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NAB cuts rates: lowest in 40 years
- February 5, 2015
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, Inflation, Interest rate, Investment Property, Property Renovation, Self Managed Super Funds, Wealth
No CommentsNational Australia Bank has become the third major lender to pass on the Reserve Bank’s rate cut in full. NAB today announced it would cut its standard variable home loan rate by 25 basis points to 5.63 per cent per annum. The major bank said home loan customers will save an average $62.50 a month
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ANZ hike interest rates
- November 11, 2010
- Posted by: admin
- Category: Finance News, Home loan product, Interest rate
ANZ has become the second bank in as many weeks to move out of cycle with the RBA. Yesterday the major lifted its standard variable mortgage rate and business lending rates by 0.39 per cent – well above the RBA’s 25 basis point cash rate hike, but just shy of CBA’s 0.45 per cent rate
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RBA Credit May 2010
- July 1, 2010
- Posted by: admin
- Category: Finance News
Today’s May RBA Credit data indicates, in our view, that credit growth is supporting domestic growth outlook. The 0.4% rise in business credit is positive for the expected recovery in business lending over 2010 and 2011. But the recovery may be gradual. Corporate deleveraging appears to be at its end in the current cycle. But