Coinciding with the experts’ suggestion that the worst of the recession is behind us, Prime Minister Kevin Rudd has indicated that interest rates will rise in the coming months. Read More »
Posted by Iden on Monday the 27th of July, 2009. 2 Comments »
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Variable Interest Rates
Variable interest rates in Australia are generally set against the Reserve Bank’s “Cash Rate.” This rate is used by the RBA to make adjustments to monetary policy so that such things as people’s spending capacity can be controlled. By controlling our ability to spend, the Reserve Bank and the Australian government can achieve desired outcomes for such things as levels of employment and inflation, thereby controlling the economy.They do this by adjusting the Cash Rate up or down, dependent on whether they want us to loosen or tighten our spending habits. Read More »
Posted by Iden on Wednesday the 3rd of June, 2009. 4 Comments »
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