Month: February 2023

Commercial Loans Interest Rate Increases

The recent interest rate rise announced by the Reserve Bank of Australia (RBA) will have a significant impact on commercial loans, particularly for small business owners. As a business owner, it’s important to understand how this change may affect your current loan and what your options are for refinancing. Here’s what you need to know:
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February Interest Rates Up 0.25%

The Reserve Bank of Australia (RBA) today decided to increase the official cash rate for the ninth consecutive time, this time by 0.25% to 3.35%.Following a higher than expected inflation rate of 7.8% in December, the RBA continues to attempt to rein in inflation with this latest increase.Unfortunately, it seems like interest rates will continue
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