Rates rise but opportunity exists for savvy borrowers

Probably the safest bet that anyone could have placed on Melbourne Cup Day was on the rate rise by the Reserve Bank. As expected by most people, the Reserve Bank of Australia increased their interested rate – this time by 25 basis points. With this rate rise, the new official cash rate is now 3.5 percent.

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Posted by Iden on Wednesday the 4th of November, 2009. 1 Comment »

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Interest rate put on hold for fourth month in a row

Interest rates were left on hold for the fourth month in a row and signalled the end to its recent rate cutting cycle, economists said after the RBA decision to leave the cash rate at 3% on Tuesday.
RBA governor Glenn Stevens indicated monetary policy was now on a neutral footing.  Here are some of his comments:

“The board’s judgment is that the present accommodative setting of monetary policy is appropriate given the economy’s circumstances,” Mr Stevens said. Read More »


Posted by Iden on Wednesday the 5th of August, 2009. 3 Comments »

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