News & Articles, Interest Rates
At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.
Businesses turning over between $1m - $20m are feeling the pain of rate hikes alongside residential borrowers.
At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.75 per cent, effective 3 November 2010.
At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent.
Big four prepare for out of cycle move
Making headlines today, The Australian Financial Review has reported that the pressure is on the big four to use the expected rate rise next week to recover higher funding costs.
Fixed rates are officially back en vogue, with analysts predicting an upswing in demand over the coming months.
Statement by Glenn Stevens, Governor: Monetary Policy Decision
Liquidity rules could push up rates
Mortgage rates could come under pressure as banks look to offset the cost of new liquidity rules.
At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent.
Banks face pressure over cost of lending and look likely to raise rates
AUSTRALIA'S biggest banks could be forced to raise interest rates independently of the Reserve Bank to cover higher funding costs.
At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent.
Big banks set to cut mortgage rate deals
THE major banks could cut discounts on mortgage rates to soften the impact of increased wholesale funding costs and avoid having to pass on higher interest rates in an election year.
At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent.
Businesses face financial distress
Climbing interest rates, dwindling government stimulus action and tight credit conditions will continue to make recovery difficult for 80,000 Australian businesses that had their risk profile downgraded.
At its meeting today, the Reserve Bank Board decided to raise the cash rate by 25 basis points to 4.5 per cent.
Rate hike to intensify lender competition
As another rate rise hits Australian borrowers, savvy homeowners are urged to use this opportunity to shop for a better deal.
Ratings agency says rising rates no barrier to RMBS market
Moody’s rating agency has said that the Australian RMBS (Residential Mortgage Backed Securities) market is strong enough to withstand the Reserve Bank’s tightening policies and that there is little chance of a surge in delinquencies or downgrades.
Good times sting as interest rates rise
BOOMING house prices contributed to the Reserve Bank's decision to boost the cash rate to 4.25 per cent yesterday, with most economists warning several more rate rises are likely this year.
In another sign of the domestic economy’s growing strength, the Reserve Bank of Australia has raised the official cash rate 25 basis points to 4.25 per cent – the second rate hike for 2010.
Rate hike and falling affordability to stop 'bubble' forming
The recent suggestions about housing bubble forming in Australia hasn't materialised and is unlikely to happen any time soon according to an expert.
At its meeting today, the Reserve Bank Board decided to raise the cash rate by 25 basis points, to 4.0 per cent.
At its meeting today, the Reserve Bank Board decided to leave the cash rate unchanged at 3.75 per cent.
Savers strike gold with interest rates
THERE hasn't been a better time for savers in 10 years as the banks increase their term deposit rates in their fight to attract cheaper retail funds.
Interest rates to be 1.5 per cent higher
ECONOMISTS are predicting interest rates are likely to be 1.5 per cent higher by the end of next year based on their interpretation of the latest forecasts from the Reserve Bank.
There's no easy fix on home loans
VARIABLE rate home loans are expected to rise again this week but research has found they still beat fixed rates hands down.
CPI crucial to scale of interest rate rises
The Reserve Bank of Australia (RBA) may raise the interest rate by as much as half a percentage point due to a higher than expected inflation rate, experts believe.
Rates to hit 5.5pc by end 2011
The official cash rate is forecast to hit 5.5 per cent by the end of 2011, according to the National Australia Bank’s (NAB) monthly business survey and economic outlook.
Can't be too timid on interest rates - RBA
RESERVE Bank governor Glenn Stevens says it would be a mistake to be "too timid" to raise interest rates in response to a brighter economy.
Rate hike may spur activity in the housing market
The sooner-than-expected rate hike may prompt investors and homebuyers to dive into the property market before rates go even higher.
Market tips interest rate rise before Christmas
Market tips interest rate rise before Christmas.
The likelihood of a November rate hike has increased with The RBA’s minutes of the monetary policy meeting showing the situation in the global economy is improving.
Interest rate rises: what you need to know
CHRISTMAS certainly won't come early this year. Anything but. Most experts are tipping an official interest rate rise before Santa does his rounds.
RBA 'will act on rates' after stimulus fades
TREASURER Wayne Swan said interest rates would rise as the Government withdraws its stimulus measures.
Reserve Bank holds steady but banks may move
A HEAD of steam is building for a round of interest rate rises, with banks battling rising funding costs and set to raise mortgage rates regardless of whether the Reserve Bank pushes up the official rate next month or not.
RBA leaves interest rates unchanged at 3pc
THE Reserve Bank has left the official cash rate unchanged at 3 per cent for the fifth month in a row, as widely expected by economists.
Low interest rates fuel refinancing boom
A record number of Australian consumers are refinancing their home loans to take advantage of the current low interest rates, a new data showed.
Fixed-rate mortgages back in demand
THE fixed-rate mortgage, as good as dead six months ago, is roaring back to life as home owners scramble to take advantage of low interest rates before they disappear.
Interest rate pain set to return in 2010
THE days of historically low interest rates could soon be over as a rebound in the economy restrains the Reserve Bank's use of the monetary scalpel.
Another rate cut? Don't hold your breath
HOMEOWNERS holding out for another cut in their variable mortgage rate may be disappointed.
Fixed rates trending up as wholesale funds get dearer
BORROWERS, be warned: fixed interest rates appear on an upward trend as banks move to accommodate higher wholesale funding costs.
RBA happy to sit on rates sideline
THE Reserve Bank saw no pressing need to cut interest rates in June given signs of a stabilising global economy.
Prospects of higher interest rates are increasing as expectations of official cash rate rises increase sharply and lenders concede they may need to lift rates as funding costs rise.
Fixed rates surge to a 9-month high
Speculations that the current wave of interest rate cuts have come to an end prompted a large number of property owners to lock in their mortgages.