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Monthly Archives: November 2009

When will Interest Rates Stop Rising???

November 4, 2009 in Latest News, Rate Rises

30 minutes prior to the running of the Melbourne Cup the Reserve Bank of Australia announced an increase to the Official Interest Rate of 0.25% p.a.

Within 10 minutes ANZ announced it would be passing on the full rate increase to borrowers with CBA, NAB, Westpac and St George following suit soon after. Read more