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First major moves on rates
- December 8, 2011
- Posted by: admin
- Category: Bank Profits, Budget, Enconomy, Finance News, Financial goals, Home loan product, Inflation, Interest rate, Wealth
No CommentsTwo days after the RBA Board made its announcement the first full 25 basis point rate cut has been delivered by one of the big four banks. ANZ has made the decisive move, handing borrowers the full quarter percent. After a tense stand-off between the biggest banks ANZ has sent a strong message to the
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RBA flags further rate rises
- February 8, 2010
- Posted by: admin
- Category: Finance News
The Reserve Bank expects it will need to impose another three increases in the official interest rate by the end of this year to reduce inflation as the Australian economy strengthens… The RBA has increased its forecast for economic growth in Australia, expecting a faster pace over the next two years. Underlying inflation is forecast