Two days after the RBA rate cut we are still awaiting the interest rate decision from both Westpac and ANZ. CBA announced a 40 basis point cut to it’s standard variable rate. ING was not able to match this with an announcement of 30 basis points....
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Category Archives: blossom news
RBA Rate Cut – what happens next?
Attention will now shift to the banks as we wait to see how much the lenders cut interest rates, and how soon this will happen. Yesterday’s cut leaves the RBA’s cash rate is at its lowest since December 2009 when the economy was recovering from...
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RBA Slashes Cash Rate by 0.50%!
Big news today for anyone with a mortgage or thinking about purchasing! The RBA has announced a 0.50% reduction to the official cash rate – now down to 3.75%. The big question now is will your lender pass on the full cut? We have seen...
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Lest We Forget
ANZAC day means something different to all Australians. For me personally I have a lot of pride calling myself Australian. The selfless sacrifices of many should always be honored and remembered, including my own family members. May today be a day of remembrence and family...
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What will the RBA do with rates next week?
The next meeting of the Reserve Bank of Australia board is happening in only a weeks time. There is much talk about a rate cut – so what did the board minutes reveal? “The Board had eased monetary policy late in 2011. Since then members...
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