The Reserve Bank of Australia cited instability in Europe and its impact on commodities as the main reason for the rate cut in June. In the minutes of 5 June 2012 by the RBA released today, it was developments in Europe that RBA took the initiative to reduce the official cash rate by another 25 [...]
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Housing heats up over autumn Australia’s housing markets have recorded generally solid performances over autumn. Andrew Wilson from APM reports.
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ANZ has become the only bank out of the big 4 to pass on the full rate cut to its borrowers after the Reserve Bank’s rate cut last week. Its rivals Westpac, National Australia Bank and Commonwealth Bank went against Treasurer Wayne swan’s appeal to pass on the cut to boost their profits. "The heat [...]
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With the latest round of interest rate drop by the Reserve Bank of Australia, investors are all waiting to see how much the banks are passing the savings to home owners with VARIABLE RATES. FIXED rates are not affected by the rise/fall in the official cash rate. Fixed rates are highly dependent on Bond Market. [...]
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This afternoon the Reserve Bank of Australia (RBA) has reduced the official cash rate by 25 basis points. The official cash rate is now 3.50% p.a.(this is the wholesale rate before bank margins) We hope to see the majority of lenders pass on at least 15 basis points. This would bring the most [...]
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