interest rates
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Interest Rates for March: Our Top Picks for Home Loans, Savings and Credit Cards
As widely forecast, there was no change to the cash rate at this month’s meeting of the Reserve Bank of Australia (RBA) board. Several economists are forecasting that the RBA will stay on hold until the second half of the year at the earliest. Rather than waiting for a rate change or discount to land…
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Interest Rates Will Eventually Fall – Here’s How We Expect Aussie Wallets to Be Impacted
Suddenly the talk in global financial markets has spun from “when will interest rates next rise?” to “how soon before they fall?”.
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Despite What Boomers Say, Interest Rates Officially Hurt More Now Than Ever Before
The Reserve Bank has lifted the cash rate for the second time in two months, this time by 0.50 points to 0.85%. It won’t be the last such hike. Forecasters expect the cash rate to hit 2.5% by the end of next year. This would lift the typical variable mortgage rate to near 5%. Cue…
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What the RBA’s Rate Rise Means for Your Bank Balance
Reserve Bank Governor Philip Lowe has announced he will lift the cash rate for the first time in a decade, by 0.25 percentage points, taking it from 0.10% to 0.35%. Most market economists thought the bank would raise rates, but they were divided as to whether the bank would start small by lifting rates from…