The Reserve Bank of Australia has increased interest rates by 0.50% again for the second month in a row bring the cash rate to 1.35%. The RBA cited a number of events that are contributing to inflation and these include COVID-19, global supply chain issues, the Ukraine / Russia war and the floods are also Read More
At its monthly meeting today, the Reserve Bank has decided to increase the official cash rate from 0.10% to 0.35%. This is the first interest rate rise in more than 10 years. An increase in rates has been highly anticipated following the release of higher than expected inflation figures last week. There was Read More
December 2nd saw the Reserve Bank of Australia cut interest rates by another 1%. To the Australian consumer it means a reduction in their variable loan repayments but the full interest rate cut will only be passed on by a few lenders. In a swift decision, Commonwealth Bank and NAB decided to pass on the Read More