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Home loan interest rates on hold
- August 3, 2010
- Posted by: admin
- Category: Finance News
No CommentsThe central bank today decided to keep the official cash rate on hold as was widely anticipated by economists following the release of better than expected inflation data last week. The Consumer Price Index (CPI) rose 3.1 per cent in the year to June quarter, slightly above the RBA’s target level of 2-3 per cent.
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Banks pounce on interest rate hike
- May 6, 2010
- Posted by: admin
- Category: Finance News
The RBA’s sixth hike in eight months takes the official cash rate target to 4.5 per cent and will add about $48 a month to mortgage repayments on a $300,000 loan with a 25-year term. The Commonwealth Bank was the first of the big banks to announce it was lifting its rates following the RBA
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RBA data still points to May home loan rate hike
- March 15, 2010
- Posted by: admin
- Category: Finance News
This week’s data releases have painted an interesting picture for the near term outlook for monetary policy. We still expect the RBA to raise the cash rate by 25bp’s in May but there are historical precedents to show that the Bank may be a little unnerved by the current contraction in new housing finance. On
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Strengthening economy pushes Home Loan Rates higher
- March 2, 2010
- Posted by: admin
- Category: Finance News
The Reserve Bank of Australia has raised the official cash rate 25 basis points to 4.00 per cent – the first rate hike for 2010. The Reserve Bank increased interest rates three times in quick succession in late 2009, prompting concerns that consumer demand would weaken, especially as fiscal stimulus was also being steadily withdrawn.