another rate rise when the RBA meets next week.
BIG city house prices will fall if interest rates continue to climb, as struggling homeowners are forced to sell-up, a real estate body says.
THE threat of rising interest rates cast a pall over home sales at the weekend in Sydney, while the Melbourne market was more robust.
DESPERATE Australians are draining their super nest eggs to fend off mortgage foreclosures in record numbers.
SHORT-TERM funding costs for Australian banks and corporates have shot up to a 13-year high as money markets take fright at the double interest rate hike expected this year.
THE Reserve Bank is preparing to raise rates again in March in an effort to head off a wage-price spiral
THE Reserve Bank has been criticised for not taking earlier action on interest rates to avoid the spike in inflation.
THE message was — should have been — as clear as it was brutal. A message homeowners and prime minister and treasurer need to absorb. Indeed everyone.
THE Reserve Bank has lifted official interest rates by 25 basis points, taking them to 7 per cent, the highest they have been in 12 years.
THE near-certain interest rate rise to be delivered today by the Reserve Bank is being forecast as being too small to stem inflation.
KEVIN Rudd has reminded the Reserve Bank of his plan to massively boost the budget surplus and tackle inflation, ahead of a likely interest rate rise.
EACH increase in interest rates raises the chances that the Reserve Bank will take a step too far, writes David Uren.
STRUGGLING home owners are tipped to cop yet another interest rate rise next week as the highest annual core inflation numbers in 16 years force the RBA to act.
A THIRD of all home loans approved in December were for investment properties, with fixed rate loans popular, according to national mortgage broker AFG.
SHELLING out thousands of dollars in exit fees for refinancing your home loan can be avoided if you do your homework before signing on the dotted line.
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